By: Arinze Nwifuru, Ikechukwu Eze Okereke, Ogbuagu Anuli Regina , Precious Ohalete
Pages: 1–13, Volume: 1, Number: 1
Published by: AEFUNAI Journal of Economics, Finance and Development Studies, Alex Ekwueme Federal University, Ndufu-Alike, 1/1/2024, 2024
ISSN (Electronic): 2536-6742
DOI:
The Nexus Between Financial Development and Monetary Policy in Nigeria: An Impact Assessment
Abstract:
This paper investigates the connection between financial development and monetary policy in Nigeria, emphasizing the short-run effects of financial market capitalization, private sector credit, and liquidity ratio on money supply. Utilizing the ARDL model, the findings indicate that financial market capitalization and private sector credit significantly and positively influence money supply, while the liquidity ratio has a significant negative impact. The results highlight the importance of financial market deepening and credit availability in shaping monetary policy.
Keywords: Feasible quasi-generalized least square, Financial development, Inflation, Investment, Monetary policy effectiveness, Output
How to Cite
Nwifuru, A., Okereke, I. E., Ogbuagu, A. R, & Ohalete, P. (2024). The Nexus Between Financial Development and Monetary Policy in Nigeria: An Impact Assessment. AEFUNAI Journal of Economics, Finance and Development Studies (AEFUNAI-JEFDS), Vol. 1(1), 1–13.
Creative Commons Attribution 4.0 International License (CC BY 4.0)
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