The Effect of Central Bank of Nigeria ( CBN ) Money Supply Management on Commercial Bank Loans and Advances ( CBLA ) and Output

Anyanwu Uchenna; Kalu Alexanda O. U.

doi:10.12816/0006796

Article Details

The Effect of Central Bank of Nigeria ( CBN ) Money Supply Management on Commercial Bank Loans and Advances ( CBLA ) and Output

Authors:

Anyanwu Uchenna | Kalu Alexanda O. U.

Publisher:

National Library Singapore

Main Topics:

Economics and Finance

Journal:

Singaporean Journal of Business, Economics and Management Studies 2014 vol.2 Issue 12, pp.1-10

Document Type:

Article

Publication Date:

7/2014

Document Language:

English

Document ID (Org No.):

54351

Frequency:

Monthly

pISSN:

23013621

DOI:

10.12816/0006796

Descriptors:

Abstract:

 Monetary policy is one of the macroeconomic instruments with which monetary authority in acountry employs in the management of money supply and the economy thereof to attain thefundamental objectives of price stability and maintenance of balance of payment. The monetarypolicy strives to explain the correlation between macro economic variables and the monetaryvariable and this form the focal point of this study. The study also set out to ascertain the impact ofCBN money supply on the growth of Nigeria economy, ascertain the extent of correlation thatexists between money supply and output. Scholars in the field opined that contractionary monetarypolicy negatively influences total consumption, CBLA and output. Within this framework, moneysupply, CLBA and output variables are analyzed for the period of 18 years (1994-2012) usingStatistical package for social sciences (SPSS) tool. The findings shows that change in money supply(M2) has significant effect on variables such as CBLA and output in Nigerian economy within theperiod under review, Also there is a significant strong multiple correlation among Real GDP,Money supply and Commercial Banks’ loans and Advances (R= 95.1%). The coefficient ofDetermination (R2) reveals that 90.5% of variations in RGDP were explained by our selectedexplanatory variables (Money supply and Commercial Banks’ loans and Advances).

Article Details

The Effect of Central Bank of Nigeria ( CBN ) Money Supply Management on Commercial Bank Loans and Advances ( CBLA ) and Output

Authors:

Anyanwu Uchenna | Kalu Alexanda O. U.

Publisher:

National Library Singapore

Main Topics:

Economics and Finance

Journal:

Singaporean Journal of Business, Economics and Management Studies 2014 vol.2 Issue 12, pp.1-10

Document Type:

Article

Publication Date:

7/2014

Document Language:

English

Document ID (Org No.):

54351

Frequency:

Monthly

pISSN:

23013621

DOI:

10.12816/0006796

Descriptors:

CENTRAL BANKS

LOANS

BANK LOANS

COMMERCIAL BANKS

NIGERIA

Issues

Article Details

The Effect of Central Bank of Nigeria ( CBN ) Money Supply Management on Commercial Bank Loans and Advances ( CBLA ) and Output

Authors: Anyanwu Uchenna | Kalu Alexanda O. U.

Publisher: National Library Singapore

Main Topics: Economics and Finance

Journal: Singaporean Journal of Business, Economics and Management Studies 2014 vol.2 Issue 12, pp.1-10

Document Type: Article

Publication Date: 7/2014

Document Language: English

Document ID (Org No.): 54351

Frequency: Monthly

pISSN: 23013621

DOI: 10.12816/0006796

Descriptors:

CENTRAL BANKS

LOANS

BANK LOANS

COMMERCIAL BANKS

NIGERIA

Issues

Authors:

Anyanwu Uchenna | Kalu Alexanda O. U.

Publisher:

National Library Singapore

Main Topics:

Economics and Finance

Journal:

Singaporean Journal of Business, Economics and Management Studies 2014 vol.2 Issue 12, pp.1-10

Document Type:

Article

Publication Date:

7/2014

Document Language:

English

Document ID (Org No.):

54351

Frequency:

Monthly

pISSN:

23013621

DOI:

10.12816/0006796