EFFECT OF MONETARY POLICY ON THE PERFORMANCE OF THE NIGERIAN STOCK EXCHANGE

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dc.contributor.authorDamina, Emmanuel Kukah
dc.contributor.authorPaul, Vincent
dc.contributor.authorAgu, Monica Nnenna
dc.date.accessioned2023-12-11T13:06:31Z
dc.date.available2023-12-11T13:06:31Z
dc.date.issued2019-02-02
dc.description.abstractThe study examined the effect of monetary policy on the performance of the Nigerian stock exchange from 1991 to 2017 and the study adopts ex post facto research design. Monetary policy was measured by monetary policy rate and consumer price index while performance was measured by all share index and Panel multiple regression. The study concludes that consumer price index has significant effect on All Share Index. Also, monetary policy rate has negative significant effect on All Share Index, which indicates that monetary policy rate will decrease performance of Nigeria stock exchange. The study recommends that the increase in the monetary policy rates may spike increased interest rates, which may further derail the flow of funds into the stock market. The Central Bank of Nigeria should be cautious in fixing the Monetary Policy Rates to avoid increasing the cost of capital to investors. Furthermore, the exchange rates policy should be effective and consistent enough to motivate foreign investments in the Nigerian Stock Exchange.en_US
dc.identifier.citationAgu, M.N. et. al. (2019). EFFECT OF MONETARY POLICY ON THE PERFORMANCE OF THE NIGERIAN STOCK EXCHANGEen_US
dc.identifier.urihttps://keffi.nsuk.edu.ng/handle/20.500.14448/2281
dc.language.isoenen_US
dc.publisherDepartment of Entrepreneurship Studies, Nasarawa State University Keffien_US
dc.subjectMonetary Policy, Performance, All Share Index, Monetary Policy Rate, Consumer Price Indexen_US
dc.titleEFFECT OF MONETARY POLICY ON THE PERFORMANCE OF THE NIGERIAN STOCK EXCHANGEen_US
dc.typeBooken_US

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