ABSTRACT
Central banks are general known to be concerned with the maintenance of monetary stability. This task involves the regulation of money in circulation consistent with the absorphic capacity of the economy axiomatically, excessive growth in money supply rates to high rates of spending on domestic or foreign goods given that domestic supply of goods and services in essentially in elastic in the short run, excess liquidity is likely to result in substantial inflationary is likely to result in substantial inflationary pressures in the economy. To the extent that spending pressures are directed towards foreign goods or (assets0 balance of payment pressures will ensure. Thus, the task of monetary authorities is to ensure that the growth in the domestic liquidity is consistent with the objectives of out-put growth, inflation and the balance of payments. This at any given time the CBN would ensure that supply of money is sufficiently optimal to sustain non-inflationary out-put rate and exchange rate stability.
One of the strategies of achieving this objectives is through the adoption of the liquidity management policies / techniques which afford the CBN, the use of monetary policy instrument to influence bank reserve and consequently the growth in money supply. The ability of the central bank to effectively control domestic liquidity depends interaction the level of the economic development particularly the state of its financial system the number and types of policy instruments available to the central banks and degree of harmonization between monetary and fiscal policies
TABLE OF CONTENTS
Title page
Certification
Dedication
Acknowledgement
Abstract
Table of contents
CHAPTER ONE
1.1Introduction
1.2Objective of the study
1.3Research questions
1.4Statement of hypothesis
1.5Statement of problem
1.6Significance of study
1.7Scope and limitations of the study
1.8Definition of terms
CHAPTER TWO
REVIEW OF RELATED LITERATURE
1.0Introduction
1.1Meaning of central bank
1.2The central bank Vs commercial banks
1.3The relation of CBN with other banks
1.4Central bank of Nigeria and its objectives and functions
1.5Monetary policy, meaning, objectives and instruments
1.6Fiscal policy, meaning, objectives and instruments used.
1.7Stabilization policies, objectives and conflicts,
1.8The role of CBN in stabilizing Nigeria economy
1.9Problem faced by CBN ins stabilizing Nigeria economy
CHAPTER THREE
RESEARCH DESIGNS AND METHODOLOGY
3.0Introduction
3.1Population
3.2Samples selection
3.3Description of instruments used in data collection
3.4Questionnaire
3.5Abstract
3.6Personnel interview
3.7Questionnaire distribution and control
3.8Sources of data
3.9Procedure of data Analysis
CHAPTER FOUR
PRESENTATION AND ANALYSIS OF DATA
4.0Introduction
4.1Analysis of response to questionnaire
4.2Testing and proofing of Hypothesis
CHAPTER FIVE
SUMMARY OF FINDINGS, RECOMMENDATIONS AND CONCLUSION
5.0Summary of findings
5.1Recommendations
5.2Conclusions
Questionnaire
Bibliography