EFFECTS OF MONEY SUPPLY ON SELECTED MONETARY VARIABLES IN NIGERIA (1986 – 2016)

Simple item page
dc.contributor.authorUgwu, Donatus Okafor
dc.date.accessioned2023-12-10T17:53:53Z
dc.date.available2023-12-10T17:53:53Z
dc.date.issued2018-09-12
dc.descriptionDissertationen_US
dc.description.abstractThere exists divergence of opinions in the literature on the relationship between money supply and monetary variables. The mix of opinions makes the direction of their relationship ambiguous. This study investigated the effects of money supply on inflation rate, interest rate and exchange rate in Nigeria. Money supply (MS) is the independent variable while monetary variables are the dependent variables. The study covered the period of thirty-one years from 1986 to 2016. The study adopted ex-post facto research design. Secondary data were sourced from the CBN Statistical Bulletin. Analyses were carried out using Ordinary Least Squares, Simple Linear Regression Model, Augmented Dickey-Fuller unit root test, Johansen co-integration test and Error Correction Mechanism (ECM). The results from the analysis revealed insignificant effect between money supply and inflation rate as well as insignificant effect between money supply and interest rate, while money supply is significantly related to exchange rate in Nigeria. In line with the findings, the study recommended among others that monetary authorities should continue to pursue stable and predictable monetary and fiscal policies, since money had played greater role in exchange rate variations. It is imperative to state that, achieving this would go a long way in ensuring that the CBN achieves its mandate of maintaining price and monetary stability, as well as sustained economic growth.en_US
dc.identifier.citationA DISSERTATION SUBMITTED TO THE SCHOOL OF POSTGRADUATE STUDIES, NASARAWA STATE UNIVERSITY, KEFFI, IN PARTIAL FULFILMENT OF THE REQUIREMENTS FOR THE AWARD OF DEGREE OF MASTER OF SCIENCE IN FINANCEen_US
dc.identifier.urihttps://keffi.nsuk.edu.ng/handle/20.500.14448/991
dc.language.isoenen_US
dc.publisherDEPARTMENT OF BANKING AND FINANCE FACULTY OF ADMINISTRATION NASARAWA STATE UNIVERSITY KEFFI NIGERIAen_US
dc.titleEFFECTS OF MONEY SUPPLY ON SELECTED MONETARY VARIABLES IN NIGERIA (1986 – 2016)en_US
dc.typeThesisen_US

Files

Original bundle
Now showing 1 - 1 of 1
Thumbnail Image
Name:
EFFECTS OF MONEY SUPPLY ON SELECTED MONETARY VARIABLES IN NIGERIA .pdf
Size:
1001.61 KB
Format:
Adobe Portable Document Format
Description:
Thesis and Dissertation
Download
License bundle
Now showing 1 - 1 of 1
No Thumbnail Available
Name:
license.txt
Size:
1.71 KB
Format:
Plain Text
Description:
Download

Collections

Thesis and Dissertations