Determinants of financial deepening in Nigeria

dc.contributor.authorAbdullahi, Ibrahim B.
dc.contributor.authorEtudaiye-Muhtar, O.F
dc.contributor.authorAbdulkadir, Rihanat Idowu
dc.date.accessioned2021-02-17T12:45:30Z
dc.date.available2021-02-17T12:45:30Z
dc.date.issued2013
dc.description.abstractThe purpose of this paper is to examine the determinants of financial deepening in Nigeria with a specific focus on how financial sector policies, real interest rate and the level of economic activity affect financial deepening. The study is carried out using the Bounds Test approach to determine the long-run and short run relationship between financial deepening, real output and financial sector policies employing time series data. A financial liberalization index is constructed to show the effect of financial liberalization on financial deepening. The study finds out that in the long run, both the level of economic activity and the real interest rate have a positive effect on financial deepening with only the real interest rate being significant. The financial liberalization index is seen to have a negative and significant effect on financial deepening. The paper recommends the removal of interest rate controls and advocates for the effective implementation of financial sectors policies in order to deepen the Nigerian Financial system.en_US
dc.identifier.urihttp://hdl.handle.net/123456789/4352
dc.language.isoenen_US
dc.publisherDepartment of Accounting, Kogi State Universityen_US
dc.subjectFinancial Liberalization Indexen_US
dc.subjectFinancial Deepeningen_US
dc.subjectPer capita GDPen_US
dc.subjectFinancial Sector policiesen_US
dc.titleDeterminants of financial deepening in Nigeriaen_US
dc.typeArticleen_US

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