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

Cilt: 6 Sayı: 2 1 Nisan 2016
  • Wakilat Olabisi Balogun
  • Jauhari B. Dahalan
  • Sallahuddin B. Hassan
International Journal of Economics and Financial Issues Kapak
International Journal of Economics and Financial Issues
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Interest Rate Liberalization, Quality institutions and Stock Market Development in Selected Sub-Saharan African Countries

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

Ayrıntılar

Birincil Dil

İngilizce

Konular

-

Bölüm

-

Yazarlar

Wakilat Olabisi Balogun Bu kişi benim

Jauhari B. Dahalan Bu kişi benim

Sallahuddin B. Hassan Bu kişi benim

Yayımlanma Tarihi

1 Nisan 2016

Gönderilme Tarihi

1 Nisan 2016

Kabul Tarihi

-

Yayımlandığı Sayı

Yıl 2016 Cilt: 6 Sayı: 2

IZ

https://izlik.org/JA65YP68ZW

Kaynak Göster

RIS / Bibtex
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, ve 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 (01 Nisan 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, ve S. B. Hassan, “Interest Rate Liberalization, Quality institutions and Stock Market Development in Selected Sub-Saharan African Countries”, IJEFI, c. 6, sy 2, ss. 786–792, Nis. 2016, [çevrimiçi]. Erişim adresi: 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 (01 Nisan 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, vd. “Interest Rate Liberalization, Quality institutions and Stock Market Development in Selected Sub-Saharan African Countries”. International Journal of Economics and Financial Issues, c. 6, sy 2, Nisan 2016, ss. 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]. 01 Nisan 2016;6(2):786-92. Erişim adresi: https://izlik.org/JA65YP68ZW