How to cite this paper
Bora, I., Kirikkaleli, D., Zoaka, J., Bekun, F & Ekwueme, D. (2020). Investigating monetary policy dynamics in Nigeria: The role of private investment.Management Science Letters , 10(1), 247-254.
Refrences
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Ajakaiye, D.O. (2001). Economic Development in Nigeria. A review of Recent Experiences in CBN, Growing the Nigerian Economy, Abuja, Nigeria. CBN Annual Monetary, 37(12).
Ajayi, S. I. (1978). Money in a developing economy: A portfolio approach to money supply determina-tion in Nigeria. Ibadan University Press.
Akomolafe, K. J., Bosede, O., Emmanuel, O., & Mark, A. (2015). Public debt and private investment in Nigeria. American Journal of Economics, 5(5), 501-507.
Alexander, E. W. (1995). The study on adoption of indirect mechanisms of monetary policy. IMF staff occasional paper, 32(126), 36.
Anyanwu, J. C., & Oaikhenan, H. E. (1995). Modern macroeconomics: Theory and applications in Ni-geria. Department of Economics & Statistics, University of Benin.
Ariyo, A. (1998). Investment and Nigeria’s economic growth. In Investment in the Growth Process: Proceedings of the Nigerian Economic Society Conference, Ibadan, Nigeria (pp. 329-349).
Berger, A. N., & Bouwman, C. H. (2017). Bank liquidity creation, monetary policy, and financial cri-ses. Journal of Financial Stability, 30, 139-155.
Bräuning, F., & Ivashina, V. (2019). US monetary policy and emerging market credit cycles. Journal of Monetary Economics.
Brauning, F., & Ivashina, V. (2017). Monetary policy and global banking (No. w23316). National Bu-reau of Economic Research.
CBN (1992). The evolution and performance of monetary policy in Nigeria during 1980’s. CBN Bul-lion.
Clark, J. M. (1917). Business acceleration and the law of demand: A technical factor in economic cy-cles. Journal of Political Economy, 25(3), 217-235.
De Koker, L., & Jentzsch, N. (2013). Financial inclusion and financial integrity: Aligned incen-tives? World development, 44, 267-280.
Dreger, C., & Reimers, H. E. (2016). Does public investment stimulate private investment? Evidence for the euro area. Economic Modelling, 58, 154-158.
Ekezie, E. S. (1997). The elements of banking. Onitsha: Africana-Feb Publishers Ltd. Federal Repub-lic of Nigeria Official Gazette, 26.
Fasanya, I. O., Onakoya, A. B., & Agboluaje, M. A. (2013). Does monetary policy influence economic growth in Nigeria. Asian Economic and Financial Review, 3(5), 635-646.
Hassan, O. M. (2015). The impact of monetary policy on private capital formation in Nigeria. Journal of Empirical Economics, 4(3), 138-153.
Imoughele, L. E., & Ismaila, M. (2014). Empirical Investigation of the Impact of Monetary Policy on Manufacturing Sector Performance in Nigeria (1986-2012). International Journal of Education and Research, 2(1), 1-20.
Inoue, A., & Rossi, B. (2019). The effects of conventional and unconventional monetary policy on ex-change rates. Journal of International Economics, 118, 419-447.
Jorgenson, D. W. (1971). Econometric studies of investment behavior: A survey. Journal of Economic literature, 9(4), 1111-1147
Kamaan, C. K., & Nyamongo, E. M. (2014). The effect of monetary policy on economic growth in Kenya. International Journal of Business and Commerce, 3(8), 11-24.
Kolodko, G. W. (1999). Incomes policy, equity issues, and poverty reduction in transition econo-mies. Finance and Development, 36(3), 32.
Taddese Lemma, T., & Negash, M. (2013). Institutional, macroeconomic and firm-specific determi-nants of capital structure: The African evidence. Management Research Review, 36(11), 1081-1122.
Murthy, V. N., & Okunade, A. A. (2016). Determinants of US health expenditure: Evidence from au-toregressive distributed lag (ARDL) approach to cointegration. Economic Modelling, 59, 67-73.
Nemedia, C. (2006). Elements of Macroeconomic Management: Monetary Policy. Journal of Empiri-cal Economics 4(3), 138-153
Nnanna, O. J. (2004, November). Beyond bank consolidation: The impact of society. In A paper pre-sented at the 4th Annual Monetary Policy conference of the Central Bank of Nigeria, Abuja (18th-19th November).
Nwosa, P. I., & Oseni, I. O. (2012). Monetary Policy, Exchange Rate and Inflation Rate in Nigeria: A Co-integration and Multivariate Vector Error Correction Model Approach. Research Journal of Fi-nance and Accounting, 3(3), 62-69.
Obaseki, P. J. (2000). Globalization and the Nigerian economy. Central Bank of Nigeria Economic and Financial Review, 38(2), 17-33.
Odozi, V.A. (1993). Shows the Current Monetary and Banking Policies within Nigeria and the Projec-tions in the Third Republic. Central Bank of Nigeria Economic and Financial Review, 30(3).
Ojo, M. O., & Obaseki, P. J. (1998). Challenges of globalization for macroeconomic policy and man-agement in Nigeria. CBN Economic and Financial Review, 36(4), 415-440.
Koijen, R. S., & Yogo, M. (2019). Exchange Rates and Asset Prices in a Global Demand Sys-tem. Available at SSRN 3383677.
Onouorah, A., Shaib, I. O., Oyathelemi, E., & Friday, O. I. (2011). The impact of monetary policy on micro-economy and private investment in Nigeria. Research Journal of Finance and Account-ing, 2(6), 65.
Otiti, A. 0. (2007). Essay on Recent Issues in the Nigerian Financial System. CIBN Press Ltd, Tarton, Yaba, Lagos.
Pesaran, M. H., Shin, Y., & Smith, R. J. (2001). Bounds analysis, testing approaches to the analysis of glassy relationships. Journal of the Applied Econometrics, 16(3), 289-326.
Sánchez, R. R. (2013). The complex political economy of natural capitalism: The case of Whole Foods, Stonyfield Farms, and Walmart. Online Journal of Communication and Media Technolo-gies, 3(3), 178-198.
Sheedy, K. D. (2017). Conventional and unconventional monetary policy rules. Journal of Macroeco-nomics, 54, 127-147.
Shleifer, A., & Vishny, R. W. (1993). Corruption. The Quarterly Journal of Economics, 108(3), 599-617.
Soyinbo, A. K (2001). A review of Nigeria’s privatization programme. Development Policy Centre Research Report, 23, 9.
Sunakawa, T. (2015). A quantitative analysis of optimal sustainable monetary policies. Journal of Economic Dynamics and Control, 52, 119-135.
Wang, Y., & You, J. (2012). Corruption and firm growth: evidence from China. China Economic Re-view, 23(2), 415–433.
Wei, S. J. (1997). Why is corruption so much more taxing than tax? Arbitrariness kills (No. w6255). National bureau of economic research.
Zivot, E., & Andrews, D. W. K. (2002). Further evidence on the great crash, the oil-price shock, and the unit-root hypothesis. Journal of Business & Economic Statistics, 20(1), 25-44.
Ajakaiye, D.O. (2001). Economic Development in Nigeria. A review of Recent Experiences in CBN, Growing the Nigerian Economy, Abuja, Nigeria. CBN Annual Monetary, 37(12).
Ajayi, S. I. (1978). Money in a developing economy: A portfolio approach to money supply determina-tion in Nigeria. Ibadan University Press.
Akomolafe, K. J., Bosede, O., Emmanuel, O., & Mark, A. (2015). Public debt and private investment in Nigeria. American Journal of Economics, 5(5), 501-507.
Alexander, E. W. (1995). The study on adoption of indirect mechanisms of monetary policy. IMF staff occasional paper, 32(126), 36.
Anyanwu, J. C., & Oaikhenan, H. E. (1995). Modern macroeconomics: Theory and applications in Ni-geria. Department of Economics & Statistics, University of Benin.
Ariyo, A. (1998). Investment and Nigeria’s economic growth. In Investment in the Growth Process: Proceedings of the Nigerian Economic Society Conference, Ibadan, Nigeria (pp. 329-349).
Berger, A. N., & Bouwman, C. H. (2017). Bank liquidity creation, monetary policy, and financial cri-ses. Journal of Financial Stability, 30, 139-155.
Bräuning, F., & Ivashina, V. (2019). US monetary policy and emerging market credit cycles. Journal of Monetary Economics.
Brauning, F., & Ivashina, V. (2017). Monetary policy and global banking (No. w23316). National Bu-reau of Economic Research.
CBN (1992). The evolution and performance of monetary policy in Nigeria during 1980’s. CBN Bul-lion.
Clark, J. M. (1917). Business acceleration and the law of demand: A technical factor in economic cy-cles. Journal of Political Economy, 25(3), 217-235.
De Koker, L., & Jentzsch, N. (2013). Financial inclusion and financial integrity: Aligned incen-tives? World development, 44, 267-280.
Dreger, C., & Reimers, H. E. (2016). Does public investment stimulate private investment? Evidence for the euro area. Economic Modelling, 58, 154-158.
Ekezie, E. S. (1997). The elements of banking. Onitsha: Africana-Feb Publishers Ltd. Federal Repub-lic of Nigeria Official Gazette, 26.
Fasanya, I. O., Onakoya, A. B., & Agboluaje, M. A. (2013). Does monetary policy influence economic growth in Nigeria. Asian Economic and Financial Review, 3(5), 635-646.
Hassan, O. M. (2015). The impact of monetary policy on private capital formation in Nigeria. Journal of Empirical Economics, 4(3), 138-153.
Imoughele, L. E., & Ismaila, M. (2014). Empirical Investigation of the Impact of Monetary Policy on Manufacturing Sector Performance in Nigeria (1986-2012). International Journal of Education and Research, 2(1), 1-20.
Inoue, A., & Rossi, B. (2019). The effects of conventional and unconventional monetary policy on ex-change rates. Journal of International Economics, 118, 419-447.
Jorgenson, D. W. (1971). Econometric studies of investment behavior: A survey. Journal of Economic literature, 9(4), 1111-1147
Kamaan, C. K., & Nyamongo, E. M. (2014). The effect of monetary policy on economic growth in Kenya. International Journal of Business and Commerce, 3(8), 11-24.
Kolodko, G. W. (1999). Incomes policy, equity issues, and poverty reduction in transition econo-mies. Finance and Development, 36(3), 32.
Taddese Lemma, T., & Negash, M. (2013). Institutional, macroeconomic and firm-specific determi-nants of capital structure: The African evidence. Management Research Review, 36(11), 1081-1122.
Murthy, V. N., & Okunade, A. A. (2016). Determinants of US health expenditure: Evidence from au-toregressive distributed lag (ARDL) approach to cointegration. Economic Modelling, 59, 67-73.
Nemedia, C. (2006). Elements of Macroeconomic Management: Monetary Policy. Journal of Empiri-cal Economics 4(3), 138-153
Nnanna, O. J. (2004, November). Beyond bank consolidation: The impact of society. In A paper pre-sented at the 4th Annual Monetary Policy conference of the Central Bank of Nigeria, Abuja (18th-19th November).
Nwosa, P. I., & Oseni, I. O. (2012). Monetary Policy, Exchange Rate and Inflation Rate in Nigeria: A Co-integration and Multivariate Vector Error Correction Model Approach. Research Journal of Fi-nance and Accounting, 3(3), 62-69.
Obaseki, P. J. (2000). Globalization and the Nigerian economy. Central Bank of Nigeria Economic and Financial Review, 38(2), 17-33.
Odozi, V.A. (1993). Shows the Current Monetary and Banking Policies within Nigeria and the Projec-tions in the Third Republic. Central Bank of Nigeria Economic and Financial Review, 30(3).
Ojo, M. O., & Obaseki, P. J. (1998). Challenges of globalization for macroeconomic policy and man-agement in Nigeria. CBN Economic and Financial Review, 36(4), 415-440.
Koijen, R. S., & Yogo, M. (2019). Exchange Rates and Asset Prices in a Global Demand Sys-tem. Available at SSRN 3383677.
Onouorah, A., Shaib, I. O., Oyathelemi, E., & Friday, O. I. (2011). The impact of monetary policy on micro-economy and private investment in Nigeria. Research Journal of Finance and Account-ing, 2(6), 65.
Otiti, A. 0. (2007). Essay on Recent Issues in the Nigerian Financial System. CIBN Press Ltd, Tarton, Yaba, Lagos.
Pesaran, M. H., Shin, Y., & Smith, R. J. (2001). Bounds analysis, testing approaches to the analysis of glassy relationships. Journal of the Applied Econometrics, 16(3), 289-326.
Sánchez, R. R. (2013). The complex political economy of natural capitalism: The case of Whole Foods, Stonyfield Farms, and Walmart. Online Journal of Communication and Media Technolo-gies, 3(3), 178-198.
Sheedy, K. D. (2017). Conventional and unconventional monetary policy rules. Journal of Macroeco-nomics, 54, 127-147.
Shleifer, A., & Vishny, R. W. (1993). Corruption. The Quarterly Journal of Economics, 108(3), 599-617.
Soyinbo, A. K (2001). A review of Nigeria’s privatization programme. Development Policy Centre Research Report, 23, 9.
Sunakawa, T. (2015). A quantitative analysis of optimal sustainable monetary policies. Journal of Economic Dynamics and Control, 52, 119-135.
Wang, Y., & You, J. (2012). Corruption and firm growth: evidence from China. China Economic Re-view, 23(2), 415–433.
Wei, S. J. (1997). Why is corruption so much more taxing than tax? Arbitrariness kills (No. w6255). National bureau of economic research.
Zivot, E., & Andrews, D. W. K. (2002). Further evidence on the great crash, the oil-price shock, and the unit-root hypothesis. Journal of Business & Economic Statistics, 20(1), 25-44.