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TAXATION OF FINANCIAL ASSETS AND CAPITAL MARKET DEVELOPMENT IN NIGERIA

Eno L. Inanga and Chidozie Emenuga

Working Papers from African Economic Research Consortium

Abstract: Following the pioneering works of Shaw (1973) and Mckinnon (1973), financial institutions have been known to play a significant role in economic development. An important function of these institutions in the process of development, especially in the context of developing countries, is that of financial intermediation through which domestic resources that could have remained in the informal sectors are attracted into the formal sectors and invested in productive enterprises.

Date: 1996-03
Note: African Economic Research Consortium
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