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What is Interest Rate Impact on Nigeria about?

The study examines the impact of interest rates on the stability of money demand in Nigeria from 1986 to 2022, utilizing an Autoregressive Distributed Lag (ARDL) regression approach. Findings indicate that lending interest rates and monetary policy rates have insignificant effects on the stability of real broad money demand, while real GDP has a significant positive effect. The study concludes that interest rates do not significantly influence the stability of money demand and suggests measures for improvin

Author

Abdulkareem Alhassan

Language

EN