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| Author | : Angel Okonkwo |
| Publisher | : GRIN Verlag |
| Total Pages | : 68 |
| Release | : 2021-10-18 |
| Genre | : Business & Economics |
| ISBN | : 3346516156 |
Download Effects of Financial Sector Reforms on Economic Growth. The Case of Nigeria Book in PDF, ePub and Kindle
Research Paper (undergraduate) from the year 2019 in the subject Business economics - Banking, Stock Exchanges, Insurance, Accounting, grade: 4.60, , course: Banking and Finance, language: English, abstract: The objectives of this study includes to examine the effects of banking sector reforms on bank performance, savings, investments, developments of the Nigerian Banking System and Economic Growth. The banking sector is without no doubt a very essential part of the economy of a nation and any reforms carried out in it extend to other parts of the economy representing a transformational moment for the economy and its people. So it remains a nationwide challenge that the Nigerian banking sector and it’s reforms haven’t been able to significantly support the long-term financial needs of the real sector or facilitate the growth of the Nigerian economy The Augmented Dickey-Fuller (ADF) Test and The Phillip-Perron Test were used to test for stationarity of the variables, while the Johansen co-integration test was employed to indicate the existence of a long-run relationship among Gross Domestic Product—which acted as the Economic Growth proxy, Commercial Bank’s Capital, Commercial Bank’s Credit, and Number of Commercial Bank Branches which acted as the other variables. Secondary data was sourced from Commercial Bank Statistics, Central Bank Of Nigeria Bulletins, Nigeria Bureau Of Statistics, Statistical Bulletins for the period of 1998-2017. Conclusively, there was a positive and significant relationship betweenEconomic Growth and Banking Sector Reforms in the long run, but a negative relationship between Economic Growth and Financial Sector Reforms in the short-run. It was recommended that the government should ensure political and macroeconomic stability as the activities in all other sectors are affected by them, and that people are enlightened on the benefits of banking sector reforms so that they don’t take opposing actions against the goal of reforms.
| Author | : Charles Osondu Manasseh |
| Publisher | : |
| Total Pages | : 10 |
| Release | : 2014 |
| Genre | : |
| ISBN | : |
Download Economic Growth in Nigeria Book in PDF, ePub and Kindle
The growth of financial system, as the central hub of every economy is paramount for economic development. The reformation of the financial sector is the bedrock for building a formidable, transparent and efficient financial system that could supports the mobilisation of domestic and foreign savings for investment. Conversely, it deepens and broadens financial intermediation, and enforces strict regulations with prudential guide for increase in business activities. Thus, the aim of the study is to investigate the causal relationship between financial sector reforms and economic growth in Nigeria. The study also established the impact of financial sector reforms on economic growth to ascertain if financial sector reforms in Nigeria promote growth. To establish this, financial sector reforms is measured with the ratio of banking sector domestic credit, domestic credit to the private sector and Capital flow proxied with foreign direct investment while economic growth is captured with Per capita GDP. Using generalised linear regression method, with quarterly time series data that spans the periods 1981Q1 to 2010Q4, the following findings on granger causality test were noticed; (a) bidirectional relationship between banking sector domestic credit and per-capita GDP; (b) unidirectional causation running from foreign direct investment to per-capita GDP and; (c) unidirectional causation running from per-capita GDP to domestic credit to the private sector. However, from the findings, banking sector domestic credit and foreign direct investment are the major policy variables that can be adjusted for economic growth. Finally, the estimated regression results show that the explanatory variables accounted for approximately 63.45 percent variation in economic growth. Hence, financial sector reform promotes economic growth in Nigeria.
| Author | : Mfonobong Etokakpan |
| Publisher | : LAP Lambert Academic Publishing |
| Total Pages | : 152 |
| Release | : 2012-05 |
| Genre | : |
| ISBN | : 9783659121944 |
Download Financial Sector Reforms and Economic Growth in Nigeria (1970 - 2009) Book in PDF, ePub and Kindle
This book offers an investigation to the links between financial sector reforms and economic growth in Nigeria. It discovered the channels through which financial liberalization contributed to the economic growth in Nigeria. This book reveals that all is not well with the McKinnon and Shaw postulation as interpreted and applied to Nigerian economy. The target of achieving positive and rising real deposit rate via increase in nominal interest rate was obviously a wrong approach given the structure of the economy and the connection between the financial system. A more effective means to improve real interest rate would be through macroeconomic stabilization and fiscal reforms. However, the book revealed a linkage between financial sector and economic growth. Although the results were mixed, the estimated results reveal that changes in exchange rate affect GDP i.e. exchange rate and have significant impacts on economic growth. In addition, a positive impact in exchange rate will have a positive impact on economic growth. Hence, these results show the need to sustained reforms in the financial sector in order to enhance economic growth.
| Author | : S. Apati |
| Publisher | : Springer |
| Total Pages | : 221 |
| Release | : 2015-12-11 |
| Genre | : Business & Economics |
| ISBN | : 0230305350 |
Download The Nigerian Banking Sector Reforms Book in PDF, ePub and Kindle
This is the first comprehensive book on the politics and economics of financial sector consolidation in an emerging market in West Africa. It draws on the author's twenty years experience working with multinationals in this oil-rich zone, to address key issues and examine banking reform in one of the world's fastest-growing economies.
| Author | : Uju Akpunonu |
| Publisher | : |
| Total Pages | : 12 |
| Release | : 2019 |
| Genre | : |
| ISBN | : |
Download Effect of Financial Sector Reforms on Economic Growth in Nigeria Book in PDF, ePub and Kindle
The study examines the effect of financial (banking) sector reforms on economic growth in Nigeria from 1986-2013. Specifically, the study evaluates the extent to which bank capitalization (CAP) and interest rate (INTD) have affected economic growth in Nigeria. Secondary data were generated from various issues of Central Bank of Nigeria Statistical Bulletin, and the World Development Indicators of the World Bank. Ordinary Least Square (OLS) regression was adopted to test the two hypotheses formulated for the study. The study revealed that bank capitalization (CAP) has significantly affected economic growth in Nigeria and interest rate (INTD) has also affected economic growth significantly, though at long run. The study recommends that the CBN should build and maintain a well-articulated and properly implemented banking reforms such that will stimulate savings through high real deposit rate and lending rate which will result in financial deepening and thus, economic growth.
| Author | : José María Fanelli |
| Publisher | : Springer |
| Total Pages | : 384 |
| Release | : 1998-11-12 |
| Genre | : Business & Economics |
| ISBN | : 1349268712 |
Download Financial Reform in Developing Countries Book in PDF, ePub and Kindle
For the large number of developing countries undergoing significant structural transformations, one of the most important and controversial adjustment areas is that of the financial markets. Focusing on the role of the institutional and enabling environment within which financial reform occurs and on the integration of principles of finance with more macroeconomic approaches to the subject, the book contains case studies of reform experiences in Argentina, India, Nigeria, Turkey and Uruguay. Themes studied include the 'go slow' versus 'big bang' approach and the particular problem of bank-firm inter-linkages in Eastern Europe.
| Author | : Sylvanus I. Ikhide |
| Publisher | : |
| Total Pages | : 52 |
| Release | : 2001 |
| Genre | : Business cycles |
| ISBN | : |
Download Financial Sector Reforms, Macroeconomic Instability and the Order of Economic Liberalization Book in PDF, ePub and Kindle
| Author | : Augustus N. Gbosi |
| Publisher | : |
| Total Pages | : 344 |
| Release | : 2007 |
| Genre | : Nigeria |
| ISBN | : |
Download The Nigerian Economy and Current Economic Reforms Book in PDF, ePub and Kindle
| Author | : Charles Osondu Manasseh |
| Publisher | : |
| Total Pages | : 15 |
| Release | : 2014 |
| Genre | : |
| ISBN | : |
Download Financial Sector Development Book in PDF, ePub and Kindle
The paper examine the impact of institutional reforms on financial sector development in Nigeria using data that span the periods of 1996 to 2011. Our findings indicates that measures of institutional reform such as regulatory quality (Rqty), government effectiveness (Gef); and political stability and absence of voice (Psav) impact strongly on financial sector development (Dcps) in Nigeria, suggesting the need for institutional reforms that can promote viable regulatory system for the enhancement of contract enforcement; property right protection, corruption control; and to avoid any form of politically motivated violence, unconstitutional overthrownment and terrorism in Nigeria. The results of the causality test also show that financial sector development (Dcps) granger causes economic growth (Rgdp) in Nigeria. However, it is evident that future improvements in institutional quality in Nigeria, through initiation of all-encompassing reforms in the institutions, may promote financial sector development which may in turn promote economic growth.
| Author | : Mr.Jonathan David Ostry |
| Publisher | : International Monetary Fund |
| Total Pages | : 62 |
| Release | : 2009-10-15 |
| Genre | : Business & Economics |
| ISBN | : 1589068181 |
Download Structural Reforms and Economic Performance in Advanced and Developing Countries Book in PDF, ePub and Kindle
This volume examines the impact on economic performance of structural policies-policies that increase the role of market forces and competition in the economy, while maintaining appropriate regulatory frameworks. The results reflect a new dataset covering reforms of domestic product markets, international trade, the domestic financial sector, and the external capital account, in 91 developed and developing countries. Among the key results of this study, the authors find that real and financial reforms (and, in particular, domestic financial liberalization, trade liberalization, and agricultural liberalization) boost income growth. However, growth effects differ significantly across alternative reform sequencing strategies: a trade-before-capital-account strategy achieves better outcomes than the reverse, or even than a "big bang"; also, liberalizing the domestic financial sector together with the external capital account is growth-enhancing, provided the economy is relatively open to international trade. Finally, relatively liberalized domestic financial sectors enhance the economy's resilience, reducing output costs from adverse terms-of-trade and interest-rate shocks; increased credit availability is one of the key mechanisms.
