November 2013

Association between foreign capital inflow and macroeconomic factors: Evidence from Nigeria

This paper empirically examines the association between foreign capital inflows to Nigeria and real growth rate of gross domestic product, domestic credit to the private sector, rate of inflation, perceived level of corruption and market capitalization.  Data covering the period 1982 and 2012 were analyzed using econometric models of cointegration technique with its implied error correction model (ECM). Results are...

Author(s): Etumudon Ndidi Asien and Victor Oriavwote

November 2013

The impact of financial inclusion on monetary policy in Nigeria

Financial inclusion is currently hot topic in policy spheres because of its potency in encouraging economic growth. And because it improves the sensitivity of aggregate demand to interest rate it has been argued to be useful for the success of monetary policy. However, little attention has been devoted to computing the exact effect of financial inclusion on monetary policy. This paper presents a simple model showing the...

Author(s): Mbutor O. Mbutor and Ibrahim A. Uba