Nto Philips O. O.'s scientific contributions
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Publications (2)
The study examined the influence of monetary policy variables on banks' credit supply to small and medium scale enterprises (SMEs) in Nigeria. Time series data which were collected on quarterly basis were elicited from the Central Bank of Nigeria (CBN) Statistical bulletin and financial statements for five commercial banks. The data covered a perio...
Citations
... Small and Medium Enterprises (SMEs) play an important role in the economic growth and development of any nation (Nto and Acha, 2012). According to (Kpelai, 2009), they are the engine room for the growth of any developing economy. ...
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... Therefore, this alludes to the critical role of money supply as a major tool of monetary policy actions. NTO Philips, Mbanasor, Osuala (2012) asserted that apart from various forms interventions, the CBN had been constantly reviewing monetary policy instruments such as cash reserve ratio (CRR) and liquidity ratio (LR) in other to ensure accessibility of credit and likewise enhance liquidity in the banking system which will trickledown increase in accessibility of credit to SMEs and therefore, lessen the crippling effect on the crises in Nigerian economy. Surprisingly, monetary policy action has not been consistent in promoting expected economic growth. ...
