Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/144780
Authors: 
Sere-Ejembi, Angela
Udom, Ini S.
Salihu, Audu
Atoi, Ngozi V.
Yaaba, Baba N.
Year of Publication: 
2014
Citation: 
[Journal:] CBN Journal of Applied Statistics [ISSN:] 2476-8472 [Publisher:] The Central Bank of Nigeria [Place:] Abuja [Volume:] 5 [Year:] 2014 [Issue:] 1 [Pages:] 49-77
Abstract: 
This study constructed a banking system stability index (BSSI) for Nigeria, using a combination of financial soundness indicators and macro-fundamentals. It applied statistical and Conference Board Methodology normalisation processes on Nigeria's banking and macroeconomic data from 2007Q1 to 2012Q2. The resultant index traced fairly well the episodes of crisis in the system over the study period. Hence, the BSSI is capable of acting as an early warning mechanism of signaling fragility. It could, therefore, be used as a complimentary regulatory policy tool to detect potential threat to enable monetary authorities take timely pre-emptive policy measures to avert crisis.
Subjects: 
Banking system
stability index
macro-prudential analysis
financial soundness indicators
JEL: 
E58
G01
G17
E65
Document Type: 
Article

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