Munich Personal RePEc Archive

A review of Soludo's perspective of banking sector reforms in Nigeria

Balogun, Emmanuel Dele (2007): A review of Soludo's perspective of banking sector reforms in Nigeria.

[img]
Preview
PDF
MPRA_paper_3803.pdf

Download (156kB) | Preview

Abstract

This paper focuses specifically on the recent Soludo’s banking sector reforms. The study noted that the Soludo’s reforms focused on strengthening the financial systems through banking sector consolidation, foreign exchange market stabilization, interest rates restructuring and the pursuit of stabilization as against structural adjustment policies for monetary and inflationary controls. A review of theoretical qualifications to the Soludo’s reform show that in thoughts, it is rooted in the Classical traditions of Say’s Law, acts monetarist, but expects a Keynesian outcome that money can stimulate expansion in aggregate domestic output. In concluding, the study noted the need to adopt an interest rate operating procedures for monetary policy in addition to moving the economy consciously towards the ‘law of one market and one price’ for the domestic and foreign money markets.

UB_LMU-Logo
MPRA is a RePEc service hosted by
the Munich University Library in Germany.