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An evaluation of alternative approaches to the application of cash reserve requirements in Nigeria

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  • Friday K. Ohuche
  • Joseph Nnanna

Abstract

This article evaluated ‘o-size-fits-all’ approach to cash reserve requirement implementation in Nigeria using the Vector Autoregressive methodology and scenario analysis. The central thrust was to ascertain if a one-size-fits-all approach would produce a better outcome or perhaps utilizing a differentiated approach would provide a better outcome. To that effect, our results eloquently provides various scenarios for consideration.

Suggested Citation

  • Friday K. Ohuche & Joseph Nnanna, 2018. "An evaluation of alternative approaches to the application of cash reserve requirements in Nigeria," Macroeconomics and Finance in Emerging Market Economies, Taylor & Francis Journals, vol. 11(1), pages 85-106, January.
    • Handle: RePEc:taf:macfem:v:11:y:2018:i:1:p:85-106
    DOI: 10.1080/17520843.2017.1376698
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    References listed on IDEAS

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    1. Richard G. Anderson, 2008. "Paying interest on deposits at Federal Reserve banks," Economic Synopses, Federal Reserve Bank of St. Louis.
    2. Hernando Vargas Herrera & Yanneth R Betancourt & Carlos Varela & Norberto Rodriguez, 2011. "Effects of reserve requirements in an inflation targeting regime: the case of Colombia," BIS Papers chapters, in: Bank for International Settlements (ed.), The global crisis and financial intermediation in emerging market economies, volume 54, pages 133-169, Bank for International Settlements.
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