Description |
1 online resource (36 pages) : color illustrations |
Series |
IMF country report ; no. 08/65 |
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IMF country report ; no. 08/65.
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Contents |
Cover; Contents; I. Nigerian Inflation: A Structural Model for Policy Analysis; A. The Model; B. Assumptions on Equilibrium Values; C. Baseline Forecast; D. Risk Analysis; E. Conclusions; Figures; I.1. Model Diagram; I.2. Equilibrium Values; I.3. Baseline Scenario; I.4. Fiscal Expansion Scenario; I.5. Naira Appreciation Scenario; I.6. High Food Price Scenario; References; Appendices; I.A1. Complete Model Equations; I.A2. Calibration; II. Banking Sector Stability Following Consolidation; A. Recent Developments; Tables; II. 1. Bank Groups; B. Bank Soundness; II. 2. Portfolio Quality by Group |
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II. 3. Financial Soundness Indicators for the Banking Sector, 2004-07C. Stress Tests; II. 4. Comparator Countries: Financial Soundness Indicators, 2007; Boxes; II. 1. Stress Tests: Methodology and Results; II. 5. Sensitivity to Credit Risk; II. 6. Sensitivity to Interest Rate Risk; D. Emerging Risks and Vulnerabilities; E. Banking Supervision; F. Conclusions |
Summary |
1. Macroeconomic conditions in Nigeria have improved in recent years. Inflation has fallen to single digits. An oil-price-based fiscal rule has helped contain government spending to levels consistent with macroeconomic stability. Financial markets have developed; the maturity structure of the domestic bond market is longer and the size and importance of the interbank foreign exchange market have increased, resulting in a more flexible exchange rate. These developments augur well for the implementation of monetary policy |
Notes |
"February 2008"--Cover |
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"Prepared by a staff team of the International Monetary Fund as background documentation for the periodic consultation with this member country." |
Bibliography |
Includes bibliographical references |
Notes |
Print version record |
Subject |
Inflation (Finance) -- Nigeria
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Banks and banking -- Nigeria
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Banks and banking
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Economic history
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Economic policy
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Inflation (Finance)
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SUBJECT |
Nigeria -- Economic policy
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Nigeria -- Economic conditions -- 1970-
http://id.loc.gov/authorities/subjects/sh85091861
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Subject |
Nigeria
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Form |
Electronic book
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Author |
Swaray, Stephen, author
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Moyo, Jennifer, author
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International Monetary Fund, issuing body.
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ISBN |
128089508X |
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9781280895081 |
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9781452736570 |
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145273657X |
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9781452752808 |
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145275280X |
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