| Savings and Development |  |
| ISSN 0393-4551 |
Jude Okechukwu Chukwu and Cletus Chike Agu
African Review of Money Finance and Banking 2009, pp. 7-21
The study adopts the multivariate VECM to investigate the causality between financial depth and economic growth in Nigeria from 1971 to 2008. The results suggest that financial depth and economic growth have a stable long-run relationship. The study [...]
Sebastian Ofumbia Uremadu
African Review of Money Finance and Banking 2009, pp. 23-49
The role of savings in the economic growth of Nigeria cannot be over-emphasised. However, rapid population growth has posed a serious problem to savings mobilisation. A high dependency ratio of the population will require substantial increase in [...]
Brou Emmanuel Aka
African Review of Money Finance and Banking 2009, pp. 51-71
This paper empirically investigates the issue of contagion from the US stock market to the West African Regional Stock Market (BRVM) during the subprime crisis. It carries out aggregate and sectoral level analyses within a modified EGARCH framework. [...]
Rufus Ayodeji Olowe
African Review of Money Finance and Banking 2009, pp. 73-107
This paper investigated the monthly seasonal effect in the Nigerian stock market using the EGARCH-in-mean model in the light of banking reforms, insurance reform, stock market crash and the global financial crisis using daily returns over the period [...]
Lisa Peterlechner
African Review of Money Finance and Banking 2009, pp. 109-140
This article studies why people join Roscas. Both economic and social motivations are taken into account. Theoretical hypotheses about why people join are tested empirically against the results of a field study in Eastern Uganda. It is found that [...]
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