Accounting Information And Monetary Policy Development In Nigeria

CHAPTER 1 INTRODUCTION 1 1.Background of the Study Monetary policy deals with the discretionary control of money supply by the monetary authorities in order to achieve the desired economic goals. However, there are two views on the efficiency of monetary policy, and these are the Monetarist and Keynesian view. The Keynesian view is that monetary policy should be directed towards interest rates rather than money supply and that the monetary policy should be subsidiary to fiscal policy (Cole, 2007). Whiles the Monetarist also recommends that the control of money supply should be the main concern…