The role of central bank in greening the Nigerian financial system

Peterson Ozili

MPRA Paper from University Library of Munich, Germany

Abstract: The chapter explores the role of the central bank of Nigeria (CBN) in greening the financial system. I explore the ways in which the central bank could green the financial system. Some of the offered suggestions include disclosure requirements, establishing green finance labs, creating a green bank, and the use of differentiated cash reserve requirement based on environmental impact. The insights offered in this chapter are useful to bank supervisors and the monetary authority in understanding how financial and monetary decisions affect the environment.

Keywords: Central bank; green finance; financial institutions; financial system; green bonds. (search for similar items in EconPapers)
JEL-codes: E51 Q54 Q58 (search for similar items in EconPapers)
Date: 2024
New Economics Papers: this item is included in nep-ene, nep-env, nep-mon and nep-pay
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:120157

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