Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/142032
Authors: 
Omotor, Douglason G.
Year of Publication: 
2010
Citation: 
[Journal:] CBN Journal of Applied Statistics [ISSN:] 2476-8472 [Publisher:] The Central Bank of Nigeria [Place:] Abuja [Volume:] 1 [Year:] 2010 [Issue:] 1 [Pages:] 1-15
Abstract: 
The linkage between stock prices and inflation has been subjected to extensive research in the past decades and has arouse the interests of academics, researchers, practitioners and policy makers globally, particularly since the 1990s. The issue has been the apparent anomaly of the negative relationship between inflation and stock market returns as most studies in the industrialized economies have shown. This paper investigates this relationship using monthly and quarterly data of Nigeria for the period 1985 to 2008. The findings of this paper seem to suggest that stock market returns may provide an effective hedge against inflation in Nigeria.
Subjects: 
Inflation
stock market
Fisher effect
Fama's proxy hypothesis
Nigeria
JEL: 
E31
G11
Document Type: 
Article

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