A review of Soludo's perspective of banking sector reforms in Nigeria
AbstractThis paper focuses specifically on the recent Soludo’s banking sector reforms. The study noted that the Soludo’s reforms focused on strengthening the financial systems through banking sector consolidation, foreign exchange market stabilization, interest rates restructuring and the pursuit of stabilization as against structural adjustment policies for monetary and inflationary controls. A review of theoretical qualifications to the Soludo’s reform show that in thoughts, it is rooted in the Classical traditions of Say’s Law, acts monetarist, but expects a Keynesian outcome that money can stimulate expansion in aggregate domestic output. In concluding, the study noted the need to adopt an interest rate operating procedures for monetary policy in addition to moving the economy consciously towards the ‘law of one market and one price’ for the domestic and foreign money markets.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 3803.
Date of creation: 02 Jul 2007
Date of revision:
Monetary Policy; Reforms;
Find related papers by JEL classification:
- E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies
- E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
- E5 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit
This paper has been announced in the following NEP Reports:
- NEP-AFR-2007-07-07 (Africa)
- NEP-ALL-2007-07-07 (All new papers)
- NEP-BAN-2007-07-07 (Banking)
- NEP-MAC-2007-07-07 (Macroeconomics)
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- Ahmad Bello Dogarawa, 2011. "Chronology of banking reforms in Nigeria: A survey of past and present theoretical and empirical literature," Journal of Financial Regulation and Compliance, Emerald Group Publishing, vol. 19(4), pages 370-382, November.
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