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Stock Market Integration: An Evaluation of the Impact of Emerging and Developed Stock Markets on the Performance of the Nigerian Stock Exchange - Couverture souple

Abraham, Terfa Williams

 
9783844333503: Stock Market Integration: An Evaluation of the Impact of Emerging and Developed Stock Markets on the Performance of the Nigerian Stock Exchange
Couverture souple
ISBN 10 : 3844333509 ISBN 13 : 9783844333503
Editeur : LAP LAMBERT Academic Publishing, 2011

Synopsis

Within March 5th 2008 and April 3rd 2009, the All Share index of the Nigerian Stock Exchange dropped by 69.94%. The decline (though at varying levels) was also witnessed among emerging and developed stock markets. While various factors could be responsible for the performance observed, this study examined the role of selected emerging and developed stock markets on the performance of the Nigerian stock exchange. The philosophy of the study is premised on the increasing linkage of financial markets across the globe and the likely implication of such interdependence on their performance. Within the context of financial crisis, the major findings from the study were in two folds: first, the Nigerian stock exchange was more integrated to the developed stock markets during the crisis period hence, declining performance observed during the period studied in the Nigerian stock market, can be attributed to the financial crisis. Lastly, contrary to the role that counter cyclical policies are expected to play in stabilizing business circles, the Nigerian stock market was more responsive to oil market policy adjustments than to the monetary policy actions during the financial crisis.

Les informations fournies dans la section « Synopsis » peuvent faire référence à une autre édition de ce titre.

Présentation de l'éditeur

Within March 5th 2008 and April 3rd 2009, the All Share index of the Nigerian Stock Exchange dropped by 69.94%. The decline (though at varying levels) was also witnessed among emerging and developed stock markets. While various factors could be responsible for the performance observed, this study examined the role of selected emerging and developed stock markets on the performance of the Nigerian stock exchange. The philosophy of the study is premised on the increasing linkage of financial markets across the globe and the likely implication of such interdependence on their performance. Within the context of financial crisis, the major findings from the study were in two folds: first, the Nigerian stock exchange was more integrated to the developed stock markets during the crisis period hence, declining performance observed during the period studied in the Nigerian stock market, can be attributed to the financial crisis. Lastly, contrary to the role that counter cyclical policies are expected to play in stabilizing business circles, the Nigerian stock market was more responsive to oil market policy adjustments than to the monetary policy actions during the financial crisis.

Biographie de l'auteur

Holds BSc and MSc Degrees in Economics from the Ahmadu Bello University, Nigeria and is Currently a PhD Candidate of Economics at the Usmanu Danfodiyo University Sokoto, Nigeria. His research areas are monetary policy, financial economics and development economics. The thesis benefited from the CODESRIA 2009 Small Grants Award. Abraham is Nigerian.

Les informations fournies dans la section « A propos du livre » peuvent faire référence à une autre édition de ce titre.

Éditeur
LAP LAMBERT Academic Publishing
Date d'édition
2011
Langue
anglais
ISBN 10 
3844333509
ISBN 13 
9783844333503
Reliure
Broché
Nombre de pages
76
Coordonnées du fabricant
non disponible
Personne responsable
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