What is it about?
The study examines how banking reforms, in response to the global financial crisis, affects the effectiveness of monetary policy transmission channels in Nigeria. The monetary policy authority in the country implemented various reforms, at various stages, to mitigate the effects of financial shocks on transmission channels in the country. The study shows that the monetary policy transmission channels were active during the period under investigation, signifying a positive effect of reforms in mitigating financial shock and improving channels of transmission in the country.
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Why is it important?
The significance of this study lies in the exposition of the effectiveness of transmission channels during the financial crisis in the country. It also includes the importance of reforms during crisis.
Perspectives
My perspective of the study is that it provides the regulatory authority with necessary details of the modern monetary policy implementation in the current dispensation.
Dr Olumuyiwa Tolulope Apanisile
Obafemi Awolowo University
Read the Original
This page is a summary of: Revisiting the effect of financial crisis and banking reforms on the effectiveness of monetary policy transmission mechanism in Nigeria, Economic Annals, January 2024, National Library of Serbia,
DOI: 10.2298/eka2441095a.
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