This study evaluated the effect of bank consolidation on economic growth of Nigeria between the periods of 2006-2015. Secondary data were sourced from the Central Bank of Nigeria statistical bulletin and the NDIC Annual Reports between the period of 2006 and 2015. Data was analyzed using the Ordinary Least Square (OLS) multiple regression technique with the aid of the SPSS statistical software ...

the central bank, as an institution that directly controls the monetary system of the country, can also pursue goals such as managing interest rates, volume of currency, inflation, unemployment and even income distribution. in some countries (like iran) it functions as the part of the government and in some other countries the central bank is independent and follows its macro-policies. accordin...

Working papers of the Federal Reserve Bank of Cleveland are preliminary materials circulated to stimulate discussion and critical comment on research in progress. They may not have been subject to the formal editorial review accorded official Federal Reserve Bank of Cleveland publications. The views stated herein are those of the authors and are not necessarily those of the Federal Reserve Bank...

When the exchange rate is either fixed or floating, the currency trading of the central bank is relatively well understood. In intermediate regimes, or ‘dirty floats’, three different alternative behaviours of the central bank can be conjectured: symmetrically preventing changes of the exchange rate vs. preventing appreciation vs. preventing depreciation. In this paper, we describe a testing st...