Financial sector libralization and capital market development in nigeria | Blazingprojects Postgraduate Thesis
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Financial sector libralization and capital market development in nigeria

 

Table Of Contents


  • Title page——————————————————————————————— I Certification page ———————————————————————— Dedication ———————————————————————————- Acknowledgement———————————————————————– Abstract————————————————————————————– Table of content—————————————————————————I

Chapter ONE

INTRODUCTION

  • .0 Introduction—————————————————————Back ground to the study—————————————-1Statement of Problem———————————————3Scope of the Study————————————————-3Justification of the study——————————————4Objectives of the study ——————————————4Research Questions———————————————–5Research Hypothesis———————————————-5Methodology of the study—————————————-6Sources of Data——————————————————6Outline of chapters————————————————–6Chapter
  • 2.0Literature Review ——————————————————-7
  • 2.1Introduction—————————————————————————-7
  • 2.2The Nigerian Financial System————————————————9 2.
  • 2.1The Money Market—————————————————————11 2.
  • 2.2The Capital Market————————————————————–13 2.
  • 2.3The Nigerian Stock Exchange———————————————–19
  • 2.3Globalization and Financial Sector Liberalization———————–20 Chapter3.0Theoretical framework and Research Methodology———-24
  • 3.1Introduction—————————————————————————24
  • 3.2Theoretical Issues on Financial Sector Liberalization in LDCs—–24
  • 3.3Research Design——————————————————————–27 3.
  • 3.1Model Specification————————————————————-27 3.
  • 3.2Data Sources———————————————————————-28
  • 3.4Nature of Research Method—————————————————–28
  • 3.5Method of Data Presentation and Analysis——————————-29

Chapter FOUR

DATA PRESENTATION AND ANALYSIS

  • .0 Data Analysis and Results——————————————33
  • 4.1Introduction—————————————————————————.33
  • 4.2Presentation of Data—————————————————————33
  • 4.3Data Analysis and Result——————————————————–34
  • 4.4Testing of Hypothesis and Results Discussion.————————-35 Chapter5.0 Summary, Findings and Conclusion——————————45Summary ————————————————————-45Theoretical findings————————————————-
  • 465.3Recommendation and limitation of the study.—————47
  • 5.4Conclusion—————————————————————————-..48 Appendices – Bibliography, Tables and results

Thesis Abstract

ThisResearchstudy was carried out to find the link between financial sector liberalization and capital market Development. As part of the Structural Adjustment Programme (SAP) of 1986, the Nigerian Government initiated a large scale restructuring
Of the financial sector and the liberalization of the regulations concerning financial institutions and markets. This was justified on the basis of existing market failures which
arose from externalities and lack of information

Using the econometric techniques, we found, that financial liberalization increased the real deposit ratio and also will lead to a substitution into financial asset resulting in a greater supply credit to finance real investment for capital market development and economic growth. Consequently, we recommend that for macroeconomic stability, efficiency and proper development of the financial system, direct control should be discouraged while indirect control should be encouraged through the market mechanism.


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