THE IMPACTS OF MONETARY POLICIES ON SAVINGS AND INVESTMENT IN DEVELOPING ECONOMIES: A CASE STUDY

Kayode Bankole (), Israel Ukolobi () and Onyuka Mcdubus ()
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Kayode Bankole: University of Ibadan

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Abstract: This Study was designed to explore the impact of money supply on savings and investment in developing countries. Nigeria was selected as the case study. Literature related to the subject matter was reviewed. Secondary data for the seventeen (17) years on money supply, savings and investment were obtained from Central Bank of Nigeria Statistical Bulletin. The models were appropriately specified and the data collected were analysed using Eviews7 Statistical package. We found a high correlation between money supply, and the independent variables. This study recommends that the government should make money available to enable individuals engage in economic activities. Also this study recommends that government should provide enabling environment for private investors to permit stress-free economic activities. Government should release enough money for training and development of youths to encourage them to engage in entrepreneurship ventures that can stimulate savings and investment.

Date: 2020-03-26
New Economics Papers: this item is included in nep-afr and nep-fdg
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