2024
DOI: 10.46827/ejefr.v8i1.1631
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Money Market Instruments and Economic Growth in Nigeria

George-Anokwuru, Chioma Chidinma

Abstract: <p>This paper examined the effect of money market instruments on economic growth in Nigeria from 1980 to 2020. To achieve the above objective, secondary data on real gross domestic product, treasury bills, commercial papers, bankers’ acceptances and monetary policy rate were sourced from the statistical bulletin of Nigeria’s apex bank. The Error Correction Mechanism (ECM) was used as the main analytical tool. The result revealed that all the instruments of money market – treasury bills, commercial papers… Show more

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