Leveraging monetary policy and banking regulation for climate action in Nigeria

Oguntuase, Oluwaseun J. and Ajibare, Adedayo O. (2018): Leveraging monetary policy and banking regulation for climate action in Nigeria.

Abstract

The paramount question about global climate change is no longer whether climate will change, but how we should respond. There is urgent need for banks and their regulators to respond, as climate change continues to negatively impact economies around the world. This paper examined how the Central Bank of Nigeria (CBN) could align monetary policy and banking regulations to better meet the challenges posed by climate change to the banking sector and financial stability in Nigeria. The paper concluded that the CBN must explore the linkages between monetary policy and banking regulation to mitigate the effects of climate fragilities on Nigerian banks and financial stability in the country.

• Item Type: MPRA Paper
• Language: English
• Keywords: climate change, monetary policy, banking regulation, financial stability
• Subjects: G - Financial Economics > G2 - Financial Institutions and Services; G - Financial Economics > G2 - Financial Institutions and Services > G21 - Banks ; Depository Institutions ; Micro Finance Institutions ; Mortgages

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