Angel Okonkwo

Effects of Financial Sector Reforms on Economic Growth. The Case of Nigeria (eBook, PDF)

• Format: PDF

Produktbeschreibung

Research Paper (undergraduate) from the year 2019 in the subject Business economics - Banking, Stock Exchanges, Insurance, Accounting, grade: 4.60, , course: Banking and Finance, language: English, abstract: The objectives of this study includes to examine the effects of banking sector reforms on bank performance, savings, investments, developments of the Nigerian Banking System and Economic Growth. The banking sector is without no doubt a very essential part of the economy of a nation and any reforms carried out in it extend to other parts of the economy representing a transformational moment for the economy and its people. So it remains a nationwide challenge that the Nigerian banking sector and it’s reforms haven’t been able to significantly support the long-term financial needs of the real sector or facilitate the growth of the Nigerian economy The Augmented Dickey-Fuller (ADF) Test and The Phillip-Perron Test were used to test for stationarity of the variables, while the Johansen co-integration test was employed to indicate the existence of a long-run relationship among Gross Domestic Product—which acted as the Economic Growth proxy, Commercial Bank’s Capital, Commercial Bank’s Credit, and Number of Commercial Bank Branches which acted as the other variables. Secondary data was sourced from Commercial Bank Statistics, Central Bank Of Nigeria Bulletins, Nigeria Bureau Of Statistics, Statistical Bulletins for the period of 1998-2017. Conclusively, there was a positive and significant relationship betweenEconomic Growth and Banking Sector Reforms in the long run, but a negative relationship between Economic Growth and Financial Sector Reforms in the short-run. It was recommended that the government should ensure political and macroeconomic stability as the activities in all other sectors are affected by them, and that people are enlightened on the benefits of banking sector reforms so that they don’t take opposing actions against the goal of reforms.

Produktdetails

• Verlag: GRIN Verlag
• Erscheinungstermin: 18. Oktober 2021
• Englisch
• ISBN-13: 9783346516152
• Artikelnr.: 62766370

Autorenporträt

Angel Okonkwo is a First Class Finance Graduate from AfeBabalola University, She developed and currently serves as the Creative Director for The MISSPRESIDENT Fashion and Lifestyle Blog She has held positions at R.T. BRISCOE Nigeria PLC, Instagas Nigeria LTD, Infostrategy Technology Ltd.. She is a Published Author on The Effects of Financial Sector Reforms on Economic Growth. The Case of Nigeria She has Certifications in PR and Digital Marketing courses, including Search Engine Optimization, Content Marketing, Search Engine Marketing, Social Media Marketing. She also has an ATS Certificate and a DELF Certificate.