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- Title
INTEREST RATE DEREGULATION AND DEMAND FOR MONEY IN NIGERIA (2000-2011).
- Authors
OGOMEGBUNAM, ODITA ANTHONY
- Abstract
The study examined the interest rate deregulation and demand for money in Nigeria (2000-2011). The objective of the study is to enable the researcher to ascertain the functional relationship between demand for money and interest rate in Nigeria. Also, the significant impact of interest rate on the level of money stock in Nigeria. Relevant literatures were reviewed as well as some conceptual and empirical discourse on interest rate and money demand. The ex-post-facto research design was adopted and computerized regression analysis was employed as the statistical tools. The findings from the study showed that the functional relationship between demand for money and interest rate is not statically significant. Also, interest rate has no significant impact on the level of money stock in Nigeria. Based on the findings, the study recommend amongst others that government through the monetary authority should implement policies that would enhance interest rate and demand for money at least to the preferred sectors which will in turn boost the financial system of the Nigerian economy.
- Subjects
NIGERIA; DEREGULATION policy; MONEY; INTEREST rate policy; DEMAND for money; ECONOMIC policy
- Publication
CLEAR International Journal of Research in Commerce & Management, 2013, Vol 4, Issue 10, p124
- ISSN
2249-4561
- Publication type
Article