Monetary Policy and Financial Performance of Nigerian Deposit Money Banks
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Keywords

Cash reserve requirement, Deposit money banks, Liquidity ratio, Monetary policy, Monetary policy rate, Net interest margin, Return on assets.

How to Cite

ADESINA, J. B. ., NWIDOBIE, M. B. ., & AMADI, A. N. . (2018). Monetary Policy and Financial Performance of Nigerian Deposit Money Banks. Asian Economic and Financial Review, 8(7), 853–869. https://doi.org/10.18488/journal.aefr.2018.87.853.869

Abstract

This paper aims to ascertain the monetary policy instruments of the Central Bank of Nigeria (CBN) during and after the bank consolidation exercise (2000 – 2016) and determine the effects of these policies on the financial performance of deposit money banks (DMBs) in Nigeria. An Autoregressive Lag Model (ADL) analysis of secondary data obtained from the CBN Statistical Bulletin, 2016 shows that monetary policies of the CBN had a significant effect on the performance of DMBs in the short-run but an insignificant effect in the long-run.

https://doi.org/10.18488/journal.aefr.2018.87.853.869
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