IMPACT OF INTEREST RATE LIBERALISATION ON SELECTED MACROCONOMIC INDICATORS IN NIGERIA
ABSTRACT This research examines the impact of interest rate liberalisation on selected macro-economic indicators in Nigeria. Employing ex-post factor design and using GDP per capita as growth indicator, Total Financial Savings (TFS) as a proxy for savings and Credit to Private Sector as a proxy for investment. The research established a negative relationship between interest rate liberalisation on economic growth, savings and investment which were represented by indices calculated using ...
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