The Financial System And Economic Growth In Nigeria

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DepartmentBanking and Finance
TypeProject
Pages0
Reference StyleYES
FormatMS Word & PDF
Reference No.BFN1636

Abstract

ABSTRACT This study examined the impact of the financial system with respect to banks and stock market on economic growth in Nigeria between 1991 and 2010. The debate among scholars on the comparative importance of banks and markets in promoting economic growth generated a lot of controversy. Some scholars argue that banks identify good projects, mobilize resources, monitor managers, and manage risk and so are better at promoting economic growth than the market. This gave rise to the bank-based financial system view. Others argue that the stock markets provide incentives for investors to acqui…

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