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Financial Structure and Economic Development in Nigieria

Author

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  • Olusegun Olowe

    (Departament Of Banking & Finance Covenant University, Ota)

Abstract

In this study , the measurement of the Nigerian financial interrelation ratio was considered in line with the structure and development of financial system between 1999 and 2008 with a view to examining the incidences of the financial liberalization . The financial intermediation role for Nigeria on current basic prices was computed to determining the extent of stability and /or positive cum negative changes. This is to ensure the involvement of government as well as the degree of financial institutions’ involvement in the economic growth and development of the country. In essence, the results of this study will be of relevance to formulate and execute policy formulation in its entirety. The result of the study revealed a pure neglect in the country with emphasis on financial intermediation. The earlier we put an enhanced financial structure in place, , the better for the economy.

Suggested Citation

  • Olusegun Olowe, 2012. "Financial Structure and Economic Development in Nigieria," Manager Journal, Faculty of Business and Administration, University of Bucharest, vol. 15(1), pages 83-91, May.
  • Handle: RePEc:but:manage:v:15:y:2012:i:1:p:83-91
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    References listed on IDEAS

    as
    1. Dean F. Amel & Colleen Barnes & Fabio Panetta & Carmelo Salleo, 2002. "Consolidation and efficiency in the financial sector: a review of the international evidence," Finance and Economics Discussion Series 2002-47, Board of Governors of the Federal Reserve System (U.S.).
    2. Dean Amel & Colleen Barnes & Fabio Panetta & Carmelo Salleo, 2002. "Consolidation and efficiency in the financial sector: a review of the international evidence," Temi di discussione (Economic working papers) 464, Bank of Italy, Economic Research and International Relations Area.
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    More about this item

    Keywords

    economic development; Nigeria; emerging market;

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