Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/306728 
Year of Publication: 
2022
Citation: 
[Journal:] CBN Journal of Applied Statistics [ISSN:] 2476-8472 [Volume:] 13 [Issue:] 1 [Year:] 2022 [Pages:] 1-26
Publisher: 
The Central Bank of Nigeria, Abuja
Abstract: 
This study investigates the impact of monetary policy on banking sector stability in Nigeria, utilizing quarterly data for the period 2007Q1 to 2021Q4. The study employs the autoregressive distributed lag (ARDL) bounds testing approach to coin- tegration. Results show that a long run relationship exist between banking sector stability and monetary policy in Nigeria. Furthermore, monetary policy rate, liquidity ratio, and cash reserve ratio are found to enhance banking sector stability. The study recommends, among others, that cash reserve and liquidity ratios should be kept at levels that will prevent excess liquidity in the system.
Subjects: 
Banking sector stability
financial system
monetary policy
JEL: 
E44
E52
E58
Persistent Identifier of the first edition: 
Document Type: 
Article

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