Nigeria: Selected Issues

Author: International Monetary Fund

Volume/Issue: Volume 2008 Issue 065

Publication date: February 2008

ISBN: 9781451829075

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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Banks and Banking , Inflation , Money and Monetary Policy , ISCR , CR , bank , price , banking system , inflation expectation , banking sector , inflation outcome , bank grouping , B , bank soundness , bank instability , generation bank , Nonperforming loans , Inflation , Commercial banks , Loans , Real interest rates , Global , Africa , Sub-Saharan Africa

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Summary

This paper presents a simple structural model of inflation adapted for Nigeria based on the methodology of Berg, Karam, and Laxton. This approach allows different policy options to be considered systematically in a baseline forecasting exercise. The development and calibration of this model are ongoing. The consolidation of the banking system has transformed Nigeria’s financial system and created opportunities for financial institutions and market participants; but, it also poses challenges for financial stability. Efforts must therefore be stepped up to strengthen supervision and regulatory interventions.