CALL FOR PAPERS

CERTIFICATE

IMPACT FACTOR 2018

Subject Area

  • Life Sciences / Biology
  • Architecture / Building Management
  • Asian Studies
  • Business & Management
  • Chemistry
  • Computer Science
  • Economics & Finance
  • Engineering / Acoustics
  • Environmental Science
  • Agricultural Sciences
  • Pharmaceutical Sciences
  • General Sciences
  • Materials Science
  • Mathematics
  • Medicine
  • Nanotechnology & Nanoscience
  • Nonlinear Science
  • Chaos & Dynamical Systems
  • Physics
  • Social Sciences & Humanities

Why Us? >>

  • Open Access
  • Peer Reviewed
  • Rapid Publication
  • Life time hosting
  • Free promotion service
  • Free indexing service
  • More citations
  • Search engine friendly

Plagiarism Detection

IJCR is following an instant policy on rejection those received papers with plagiarism rate of more than 20%. So, All of authors and contributors must check their papers before submission to making assurance of following our anti-plagiarism policies.

Godwin Chigozie Okpara, A.N. Onoh, B.M. Ogbonna, Eugene Iheanacho and Iheukwumere Kelechi, J

Author: 
Godwin Chigozie Okpara, A.N. Onoh, B.M. Ogbonna, Eugene Iheanacho and Iheukwumere Kelechi, J
Subject Area: 
Social Sciences and Humanities
Abstract: 

This paper explored the extent to which financial instability impacts on sustainable economic growth in Nigeria. Specifically, it identified the particular financial instability indicators that severely impede the growth of the economy. To evaluate the objectives, the variables were tested for stationarity and since they were not integrated of the same order, Vector Autoregression, impulse response and variance decomposition analyses were appropriately employed. The result of the analyses shows that broad money velocity (M2/GDP) and money supply errors (MSERROR) significantly reduce the growth of the economy. In other words,the growth of the economy is a negative and significant function of broad money velocity and CBN money supply errors while stock market prices, Exchange rate, Inflation mis-targeting and banking system return on asset (ROA) exert negative but insignificant impact on economic growth. The result of the impulse response analyses suggest that the level of money stock velocity has dominantly made negative significant impact on real GDP and also revealed that RGDP responds negatively to a shock in CBN money supply mismatch. Thus, all indications emanating from our findings reveal that instability in the Nigerian financial sector impct negatively and insignificantly on economic growth. In other words, financial instability deteriorates the growth of the economy. The researchers therefore call on the Central bank of Nigeria not only to adopt appropriate broad money velocity for the country, but to also narrow its money supply mistargeting if financial instability in Nigeria should be reduced to boost economic growth.

PDF file: 

IJMCE RECOMMENDATION

ONLINE PAYPAL PAYMENT

CURRENT ISSUE

NEWS

CHIEF EDITOR
Rosane Cavalcante Fragoso, Brasil
ASSOCIATE CHIEF EDITOR

   

Jean-Marc SABATIER
Chief Scientific Officer and Head of a Research Group
France

Advantages of IJCR

  • Rapid Publishing
  • Professional publishing practices
  • Indexing in leading database
  • High level of citation
  • High Qualitiy reader base
  • High level author suport

EDITORIAL BOARD

Luai Farhan Zghair
Iraq
Hasan Ali Abed Al-Zu’bi
Jordanian
Fredrick OJIJA
Tanzanian
Firuza M. Tursunkhodjaeva
Uzbekistan
Faraz Ahmed Farooqi
Saudi Arabia
Eric Randy Reyes Politud
Philippines
Elsadig Gasoom FadelAlla Elbashir
Sudan
Eapen, Asha Sarah
United State
Dr.Arun Kumar A
India
Dr. Zafar Iqbal
Pakistan
Dr. SHAHERA S.PATEL
India
Dr. Ruchika Khanna
India
Dr. Recep TAS
Turkey
Dr. Rasha Ali Eldeeb
Egypt
Dr. Pralhad Kanhaiyalal Rahangdale
India
DR. PATRICK D. CERNA
Philippines
Dr. Nicolas Padilla- Raygoza
Mexico
Dr. Mustafa Y. G. Younis
Libiya
Dr. Muhammad shoaib Ahmedani
Saudi Arabia
DR. MUHAMMAD ISMAIL MOHMAND
United State
DR. MAHESH SHIVAJI CHAVAN
India
DR. M. ARUNA
India
Dr. Lim Gee Nee
Malaysia
Dr. Jatinder Pal Singh Chawla
India
DR. IRAM BOKHARI
Pakistan
Dr. FARHAT NAZ RAHMAN
Pakistan
Dr. Devendra kumar Gupta
India
Dr. ASHWANI KUMAR DUBEY
India
Dr. Ali Seidi
Iran
Dr. Achmad Choerudin
Indonesia
Dr Ashok Kumar Verma
India
Thi Mong Diep NGUYEN
France
Dr. Muhammad Akram
Pakistan
Dr. Imran Azad
Oman
Dr. Meenakshi Malik
India
Aseel Hadi Hamzah
Iraq
Anam Bhatti
Malaysia
Md. Amir Hossain
Bangladesh
Ahmet İPEKÇİ
Turkey
Mirzadi Gohari
Iran