Causes of Interest Rate Volatility and its Economic Implications in Nigeria

Wehnam Peter Dabale () and Nelson Jagero ()
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Wehnam Peter Dabale: Africa University
Nelson Jagero: Africa University

International Journal of Academic Research in Accounting, Finance and Management Sciences, 2013, vol. 3, issue 4, 27-32

Abstract: The paper explored causes of interest rate volatility and its implications on the socio-economic development of Nigeria for the year 2000–2005 periods. Its objective had been the provision of a deeper understanding of the causes of interest rate volatility and whether this has effects on the Nigerian economy. Data for this study were mainly collected from secondary sources and have been log- linearised. An econometric model specification was then built and E-View 5.0 software was used in computing the data regression analysis. Findings of the study were drawn and indicated the relationship between the dependent variable (interest rate) and independent variables (money supply and required reserve ratio). The research study was concluded with a detailed discussion and recommendations based on the findings.

Keywords: Interest Rates Volatility; Money Supply; Reserve Ratio (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:hur:ijaraf:v:3:y:2013:i:4:p:27-32

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