Leveraging monetary policy and banking regulation for climate action in Nigeria

Oluwaseun J. Oguntuase and Adedayo O. Ajibare

MPRA Paper from University Library of Munich, Germany

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.

Keywords: climate change; monetary policy; banking regulation; financial stability (search for similar items in EconPapers)
JEL-codes: G2 G21 (search for similar items in EconPapers)
Date: 2018-07-10, Revised 2018-11-06
New Economics Papers: this item is included in nep-env and nep-mon
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:89611

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