IDEAS home Printed from https://ideas.repec.org/p/pra/mprapa/108052.html

Financial system regulation in a pandemic: Evidence from Nigeria

Author

Listed:
  • Uddin, Godwin

Abstract

Financial system soundness in world economies remains germane, but in the same vein, the COVID-19 outbreak had made governments scampering for any and every solution as experience has shown the need to incentivize businesses to enable economy-wide recovery. In this perspective, consideration of the Nigerian case is made, to re-echo possible collaboration by the Central Bank of Nigeria (CBN) and an operationally-associated agency - the Asset Management Corporation of Nigeria (AMCON). This viewpoint shows the role that AMCON could play to recoup extended facilities, in view to ensure financial system soundness, amidst others. Thus, efforts to leverage on this collaboration could aid going forward a fruitful operational effectiveness of so established policy responses.

Suggested Citation

  • Uddin, Godwin, 2021. "Financial system regulation in a pandemic: Evidence from Nigeria," MPRA Paper 108052, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:108052
    as

    Download full text from publisher

    File URL: https://mpra.ub.uni-muenchen.de/108052/9/MPRA_paper_108052.pdf
    File Function: original version
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Olubayo Thomas Olajide & Taiwo Asaolu & Charles Ayodele Jegede, 2011. "The Impact Of Financial Sector Reforms On Banks Performance In Nigeria," The International Journal of Business and Finance Research, The Institute for Business and Finance Research, vol. 5(1), pages 53-63.
    2. Butaru, Florentin & Chen, Qingqing & Clark, Brian & Das, Sanmay & Lo, Andrew W. & Siddique, Akhtar, 2016. "Risk and risk management in the credit card industry," Journal of Banking & Finance, Elsevier, vol. 72(C), pages 218-239.
    3. Leo Haan & Jan Kakes, 2020. "European banks after the global financial crisis: peak accumulated losses, twin crises and business models," Journal of Banking Regulation, Palgrave Macmillan, vol. 21(3), pages 197-211, September.
    4. Olaniyi Evans, 2020. "Socio-economic impacts of novel coronavirus: The policy solutions," BizEcons Quarterly, Strides Educational Foundation, vol. 7, pages 3-12.
    5. Beyer, Andreas & Nicoletti, Giulio & Papadopoulou, Niki & Papsdorf, Patrick & Rünstler, Gerhard & Schwarz, Claudia & Sousa, João & Vergote, Olivier, 2017. "The transmission channels of monetary, macro- and microprudential policies and their interrelations," Occasional Paper Series 191, European Central Bank.
    6. Lars Peter Hansen, 2013. "Challenges in Identifying and Measuring Systemic Risk," NBER Chapters, in: Risk Topography: Systemic Risk and Macro Modeling, pages 15-30, National Bureau of Economic Research, Inc.
    7. Martina Chinazom Okorie & David Onyinyechi Agu, 2015. "Does Banking Sector Reform Buy Efficiency Of Banking Sector Operations? - Evidence from Recent Nigerias Banking Sector Reforms," Asian Economic and Financial Review, Asian Economic and Social Society, vol. 5(2), pages 264-278.
    8. Leo Haan & Jan Kakes, 0. "European banks after the global financial crisis: peak accumulated losses, twin crises and business models," Journal of Banking Regulation, Palgrave Macmillan, vol. 0, pages 1-15.
    9. Martina Chinazom Okorie & David Onyinyechi Agu, 2015. "Does Banking Sector Reform Buy Efficiency Of Banking Sector Operations? ? Evidence from Recent Nigerias Banking Sector Reforms," Asian Economic and Financial Review, Asian Economic and Social Society, vol. 5(2), pages 264-278, February.
    10. Godwin Uddin & Kingsley Oserei, 2019. "Positioning Nigeria’s manufacturing and agricultural sectors for global competitiveness," Growth and Change, Wiley Blackwell, vol. 50(3), pages 1218-1237, September.
    11. Boissay, Frédéric & Cappiello, Lorenzo, 2014. "Micro- versus Macro-Prudential Supervision: Potential Differences, Tensions and Complementarities," Financial Stability Review, European Central Bank, vol. 1.
    12. Lars Peter Hansen, 2013. "Challenges in Identifying and Measuring Systemic Risk," NBER Chapters, in: Risk Topography: Systemic Risk and Macro Modeling, pages 15-30, National Bureau of Economic Research, Inc.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Md Din Islam Miah & Rosalan Ali & Norhanim Mat Sari, 2023. "Challenges and Solutions for Mudarabah as the Prime Investment Tool of Islamic Financing: A Literature Review," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 7(9), pages 2168-2185, September.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Uddin, Godwin, 2020. "Prudential guidelines and financial system stability in Nigeria," MPRA Paper 104964, University Library of Munich, Germany.
    2. Kabundi, Alain & De Simone, Francisco Nadal, 2020. "Monetary policy and systemic risk-taking in the euro area banking sector," Economic Modelling, Elsevier, vol. 91(C), pages 736-758.
    3. Alexander M. Karminsky & Ekaterina V. Seryakova, 2019. "Assessment of Cross-Border Transmission of Systemic Financial Risk in EU Countries," Finansovyj žhurnal — Financial Journal, Financial Research Institute, Moscow 125375, Russia, issue 5, pages 119-129, October.
    4. Christian Brownlees & Benjamin Chabot & Eric Ghysels & Christopher J. Kurz, 2015. "Backtesting Systemic Risk Measures During Historical Bank Runs," Working Paper Series WP-2015-9, Federal Reserve Bank of Chicago.
    5. Yener Altunbas & Michiel van Leuvensteijn & David Marques-Ibanez, 2013. "Competition And Bank Risk: The Role Of Securitization And Bank Capital," Working Papers 13005, Bangor Business School, Prifysgol Bangor University (Cymru / Wales).
    6. Zigrand, Jean-Pierre, 2014. "Systems and systemic risk in finance and economics," LSE Research Online Documents on Economics 61220, London School of Economics and Political Science, LSE Library.
    7. Katerina Ivanov & James Schulte & Weidong Tian & Kevin Tseng, 2021. "An Equilibrium-Based Measure of Systemic Risk," JRFM, MDPI, vol. 14(9), pages 1-24, September.
    8. Richard W. Booser, 2018. "An Algorithm Exploiting Episodes of Inefficient Asset Pricing to Derive a Macro-Foundation Scaled Metric for Systemic Risk: A Time-Series Martingale Representation," Journal of Applied Finance & Banking, SCIENPRESS Ltd, vol. 8(1), pages 1-3.
    9. Sanderson Abel & Alex Bara & Pierre Le Roux, 2019. "Evaluating Bank Cost Efficiency Using Stochastic Frontier Analysis," Journal of Economics and Behavioral Studies, AMH International, vol. 11(3), pages 48-57.
    10. Jin, Xisong & Nadal De Simone, Francisco, 2020. "Monetary policy and systemic risk-taking in the Euro area investment fund industry: A structural factor-augmented vector autoregression analysis," Journal of Financial Stability, Elsevier, vol. 49(C).
    11. James W. Kolari & Ivan Pastor Sanz, 2017. "Systemic risk measurement in banking using self-organizing maps," Journal of Banking Regulation, Palgrave Macmillan, vol. 18(4), pages 338-358, November.
    12. Garcia-Jorcano, Laura & Sanchis-Marco, Lidia, 2021. "Systemic-systematic risk in financial system: A dynamic ranking based on expectiles," International Review of Economics & Finance, Elsevier, vol. 75(C), pages 330-365.
    13. Aparna Bhatia & Megha Mahendru, 2019. "Financial Efficiency Evaluation of Indian Scheduled Commercial Banks," Jindal Journal of Business Research, , vol. 8(1), pages 51-64, June.
    14. Jying‐Nan Wang & Yuan‐Teng Hsu & Joe‐Ming Lee & Chih‐Chun Chen, 2021. "Measuring Systemic Risk: Capital Shortfall and CSRISK," International Review of Finance, International Review of Finance Ltd., vol. 21(1), pages 358-369, March.
    15. Paola Bongini & Laura Nieri, 2014. "Identifying and Regulating Systemically Important Financial Institutions," Economic Notes, Banca Monte dei Paschi di Siena SpA, vol. 43(1), pages 39-62, February.
    16. Brownlees, Christian & Chabot, Ben & Ghysels, Eric & Kurz, Christopher, 2020. "Back to the future: Backtesting systemic risk measures during historical bank runs and the great depression," Journal of Banking & Finance, Elsevier, vol. 113(C).
    17. International Monetary Fund, 2013. "West African Economic and Monetary Union (WAEMU): Staff Report on Common Policies for Member Countries," IMF Staff Country Reports 2013/092, International Monetary Fund.
    18. Glasserman, Paul & Young, H. Peyton, 2016. "Contagion in financial networks," LSE Research Online Documents on Economics 68681, London School of Economics and Political Science, LSE Library.
    19. Joerg Schmidt, 2019. "Risk, Asset Pricing and Monetary Policy Transmission in Europe: Evidence from a Threshold-VAR approach," MAGKS Papers on Economics 201928, Philipps-Universität Marburg, Faculty of Business Administration and Economics, Department of Economics (Volkswirtschaftliche Abteilung).
    20. Tatiana Gaelle Yongoua Tchikanda, 2017. "Systemic risk and individual risk: A trade-off?," Working Papers hal-04141656, HAL.

    More about this item

    Keywords

    ;
    ;
    ;
    ;
    ;
    ;

    JEL classification:

    • E5 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit
    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pra:mprapa:108052. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Joachim Winter (email available below). General contact details of provider: https://edirc.repec.org/data/vfmunde.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.