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.
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Capital budgeting decision usually involves substantial’s expenditures on new assets. Th...
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This study was carried out to examine the influence of educational technology on secondary...
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The advent of modern communication gadget –implication for Nigerian Journalism. The tittle of this study took a vivi...
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This study assessed the role of mass media in reducing unemployment among youths in Nigeria. This research desi...
ACCOUNTING FOR INTERNATIONAL DEVELOPMENT PROJECTS AND GRANTS
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The study aims to investigate (1) the role of accounting...
Background of the study
A film, also called a movie or motion picture is a series of still or moving images using animat...
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The Research looks at housing demand as a result to urban growth. The study attempts to identify the effects of urban growth on...
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The Mineral and Geothermal Potentials of part of Kogi State was investigated through the interpretation of aeromagnetic and radi...
Background of the Study
The success of any nation's education and manpower development is crucial t...
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