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Interest Rate Liberalization, Quality institutions and Stock Market Development in Selected Sub-Saharan African Countries

Year 2016, Volume: 6 Issue: 2, 786 - 792, 01.04.2016

Wakilat Olabisi Balogun Jauhari B. Dahalan Sallahuddin B. Hassan

https://izlik.org/JA65YP68ZW

Abstract

The paper examines the long run effects of interest rate liberalization and institutional quality on the development of stock market in seven selected sub-Saharan African countries using panel dataset that spans 1990 to 2013. The study employs dynamic heterogeneous panel method using the technique of Pooled Mean Group (PMG). The results reveal that on the average liberalizing the interest rates has a negative long run impact on the development of the stock markets in the seven selected SSA economies. Institutional quality on the other hand has significant positive relationship with the development of stock market. The policy recommendation as a result of this finding is that liberalization of interest rates in the SSA region should be a guided one.

Keywords

Interest rate institutional quality stock market development.

Year 2016, Volume: 6 Issue: 2, 786 - 792, 01.04.2016

Wakilat Olabisi Balogun Jauhari B. Dahalan Sallahuddin B. Hassan

https://izlik.org/JA65YP68ZW

Abstract

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Details

Other ID JA55AJ78YY
Authors

Wakilat Olabisi Balogun This is me

Jauhari B. Dahalan This is me

Sallahuddin B. Hassan This is me

Publication Date April 1, 2016
IZ https://izlik.org/JA65YP68ZW
Published in Issue Year 2016 Volume: 6 Issue: 2

Cite

APA Balogun, W. O., Dahalan, J. B., & Hassan, S. B. (2016). Interest Rate Liberalization, Quality institutions and Stock Market Development in Selected Sub-Saharan African Countries. International Journal of Economics and Financial Issues, 6(2), 786-792. https://izlik.org/JA65YP68ZW
AMA 1.Balogun WO, Dahalan JB, Hassan SB. Interest Rate Liberalization, Quality institutions and Stock Market Development in Selected Sub-Saharan African Countries. IJEFI. 2016;6(2):786-792. https://izlik.org/JA65YP68ZW
Chicago Balogun, Wakilat Olabisi, Jauhari B. Dahalan, and Sallahuddin B. Hassan. 2016. “Interest Rate Liberalization, Quality Institutions and Stock Market Development in Selected Sub-Saharan African Countries”. International Journal of Economics and Financial Issues 6 (2): 786-92. https://izlik.org/JA65YP68ZW.
EndNote Balogun WO, Dahalan JB, Hassan SB (April 1, 2016) Interest Rate Liberalization, Quality institutions and Stock Market Development in Selected Sub-Saharan African Countries. International Journal of Economics and Financial Issues 6 2 786–792.
IEEE [1]W. O. Balogun, J. B. Dahalan, and S. B. Hassan, “Interest Rate Liberalization, Quality institutions and Stock Market Development in Selected Sub-Saharan African Countries”, IJEFI, vol. 6, no. 2, pp. 786–792, Apr. 2016, [Online]. Available: https://izlik.org/JA65YP68ZW
ISNAD Balogun, Wakilat Olabisi - Dahalan, Jauhari B. - Hassan, Sallahuddin B. “Interest Rate Liberalization, Quality Institutions and Stock Market Development in Selected Sub-Saharan African Countries”. International Journal of Economics and Financial Issues 6/2 (April 1, 2016): 786-792. https://izlik.org/JA65YP68ZW.
JAMA 1.Balogun WO, Dahalan JB, Hassan SB. Interest Rate Liberalization, Quality institutions and Stock Market Development in Selected Sub-Saharan African Countries. IJEFI. 2016;6:786–792.
MLA Balogun, Wakilat Olabisi, et al. “Interest Rate Liberalization, Quality Institutions and Stock Market Development in Selected Sub-Saharan African Countries”. International Journal of Economics and Financial Issues, vol. 6, no. 2, Apr. 2016, pp. 786-92, https://izlik.org/JA65YP68ZW.
Vancouver 1.Wakilat Olabisi Balogun, Jauhari B. Dahalan, Sallahuddin B. Hassan. Interest Rate Liberalization, Quality institutions and Stock Market Development in Selected Sub-Saharan African Countries. IJEFI [Internet]. 2016 Apr. 1;6(2):786-92. Available from: https://izlik.org/JA65YP68ZW