Research Journal of Economics

All submissions of the EM system will be redirected to Online Manuscript Submission System. Authors are requested to submit articles directly to Online Manuscript Submission System of respective journal.

Ananwude ACand Akuesodo OE Author

Subjects of specialization
Monetary policy,Capital market,Causality

Affiliation
Department of Banking and Finance, Nnamdi Azikiwe University, Nigeria

Biography

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


Publications

Research Article Open Access

Monetary Policy and Capital Market Performance: An Empirical Evidence from Nigerian Data

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»

Abstract HTML PDF



Social Media


Google Scholars / Researchers Sites

GET THE APP