International records / OpenAlex research
The Interplay of CBN Liquidity Provision, Incentive-Driven Risk Behavior, and Market-Institutional Perceptions in Monetary Policy Transmission
This study investigates the interplay of central-bank liquidity provision, incentive-driven risk behavior, and market-institutional perceptions in the transmission of monetary policy in Nigeria, with a specific focus on the discount-window facility of the Central Bank of Nigeria (CBN). The research is motivated by the ongoing debate about whether the CBN’s liquidity operations merely serve as a safety net or whether they can be leveraged to influence bank profitability and risk-taking, especially in the context of the 2024 recapitalization requirement that mandates Nigerian banks to raise thei…
