Macro-Prudential Policy Instruments, Pro-Cyclicality of Capital and Bank Lending in Nigeria: From Post Global Financial Crisis

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dc.contributor.authorIwegbu, O.
dc.contributor.authorOdior, E.S.O.
dc.date.accessioned2020-03-13T08:47:43Z
dc.date.available2020-03-13T08:47:43Z
dc.date.issued2019-12
dc.descriptionStaff publicationsen_US
dc.description.abstractThis study empirically examined the tendency of macro-prudential policy in reducing the pro-cyclicality between Nigeria banks’ capital and bank loans during the post global financial crisis. The study employed the ARDL Model in estimating the model specified. The study found that macro-prudential policies help in reducing the procyclicality between bank loans and the extent of capital available for banks. And this is found to be less effective during the crisis than when the financial industry is not in crisis. Also, in the short run, capital and bank loans are countercyclical in nature and however this is reversed in the long run. The policy implication of this study is that the regulatory authority’s macro-prudential policy is effective in reducing the procyclicality between banks loans and capital adequacy of banks. Also, short term crisis does not deter banks from issuing out loans, however, in the long run, loans are greatly affected by the crisis within the system. There is a need for policymakers and the regulatory authority to focus attention on regulatory capital framework so that macro-prudential policies will have a greater impact in reducing the credit growth procyclicality and strengthen their macro-prudential supervision measures especially during the period of crisis.en_US
dc.identifier.citationIwegbu, O., & Odior, E.S.O. (2019). Macro-Prudential Policy Instruments, Pro-Cyclicality of Capital and Bank Lending in Nigeria: From Post-Global Financial Crisis. Jos Journal of Economics, 8(3), 205 – 227.en_US
dc.identifier.issn0189-0998
dc.identifier.urihttps://ir.unilag.edu.ng/handle/123456789/8111
dc.language.isoenen_US
dc.publisherJos Journal of Economicsen_US
dc.relation.ispartofseriesJos Journal of Economics;Vol.8(3)
dc.subjectMacro-prudential Policy Instrumentsen_US
dc.subjectBank’s Capitalen_US
dc.subjectBank Loansen_US
dc.subjectGlobal financial crisisen_US
dc.subjectResearch Subject Categories::SOCIAL SCIENCES::Business and economics::Economicsen_US
dc.titleMacro-Prudential Policy Instruments, Pro-Cyclicality of Capital and Bank Lending in Nigeria: From Post Global Financial Crisisen_US
dc.typeArticleen_US
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