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Nigeria: Selected Issues
Author:
International Monetary Fund
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2008: Issue 065
Language:
English
Publication Date:
14 Feb 2008
DOI:
https://doi.org/10.5089/9781451829075.002
ISBN:
9781451829075
ISSN:
1934-7685
Pages:
37
Keywords:
ISCR; CR; bank; price; banking system; inflation expectation; banking sector; inflation outcome; bank grouping; B. bank soundness; bank instability; generation bank; Nonperforming loans; Inflation; Commercial banks; Loans; Real interest rates; Global; Africa; Sub-Saharan Africa
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This paper presents a simple structural model of inflation adapted for Nigeria based on the methodology of Berg, Karam, and Laxton. This approach allows different policy options to be considered systematically in a baseline forecasting exercise. The development and calibration of this model are ongoing. The consolidation of the banking system has transformed Nigeria’s financial system and created opportunities for financial institutions and market participants; but, it also poses challenges for financial stability. Efforts must therefore be stepped up to strengthen supervision and regulatory interventions.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund