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- Title
FINANCIAL INCLUSION AND MONETARY POLICY SHOCKS NEXUS IN NIGERIA: A NEW EMPIRICAL EVIDENCE.
- Authors
ANTHONY-ORJI, ONYINYE I.; ORJI, ANTHONY; OGBUABOR, JONATHAN E.; ONOH, JAMES EMMANUEL
- Abstract
This paper empirically investigates the impact of monetary policy shocks on financial inclusion in Nigeria using the Vector Autoregression Model (VAR). Time series quarterly data were employed to conduct the analysis and the findings of the study reveal that shocks to minimum rediscount rate, interest rate, broad money supply and deposit rates of deposit banks all have significant impact on financial inclusion in Nigeria, however not at the same time and magnitude. Thus, the paper recommends the implementation of policies that will encourage innovations and competition in the banking industry. Also, there is need to adopt effective monetary policy measures that will increase financial inclusion in the country.
- Publication
Journal of Academic Research in Economics, 2019, Vol 11, Issue 2, p364
- ISSN
2066-0855
- Publication type
Academic Journal