Download Tag: MONEY DEMAND

ABSTRACT The research work examined the Effect of Interest Rate on Investment and Money Demand in Nigerian Economy for the year 2005  –  2014. The research adopted ex-post facts research design. Data for this study were mainly collected from secondary sources and were garthered through Central Bank of Nigeria (CBN) and Federal Office of Statistics (FOS). An econometric model specification was then built and SPSS 20.0 software was used in computing the data regression analysis. Findings of ...

ABSTRACT The study investigated the impact of financial sector reform on money demand and the rate of economic growth in Nigeria. The residual based autoregressive distributed lag-error correction model (ARDL-ECM) was used to analyse the study with a time series data sourced from the central bank of Nigeria statistical bulletins and World Bank Development Indicators records covering a period of 1970-2013. A dummy variable was created to represent the financial ...

ABSTRACT The paper investigated the empirical relationship between broad definition of money, real income, interest rates, expected inflation and expected exchange rate and examined the constancy of this relationship in the light of economic reforms that had taken place in Nigeria since 1987. The study confirms a long-run relationship between real balances, income, interest rates, and inflation. The significance of foreign interest rate and expected exchange rate indicates the presence ...