The Role Of Monetary Policy On Nigeria Stock Exchange Market Performance (1991--2016
ABSTRACT
This study examined the role of monetary poli'y on stock exchange market çerfcrmarice in Nigeria using time series data from 1991 to 2016. Monetary policy was captured by monetary policy rate, liquidity ratio and cash reserve ratio, while stock market performance was measured by market capitalization. The datasei; sc'urced from Central Bank of Nigeria Statistical Bulletin was analyzed using multiple regression analysis. The results revealed that monetary policy rate and cash reserve ratio were the most significant monetary policy instruments that affect stock market performance, while liquidity ratio was insignificant in affecting stock market performance. The study recommended among other things that for effective and efficient operation of the monetary policy measures in Nigeria, the Central Bank should be granted full autonomy on its monetary policy functions.
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EMMANUEL, C (2021). The Role Of Monetary Policy On Nigeria Stock Exchange Market Performance (1991--2016. Repository.mouau.edu.ng: Retrieved Dec 23, 2024, from https://repository.mouau.edu.ng/work/view/the-role-of-monetary-policy-on-nigeria-stock-exchange-market-performance-1991-2016-7-2
CHIZARAM, EMMANUEL. "The Role Of Monetary Policy On Nigeria Stock Exchange Market Performance (1991--2016" Repository.mouau.edu.ng. Repository.mouau.edu.ng, 25 Jun. 2021, https://repository.mouau.edu.ng/work/view/the-role-of-monetary-policy-on-nigeria-stock-exchange-market-performance-1991-2016-7-2. Accessed 23 Dec. 2024.
CHIZARAM, EMMANUEL. "The Role Of Monetary Policy On Nigeria Stock Exchange Market Performance (1991--2016". Repository.mouau.edu.ng, Repository.mouau.edu.ng, 25 Jun. 2021. Web. 23 Dec. 2024. < https://repository.mouau.edu.ng/work/view/the-role-of-monetary-policy-on-nigeria-stock-exchange-market-performance-1991-2016-7-2 >.
CHIZARAM, EMMANUEL. "The Role Of Monetary Policy On Nigeria Stock Exchange Market Performance (1991--2016" Repository.mouau.edu.ng (2021). Accessed 23 Dec. 2024. https://repository.mouau.edu.ng/work/view/the-role-of-monetary-policy-on-nigeria-stock-exchange-market-performance-1991-2016-7-2