Nigerian interest rates have 'weak effect' on real economy, CBN working paper finds
Interest rate and exchange rate channels between 1981 and 2008 appear to have had a weak effect on the real economy, a Central Bank of Nigeria (CBN) working paper finds.
An Analysis of The Monetary Policy Transmission Mechanism and The Real Economy in Nigeria by Eddy Ndekwu, dated June 2013, but published on the bank's website this week, examines the process by which the interest rate policy of the Central Bank of Nigeria affects the structure of interest rates, credit, aggregate demand and
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