Balogun, Wakilat Olabisi and Dahalan, Jauhari and Hassan, Sallahuddin (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). pp. 786-792. ISSN 2146-4138

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Abstract

The paper examines the long run effects of interest rate liberalization and institutional quality on the development of stock market in seven selected subSaharan African (SSA) countries using panel dataset that spans 1990-2013.The study employs dynamic heterogeneous panel method using the technique of pooled mean group.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

Item Type:	Article
Uncontrolled Keywords:	Interest Rate, Institutional Quality, Stock Market Development
Subjects:	H Social Sciences > HF Commerce > HF5601 Accounting H Social Sciences > HG Finance
Divisions:	School of Economics, Finance & Banking
Depositing User:	Prof. Dr. Jauhari Dahalan
Date Deposited:	15 Nov 2016 08:36
Last Modified:	15 Nov 2016 08:36
URI:	https://repo.uum.edu.my/id/eprint/19651

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