Developments in the financial system during the second quarter of 1988.

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dc.contributor.authorDomestic Finance Division, Research Department
dc.date.accessioned2018-11-19T14:47:57Z
dc.date.available2018-11-19T14:47:57Z
dc.date.issued1988-06
dc.description.abstractDevelopments during the quarter were characterized by further growth in monetary aggregates as the impact of the 1988 reflationary package continued to manifest itself in the economy. Thus, the narrow measure of money (M1) rose further by 6.3 per cent due largely to the expansion in bank credit to the economy. The attractive yield on financial savings continued to influence the growth in quasi money which, together with M1, caused the broad money (M2) to rise by 6.9 per cent during the quarter. The numerical expansion of financial houses received a boost during the quarter following the establishment of four banks (two commercial and two merchant) and nine stock brokerage firms. The paper shows that developments in the capital market was mixed, while activities in the new issues market showed moderate growth, the secondary rnarket witnessed a decline.en_US
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dc.description.provenanceMade available in DSpace on 2018-11-19T14:47:57Z (GMT). No. of bitstreams: 1 Developments in the financial system during the second quarter of 1988.pdf: 2849841 bytes, checksum: 1439088132c9bca6a51d741e83b2d842 (MD5) Previous issue date: 1988-06en
dc.description.sponsorshipCentral Bank of Nigeriaen_US
dc.identifier.citationResearch Department, Domestic Finance Division (1988). Developments in the financial system during the second quarter of 1988. CBN Economic and Financial Review, 26(2), 1-7.en_US
dc.identifier.issn1957 - 2965
dc.identifier.urihttp://repo.cbn.gov.ng/jspui/handle/123456789/617
dc.language.isoenen_US
dc.publisherCentral Bank of Nigeria, Research Department.en_US
dc.relation.ispartofseriesVol. 26;No. 2
dc.subjectCapital market,en_US
dc.subjectCentral Bank of Nigeria,en_US
dc.subjectCommercial banking,en_US
dc.subjectMerchant banking,en_US
dc.subjectFinancial markets.en_US
dc.titleDevelopments in the financial system during the second quarter of 1988.en_US
dc.typeArticleen_US

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