Nigerian Economic Society
Hi Guest,
Home | Paper Submission | Signup |
      
Providing intellectual leadership in economic management in Nigeria
The Global Economic Crisis: Impact on Nigeria and Policy Responses of Government

The Global Economic Crisis: Impact on Nigeria and Policy Responses of Government

 

Abstract: The global economy witnessed food and fuel price shocks in 2007. These were followed by financial shocks in September/October 2008, triggered by the collapse in the mortgage lending market in USA. Due to the interconnectedness of financial systems of advanced countries, this soon spread to Europe and some emerging countries. Nigeria, being a frontier market, despite its limited integration with global financial markets, suffered some of the effects associated with the global financial crisis. This is reflected in low and declining growth rate, declining capital inflows and export earnings, exchange rate depreciation, collapse of stock prices, and manifestation of structural weaknesses in the economy, particularly its banking and financial system and overdependence on the oil sector. In response, government implemented fiscal and monetary stimulus packages as well as capital and banking sector reforms. Some of these are beginning to have positive effects, particularly on the stock market, where stock prices are recording some improvement. It is early yet to assess the impact on other key economic indicators.

Price: N100.00 | Add to cart
 

 

 

Login

Forget password? | Signup for Free!
Note: You must signup your email and create a password before you can register as an NES member
 

Latest News

CALL FOR ABSTRACT

65th ANNUAL CONFERENCE ANNOUNCEMENT 16th – 18th September 2024 Venue: Abuja, FCT, Nigeria ...read more


2023 NES PhD THESIS COMPETITION WINNERS

The Nigerian Economic Society It is with great pleasure that The Nigerian Economic Society (NES) ...read more


NIGERIAN ECONOMIC SOCIETY: PRESS RELEASE

The Nigerian Economic Society Elects New Governing Council Members During Its 64th Annual Conference...read more


NES 64TH ANNUAL CONFERENCE VENUE

Shehu Musa Yar’Adua Conference Centre, Central Area, FCT Abuja....read more


List of Hotels for the 2023 Annual Conference

Hotels address near Yar'Adua Conference Centre A. Price Range from N30, 000 and above: 1. Abuj...read more


Account details

Please, all payments in favour of the Nigerian Economic Society (NES) should be paid into our accoun...read more


E-Mail Subscription

VoguePayVisaMasterCard