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Interest Rate Behaviour and Nigerian Financial Sector Growth: A Relationship Analysis

Author

Listed:
  • Ayodele Damilola Ogunlokun

    (Federal Polytechnic Nigeria)

  • Taiwo Oguntuase

    (Federal Polytechnic Nigeria)

Abstract

The behavioral effect of interest rates was investigated in this study. From secondary sources, the study collected quantitative data from 1987 to 2020. The modeled the growth of the financial sector, proxy by the real Gross Domestic Product of the sector as a linear function interest rate, proxy by lending interest rate, deposit interest rate, monetary policy rate and treasury bill rate.

Suggested Citation

  • Ayodele Damilola Ogunlokun & Taiwo Oguntuase, 2023. "Interest Rate Behaviour and Nigerian Financial Sector Growth: A Relationship Analysis," Acta Universitatis Danubius. OEconomica, Danubius University of Galati, issue 19(2), pages 223-257, April.
    • Handle: RePEc:dug:actaec:y:2023:i:2:p:223-257
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