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Re: Inflation Was Lower When CBN Governors Were Economists by RepoMan007: 8:02pm On Sep 28, 2023 |
Kukutente23:For an economy that is crude oil dependent, crude oil earnings placed side by side will have gone a long way to strengthen the point being sold to us. What was supply and demand for forex like then too? I remember Soludo capitalization of local banks with $6Bn, where is the 6Bn to do same today? I remember sanusi building billion naira projects in schools (ABU and more). Where is the fund to do those today? |
Re: Inflation Was Lower When CBN Governors Were Economists by 004gist: 8:03pm On Sep 28, 2023 |
Kukutente23: he is an economist. 3 Likes |
Re: Inflation Was Lower When CBN Governors Were Economists by RepoMan007: 8:09pm On Sep 28, 2023 |
oche2020:was there global recession under those economists? 1 Like |
Re: Inflation Was Lower When CBN Governors Were Economists by warlordd(m): 8:09pm On Sep 28, 2023 |
Soludo was a gem! Posterity will forever remember him for the positive reforms he introduced to sanitize the banking sector. 2 Likes |
Re: Inflation Was Lower When CBN Governors Were Economists by RepoMan007: 8:12pm On Sep 28, 2023 |
bigtt76:God bless you for this. 1 Like |
Re: Inflation Was Lower When CBN Governors Were Economists by thesicilian: 8:17pm On Sep 28, 2023 |
DrGoodman:If Una like, blame global warming on our not voting the fraud Obi, he will never be Nigeria's president. Not everyone is as blind as you are |
Re: Inflation Was Lower When CBN Governors Were Economists by Fujiyama: 8:35pm On Sep 28, 2023 |
SmartyPants: ^^^ OK. I'll start with your last sentence in your post I referenced initially. SmartyPants: ^^^ The very first 'object' of the CBN is 'ensuring monetary and price stability'. That's enough proof that monetary policy is not a secondary function/objective and it is certainly not simple. It is a complex, delicate balancing act that takes into account several different (sometimes contradictory) variables. Definitely not a task for someone who doesn't know what he's doing. SmartyPants: ^^^ No it is not. Banking supervision is just one of the CBN's duties. An important one no doubt - but regulation of deposit money banks is not even explicitly listed as one of the principal objects of the CBN. The principal objects listed are issuing legal tender, maintaining eternal reserves, acting as the FG's banker etc. There is even a strong argument that the CBN needs to play a much bigger development finance role than it is currently playing. 2 Likes 1 Share |
Re: Inflation Was Lower When CBN Governors Were Economists by CSTRR: 8:40pm On Sep 28, 2023 |
SmartyPants:Everything |
Re: Inflation Was Lower When CBN Governors Were Economists by RepoMan007: 8:54pm On Sep 28, 2023 |
Fujiyama:CBN is the bank of banks. The central one. He is right. CBN is monetary management and banking centred. The love of money(micro economics) has made people assume whoever control money controls the economy. That's wrong. Supply of money can affect inflation but increase in production can equally effect or negate inflation so economic and currency strength goes well beyond CBN. 1 Like |
Re: Inflation Was Lower When CBN Governors Were Economists by SmartyPants(m): 8:55pm On Sep 28, 2023 |
Fujiyama: Thanks but while you may well be right, all of this is just your opinion - and being an opinion, is not capable of making my opinion wrong. So please come with superior authorities. Even the opinions of respected subject-matter experts will be accepted as corroboration. |
Re: Inflation Was Lower When CBN Governors Were Economists by 001Lotion: 8:56pm On Sep 28, 2023 |
004gist:And who says an Economist main scope of Operations is the CBN? Some of you have no know nothing about a country's central bank but act as if it your field!! Why is the CB called the the Bank for Banks? That is because it has more to do with finance and Management than Economics. The essential roles of a central bank are to affect monetary policy, be the lender of last resort, and oversee the banking system of a nation. Why do you think someone in the banking sector won't do more than a macro economist. 1 Like |
Re: Inflation Was Lower When CBN Governors Were Economists by Christistruth03: 8:56pm On Sep 28, 2023 |
Seun: Emefiele has a Masters in Finance |
Re: Inflation Was Lower When CBN Governors Were Economists by Fujiyama: 8:56pm On Sep 28, 2023 |
RepoMan007: ^^^ I always thought the love of money was the root of all evil. When did macro economics come into that verse? |
Re: Inflation Was Lower When CBN Governors Were Economists by RepoMan007: 8:58pm On Sep 28, 2023 |
CSTRR:You are very wrong. Economy is production centred. CBN is money and banking centred. Two very different things 99.9% of people can't differentiate. 2 Likes |
Re: Inflation Was Lower When CBN Governors Were Economists by Fujiyama: 9:01pm On Sep 28, 2023 |
SmartyPants: ^^^ This isn't my opinion. Its straight from the CBN Act - the law establishing the CBN. My opinions have nothing to do with it. A web search of the CBN's own website will set you straight. 1 Like |
Re: Inflation Was Lower When CBN Governors Were Economists by eitsei(m): 9:04pm On Sep 28, 2023 |
CSTRR:lolz.. Christine Lagarde former IMF and current European central bank is a Lawyer it's not about whether they are developed or not, your claim is wrong |
Re: Inflation Was Lower When CBN Governors Were Economists by SmartyPants(m): 9:06pm On Sep 28, 2023 |
Fujiyama: Seems you're right. Fairs. |
Re: Inflation Was Lower When CBN Governors Were Economists by 001Lotion: 9:08pm On Sep 28, 2023 |
spy24:Please explain to me how Banking is Marketing. |
Re: Inflation Was Lower When CBN Governors Were Economists by DrGoodman: 9:12pm On Sep 28, 2023 |
MRMRMR: What attracted hate for Jonathan? Maybe Obidients? Just know that its only you that has been deceived. |
Re: Inflation Was Lower When CBN Governors Were Economists by DrGoodman: 9:14pm On Sep 28, 2023 |
jahsharon: Whatever can a drug baron supporter do but insult people online, e dey una blood. 1 Like
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Re: Inflation Was Lower When CBN Governors Were Economists by Kay25(m): 9:17pm On Sep 28, 2023 |
It started from the useless economics of false and was better under the banker called sanusi th former first bank managing director sonur assumption is wrong |
Re: Inflation Was Lower When CBN Governors Were Economists by CSTRR: 9:25pm On Sep 28, 2023 |
eitsei:No, it's not. The majority of the Central Bank heads of the United States and even the UK have background in economics. Serious background, infact. The vast majority of them. Because they appointed one outlier due to politics does not change anything. 1 Like |
Re: Inflation Was Lower When CBN Governors Were Economists by Kukutente23: 10:08pm On Sep 28, 2023 |
RepoMan007:Spot on. The angle of claim is just too narrow 2 Likes 1 Share |
Re: Inflation Was Lower When CBN Governors Were Economists by Chetas81(m): 10:10pm On Sep 28, 2023 |
BrickDevo:I KNOW THAT IS WHY I SAID SOE |
Re: Inflation Was Lower When CBN Governors Were Economists by vanitybutiwanti: 10:30pm On Sep 28, 2023 |
It has nothing to do with having an Economist as CBN governor, Nigerians don't think, the problem is over population with little or no jobs for the teeming population, how many companies did the so called economist attract to Nigeria when they held sway? Why didn't the economist prioritize uninterrupted power generation and supply when they were CBN governors? Those guys were just lucky to serve at a time when our economy was booming and awash with lots of cash. One of them is governor in Nigeria today, let him replicate the 'feats' he attained as CBN governor in his State. 2 Likes |
Re: Inflation Was Lower When CBN Governors Were Economists by grandstar(m): 10:44pm On Sep 28, 2023 |
Okiton: Wetin concern mathematician or statistician with CBN governorship? 1 Like |
Re: Inflation Was Lower When CBN Governors Were Economists by InvertedHammer: 11:08pm On Sep 28, 2023 |
VeeVeeMyLuv:/ Jerome Powell is an economist but US economy is struggling as well with high inflation. Right now he is still fighting inflation with raising interest rate. Ben Bernanke instituted Quantitative Easing. US was in recession in 2008 and another economist was the Fed Chairman. What will be will be. / 1 Like |
Re: Inflation Was Lower When CBN Governors Were Economists by HelpMeee: 11:08pm On Sep 28, 2023 |
Seun:Likely,but I'd say this is not enough sample to arrive at a conclusion. |
Re: Inflation Was Lower When CBN Governors Were Economists by MRMRMR: 1:14am On Sep 29, 2023 |
DrGoodman:Jonathan was voted out olodo. Except you believe that any politician who loses election is hated. Anyway pitobi didn't just lose, he was given a lesson on political strategy 101 by Prof BAT 1 Like |
Re: Inflation Was Lower When CBN Governors Were Economists by 004gist: 2:54am On Sep 29, 2023 |
001Lotion:the role of the central banks goes beyond that. they help manage unemployment, they help stabilise prices at the aggregate level, most importantly they help the foreign exchange market to be stable through various policies, interest rate stability, and also spurs economic growth. it goes beyond micro economics.. economics at individual level to macros economics. tell me what does a marketer knows about economic modelling, what does he knows about exploring various advanced economic theories? what does he know about econometrics at the advanced stages when we are dealing models that has to do with single explanatory variables and multiple explained variables. an economist has been trained on various economic theories which guide them through just like an engineer will fully rely on theories like that of einstein theory of relativity... that guides them. the way an accountant sees cost is not the way an economist see cost. the way an economics sees linear regression is different from the way a statisticians see it. while to a statistician every data is static, in econometrics its assumed that it is not soo rather there are is an error term u or e known as disturbances y= a+bY+u in a simple economic model the bankers are interested in more on money market where they seeks to make profits within few months or typically under a year. while an economist will rather look at long term goals and objective... the money market is not the only aspect of an economy. business management, projects management, banking and finance have their specialisation but not a substitute for an economist. an economist is trained to master R, STATA, SPSS etc which economic data can be analyse and given best interpretation. if you have done specialisation on MSc level... as regards economics then you won't say what you just said |
Re: Inflation Was Lower When CBN Governors Were Economists by Bizibi(m): 4:23am On Sep 29, 2023 |
001Lotion:nah!!! That position is for economists not bankers. |
Re: Inflation Was Lower When CBN Governors Were Economists by seguno2: 4:39am On Sep 29, 2023 |
Seun: Please how exactly is Sanusi an economist |
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