THE EFFECTS OF MONEY SUPPLY ON INTESEST RATE IN NIGERIA (1988 – 2010)
THE EFFECTS OF MONEY SUPPLY ON INTESEST RATE IN NIGERIA (1988 – 2010)
dc.contributor.author | YUNANA, TITUS WUYAH | |
dc.date.accessioned | 2014-03-03T08:41:14Z | |
dc.date.available | 2014-03-03T08:41:14Z | |
dc.date.issued | 2011-07 | |
dc.description | A THESIS SUBMITTED TO THE POST-GRADUATE SCHOOL, AHMADU BELLO UNIVERSITY, ZARIA IN PARTIAL FULFILMENT OF THE REQUIREMENT FOR THE AWARD OF DEGREE OF MASTERS OF SCIENCE (ECONOMICS) JULY, 2011 | en_US |
dc.description.abstract | This thesis work examines the effects of money supply on interest rates in Nigeria from 1988 – 2010, by applying the vector Auto-regression approach. The choice of this period is to enable us focus strictly on the era of market-based monetary regime in Nigeria. The results confirm a negative effect of money supply on interest rates. This result relies on the liquidity frame theory. While, fiscal deficits indicated a positive relation with interest rate. The granger causality indicated a bilateral relation between money supply and interest rate. It is recommended that for government to stimulate investment for economic growth, they should reduce interest rate by expanding money supply. The government should also discouraged unnecessary spending to bring down interest rate. Moreover, where deficit financing is inevitable, it should be put into productive activities in order to create more employment opportunities, raise national output, and increase the living standard of the people | en_US |
dc.identifier.uri | http://hdl.handle.net/123456789/3025 | |
dc.language.iso | en | en_US |
dc.subject | EFFECTS, | en_US |
dc.subject | MONEY SUPPLY, | en_US |
dc.subject | INTESEST, | en_US |
dc.subject | RATE, | en_US |
dc.subject | NIGERIA | en_US |
dc.title | THE EFFECTS OF MONEY SUPPLY ON INTESEST RATE IN NIGERIA (1988 – 2010) | en_US |
dc.type | Thesis | en_US |
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