Nigeria: Selected Issues

International Monetary Fund

No 2008/065, IMF Staff Country Reports from International Monetary Fund

Abstract: 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.

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 (search for similar items in EconPapers)
Pages: 37
Date: 2008-02-14
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