Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/237433 
Year of Publication: 
2020
Citation: 
[Journal:] CBN Journal of Applied Statistics [ISSN:] 2476-8472 [Volume:] 11 [Issue:] 2 [Publisher:] The Central Bank of Nigeria [Place:] Abuja [Year:] 2020 [Pages:] 181-199
Publisher: 
The Central Bank of Nigeria, Abuja
Abstract: 
Studies on money supply determinants focus on the Classicists or Monetarists, Key-nesians and post-Keynesians variables like income and money multiplier. This re-search extends the literature on money supply determinants to include the influ-ence of financial liberalization on money supply with a reference to Nigeria between1980 and 2019, using the Autoregressive Distributed Lag (ARDL) approach. Dataused for the study were collected from the 2019 CBN Annual Statistical Bulletin.The study found that financial liberalization is an important factor in determiningmoney supply in Nigeria, in addition to currency ratio, required reserve ratio andhigh-powered money. As a result, the extent of the liberalization of the financialsector matters in decisions on the regulation of money supply in the economy.
Subjects: 
Autoregressive distributed lag
financial liberalization
money supply determi-nants
JEL: 
E5
E51
E52
Persistent Identifier of the first edition: 
Document Type: 
Article

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