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- Title
Determinants Of Financial System Liquidity (1980 -- 2005): Evidence From Nigeria.
- Authors
Uremadu, Seba Ofumbia
- Abstract
This study presents an economic model of the Nigerian financial system with a view to determining its, liquidity profile using a group of money market instruments (MMIs). Results indicate that commercial papers had the greatest significant impact on bank liquidity. (proxy for financial system liquidity) in Nigeria. It is also recommended that greater use of money market instruments have higher prospects of profitability expectations in order lo mop up excess liquidity prevalent over the years in the Nigerian financial system. This policy action will thereby raise expected profitability and retained earnings obtainable in the Nigerian money markets and will lead lo growth of the economy in the long-run through gross domestic investment (GDI).
- Subjects
NIGERIA; ECONOMIC models; LIQUIDITY (Economics); MONEY market; FINANCIAL instruments; BANKING industry
- Publication
Banking & Finance Letters, 2009, Vol 1, Issue 2, p11
- ISSN
1308-6588
- Publication type
Article