Impact of Financial Structures on the Growth of Nigerian Economy
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The quest to unveil the myth surrounding the dismal performance of financial system in most developing economies, provides the need for a radical departure from the use of orthodox financial indicators and ratio values: money supply, deposit interest rates, bank credits to public sectors, bank credits to private sectors, reserve requirements, ratio of high-powered money to money supply and logging items, e.t.c. to the use of absolute values and financial market indicators: market capitalization, number of listed companies, total value of transactions, total new issues; treasury bills, treasury...
The quest to unveil the myth surrounding the dismal performance of financial system in most developing economies, provides the need for a radical departure from the use of orthodox financial indicators and ratio values: money supply, deposit interest rates, bank credits to public sectors, bank credits to private sectors, reserve requirements, ratio of high-powered money to money supply and logging items, e.t.c. to the use of absolute values and financial market indicators: market capitalization, number of listed companies, total value of transactions, total new issues; treasury bills, treasury certificates, long-term government stocks, commercial papers, bankers acceptances, e.t.c. The thesis unveiled the myth. Financial market indicator variables impact on economic growth in Nigeria.
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