Abstract
The study assessed economic variables on the performance of bond market in Nigeria. The study used time series data spanning a period from 2000 to 2012 and the domestic variables employed were Money supply, Exchange rate, Nigeria treasury bills rate, inflation rate, and US Stock price as a proxy for international influence on bond market in Nigeria. The Augmented Dickey-Fuller and Philip-Perron tests were used to determine the stochastic properties of the series. Within the theoretical framework of the Arbitrage Pricing Theory, a stationary VAR model was estimated and used to analyze the short run impact of selected macroeconomic variables using data for the period. The results show that there was marginal influence of the domestic variables. The effect of changes in the exchange rate contributes a high of 5.6 percent change in bond prices which is larger than that of all the other domestic variables. This implies that the Nigerian bond market is prone to the well-known contagion effect of global financial market. The study recommends that monetary authorities should be careful with the current efforts at internationalization of the Nigerian bond Market.
ABSTRACT
This study examinedComparative Analysis of Boarding and Day Students‟ Performance in West African Examinations Council in Birnin...
Abstract
The research focused on evaluating the impact of breast cancer awareness Programmes on the pr...
THE ROLE OF CUSTOMER LOYALTY PROGRAMS IN MEETING CUSTOMER NEEDS
This research focused on the role of customer loyalty pr...
The thesis statistically analyzed of the role of microfinance bank in agricultural development in Nasarawa state. The study cover three select...
ABSTRACT
The production of ethanol from food such as corn, cassava etc. is the most predominate way of producing ethanol...
Introduction
The body of lipids, of which oil is a part, is a wide-ranging group of naturally occurring hydrophobic mole...
ABSTRACT
The study investigated the influence of social media in addressing farmers-herdsmen’s conflict in Nigeria...
BACKGROUND OF STUDY
The radiation burden of the environmen...
ABSTRACT
The study on a comparative study of sickle cell disease and Rhesus factor comparability among couples in Yenego...
This research provides an analysis of the relationship between preliminary estimate, tender sum and final account of building proj...