Banking and Finance
At the Banking And Finance department office
Appointment on Visitation important
Topic: MONETARY POLICY AND CORPORATE FINANCE
MONETARY POLICY AND CORPORATE FINANCE: Since I obtained my M.Sc. and Ph.D. Degree, I have concentrated Research in the area of Monetary Policy and how it affects the economy growth in an emerging economy. I have conducted a number of research in the following areas: (i) The impact of monetary Policy measures on Bank credit. (ii) The impact of monetary policy instruments on Bank profitability (iii) Bank lending and monetary policy: Evidence from Deposit money Banks (DMBs) in Nigeria (iv) A comparative Analysis of the impact of Exchange rate volatility on the Export Nigeria and Ghana.Findings from these research have been presented at national and international conferences and most of these articles have been published in reputable both local and international journal.In addition I also contributed to knowledge in the area of Corporate Finance.
|1.||Postdoctoral Fellow (Finance)||University of KwaZulu-Natal, Durban, South Africa||2013|
The Impact of Monetary Policy instruments on Bank Profitability.
The Impact of Monetary Policy instruments on Bank Profitability. The study was undertaken to examine the impact of monetary policy instruments on banks profitability. To achieve the research objective, a wide range of literature review was undertaken. The researcher adopted the Ordinary Least Square (OLS) methodology to analyze the relationship among the variables. A time series and cross sectional data that spans 35 years were used for the analysis to evaluate the relationship between monetary policy instruments and banks profitability between. The findings reveal among other things that there is a significant relationship between the three independent variables which are interest rate, cash reserve ratio and liquidity ratio and the dependent variable which is profit after tax. At 0.05 significant levels, it is evident that the three independent variables impacts profitability within the time specified, the study recommends that the central bank of Nigeria should re-define monetary instruments to make them more attractive to the banks, this will make banks to embrace them beyond mere coercion. Also, banks should keep considerable amount of their liquid asset in other to get higher rate of profit and government should adopt monetary policies that will help Nigeria deposit money banks to improve on their profitability Lastly, banks in Nigeria should avail themselves of the additional benefit of profit enhancement components of minimum re-discount rate for better implementation and banks management must effectively manage their portfolio in other to protect the long run interest of profit making.
ASHAMU SIKIRU is a Professor at the Department of Banking and Finance
ASHAMU has a Postdoctoral Fellow in Finance from University of KwaZulu-Natal, Durban, South Africa