Interest rates behaviour under a programme of financial reform: the Nigerian case

Simple item page
dc.contributor.authorOresotu, F.O.
dc.date.accessioned2018-10-18T14:15:27Z
dc.date.available2018-10-18T14:15:27Z
dc.date.issued1992-06
dc.description.abstractThis paper is an attempt to investigate the determinants of interest rates in Nigeria since the introduction of the deregulatory measures in 1987. Both the external and domestic factors were taken into account since Nigeria cannot be regarded as a closed economy. The major finding of the paper is that the most important factor affecting nominal lending rate in Nigeria is the persistent exchange rate depreciation. The identified channel of causation is the demand for money, especially for transactions purposes, which increases as the exchange rate depreciates, putting pressure on domestic liquidity. Institutional factors also explain a significant proportion of the variations in interest rates. The Fisher effect does not appear to be a major factor in interest rate determination as the expected inflation rate variable was not statistically significant.en_US
dc.description.provenanceSubmitted by Joe Long (joelongshak@gmail.com) on 2018-10-09T14:03:35Z No. of bitstreams: 1 Interest rate behaviour under a programme of financial reform the nigerian case.pdf: 2703500 bytes, checksum: eb631a8015e4d1c719948e47fdeb3949 (MD5)en
dc.description.provenanceApproved for entry into archive by Ifeanyichukwu Ohaju (ifohaju@gmail.com) on 2018-10-18T14:14:28Z (GMT) No. of bitstreams: 1 Interest rate behaviour under a programme of financial reform the nigerian case.pdf: 2703500 bytes, checksum: eb631a8015e4d1c719948e47fdeb3949 (MD5)en
dc.description.provenanceApproved for entry into archive by Ifeanyichukwu Ohaju (ifohaju@gmail.com) on 2018-10-18T14:15:21Z (GMT) No. of bitstreams: 1 Interest rate behaviour under a programme of financial reform the nigerian case.pdf: 2703500 bytes, checksum: eb631a8015e4d1c719948e47fdeb3949 (MD5)en
dc.description.provenanceMade available in DSpace on 2018-10-18T14:15:27Z (GMT). No. of bitstreams: 1 Interest rate behaviour under a programme of financial reform the nigerian case.pdf: 2703500 bytes, checksum: eb631a8015e4d1c719948e47fdeb3949 (MD5) Previous issue date: 1992-06en
dc.description.sponsorshipCentral Bank of Nigeriaen_US
dc.identifier.citationOresotu, F. O. (1992). Interest rates behaviour under a programme of financial reform: the Nigerian case, Economic and Financial Review, (EFR), 30(2),109-127en_US
dc.identifier.issn1957-2968
dc.identifier.urihttp://repo.cbn.gov.ng/jspui/handle/123456789/411
dc.language.isoenen_US
dc.publisherCentral Bank of Nigeria, Research Department.en_US
dc.relation.ispartofseriesVol. 30;No. 2
dc.subjectInterest ratesen_US
dc.subjectFinancial reformsen_US
dc.subjectNigeriaen_US
dc.subjectNigerian economyen_US
dc.subjectDeregulationen_US
dc.subjectLending rateen_US
dc.subjectFisher effecten_US
dc.subjectExchange rate depreciationen_US
dc.subjectInflation rateen_US
dc.titleInterest rates behaviour under a programme of financial reform: the Nigerian caseen_US
dc.typeArticleen_US

Files

Original bundle
Now showing 1 - 1 of 1
Thumbnail Image
Name:
Interest rate behaviour under a programme of financial reform the nigerian case.pdf
Size:
2.58 MB
Format:
Adobe Portable Document Format
Description:
Download
License bundle
Now showing 1 - 1 of 1
No Thumbnail Available
Name:
license.txt
Size:
1.61 KB
Format:
Item-specific license agreed upon to submission
Description:
Download

Collections

Economic and Financial Review