Macroeconomics Determinant Of Liquidity In Emerging Markets: Case Study Of Nigeria

• Author(s): Lukumon Akande Salahudeen ; Abraham O. A ; Ivanna Chaikovska
• Paper ID: 1700669
• Page: 42-54
• Published Date: 27-06-2018
• Published In: Iconic Research And Engineering Journals
• Publisher: IRE Journals
• e-ISSN: 2456-8880
• Volume/Issue: Volume 1 Issue 12 June-2018

Abstract

This research empirically studies the macroeconomic determinants of liquidity in emerging market. In carrying out this study, the following variables (liquidity ratio, interest and GDP) were identified to study the liquidity and their inter-relationship on Nigeria financial banks. The variables were obtained from finical report of the bank and the Central Bank of Nigeria (CBN) statistical bulletin over the period of 25 years (1989-2013) using time series data specification to carry out its estimation. This study employed Ordinary Least Square (OLS), Johansson Co-efficient, Error correlation models (ECM) and Granger Causality to test for the short - run, long - run and existence of relationship and cost effect respectively. The evidence obtained from the study showed the existence of OLS, Johansson Co-efficient, Error correlation models (ECM) and Granger Causality between economic growth in the long run as well as long run. This suggests that macroeconomic determinants of liquidity has impact on economic growth in Nigeria.

Keywords

Determinant, emerging markets liquidity, macroeconomics

Citations

IRE Journals:
Lukumon Akande Salahudeen , Abraham O. A , Ivanna Chaikovska "Macroeconomics Determinant Of Liquidity In Emerging Markets: Case Study Of Nigeria" Iconic Research And Engineering Journals Volume 1 Issue 12 2018 Page 42-54

IEEE:
Lukumon Akande Salahudeen , Abraham O. A , Ivanna Chaikovska "Macroeconomics Determinant Of Liquidity In Emerging Markets: Case Study Of Nigeria" Iconic Research And Engineering Journals, 1(12)