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
The paper aims at designing and implementing a simple and concise system that collects opinions of university s...
ABSTRACT
The study examines the effects of drug abuse on the academic performance of Benue State University students. With the following...
INTRODUCTION
In the past, security was simply a matter of locking the door or storing files in a locked filing cabinet o...
Background to the Study
The industry of information technology...
ABSTRACT
The aim of this project is to analysis the occupational challenges facing secretaries in the Enugu State Civil Service. In...
ABSTRACT
This study was carried out to examine the integrating psychographic profiling for improved sales using Shop...
ABSTRACT
The advancement in Science and Technology and the quest for children led to the development and invention of a...
EXCERPT FROM THE STUDY
According to Dike (2005), Vocational Education and training “prepares learners for careers...
BACKGROUND OF THE STUDY
Educators have struggled to understand the link between class size and academi...
ABSTRACT
Linguistic stylistic analysis of the language of poets investigates the use of language in literature especiall...