Causes of Interest Rate Volatility and its Economic Implications in Nigeria
The paper explored causes of interest rate volatility and its implications on the socio-economic development of Nigeria for the year 2000–2005 periods. Its objective had been the provision of a deeper understanding of the causes of interest rate volatility and whether this has effects on the Nigerian economy. Data for this study were mainly collected from secondary sources and have been log- linearised. An econometric model specification was then built and E-View 5.0 software was used in computing the data regression analysis. Findings of the study were drawn and indicated the relationship between the dependent variable (interest rate) and independent variables (money supply and required reserve ratio). The research study was concluded with a detailed discussion and recommendations based on the findings.
Volume (Year): 3 (2013)
Issue (Month): 4 (October)
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References listed on IDEAS
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- Godwin Nwaobi, 2002.
"A vector error correction and nonnested modeling of money demand function in Nigeria,"
AccessEcon, vol. 3(4), pages 1-8.
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- Richard Clarida & Jordi Gali & Mark Gertler, 1997. "Monetary Policy Rules in Practice: Some International Evidence," NBER Working Papers 6254, National Bureau of Economic Research, Inc.
- Clarida, Richard & Galí, Jordi & Gertler, Mark, 1997. "Monetary Policy Rules in Practice: Some International Evidence," CEPR Discussion Papers 1750, C.E.P.R. Discussion Papers.
- repec:ebl:ecbull:v:3:y:2002:i:4:p:1-8 is not listed on IDEAS
- Emmanuel Anoruo, 2002. "Stability of the Nigerian M2 Money Demand Function in the SAP Period," Economics Bulletin, AccessEcon, vol. 14(3), pages 1-9. Full references (including those not matched with items on IDEAS)