Ananwude ACand Akuesodo OE Author
Subjects of specialization
Affiliation
Monetary policy,Capital market,Causality
Department of Banking and Finance, Nnamdi Azikiwe University, Nigeria
Ananwude ACand Akuesodo OE belong to Department of Banking and Finance, Nnamdi Azikiwe University, Nigeria. He published more than 15 Articles: 1. Muktadir-Al-Mukit D (2013) An econometric analysis of the impact of monetary policy on stock market performance in Bangladesh. World Rev Bus Res 3: 16-29
Research Article Open Access
Author(s): Echekoba FN, Okaro CS, Ananwude AC and Akuesodo OE
This study utilized time series data to determine the effect of monetary policy on the performance of Nigerian capital market. The study was motivated by the inconclusive debate on the real effect of monetary policy on capital market performance. Specifically, this study ascertained the effect of monetary policy rate and cash reserve ratio on the performance of Nigerian capital market surrogated by all share index. Secondary data for the period 1986 to 2016 were collected from the Nigerian Stock Exchange and Central Bank of Nigeria annual reports of various editions. The study applied the Ordinary Least Square (OLS) regression technique and causality analysis in which variations in all share index was regressed on monetary policy rate and cash reserve ratio. The analysis revealed that m... view moreĀ»