Effect of Monetary Policy on Foreign Trades in Nigeria

Modinat Gbemisola Adesope

Diplomová práce

Abstract:

Monetary Policy refers to the combination of measures designed to regulate the value, supply, and cost of money in an economy in consonance with the level of economic activities. It can be described as the art of controlling the direction and movement of monetary and credit facilities in pursuance of stable price and economic growth in the economy (Ashamu, 2007). Nigeria has over the years been controlling her economy through various macroeconomic policies of which monetary policy is among using some monetary policy instruments in efforts to drive along the desired path. Foreign trade as pointed by Frankel & Romer (1999) has been identified as an instrument and driver of economic growth. This is so because trade enhances the efficient production of goods and services through allocation of resources to countries that have comparative advantage in their production. In addition, its impact on a country’s economy is not limited to the quantitative gains, but also structural changes in the economy and facilitates the international capital flow.

Keywords

Monetary Policy, Foreign direct investment, Economic growth

Jazyk práce: angličtina

Datum vytvoření / odevzdání či podání práce: 3. 4. 2023

Obhajoba závěrečné práce

• Obhajoba proběhla 22. 5. 2023
• Vedoucí: Ing. Jiří Čermák, Ph.D.
• Oponent: Jiří Kchimel, externi

Česká zemědělská univerzita v Praze

Provozně ekonomická fakulta

Magisterský studijní program:
Economics and Management