CHAPTER ONE INTRODUCTION 1.1 BACKGROUND OF THE STUDY In general terms, monetary policy refers to a combination of measures designed to regulate the value, supply and cost of money in an economy, in consonance with the expected level of economic activity. For most economies, the objectives of monetary policy include price stability, maintenance of balance … Read more
CHAPTER ONE INTRODUCTION 1.1 BACKGROUND OF THE STUDY Insurance is one of the cornerstones of modern-day financial services sector. In addition to its traditional role of managing risk, insurance market activity, both as intermediary and as provider of risk transfer and indemnification, may promote growth by allowing different risks to be managed more efficiently, promoting … Read more
CHAPTER ONE INTRODUCTION Background of the Study According to Al-Faki (2006), the capital market is a “network of specialized financial institutions, series of mechanisms, processes and infrastructure that, in various ways, facilitate the bringing together of suppliers and users of medium- to long- term capital for investment in socio-economic developmental projects”. The capital market … Read more
CHAPTER ONE INTRODUCTION 1.1 Background to the Study: The role of institutional quality in sustainable development has received tremendous attention in recent time and it has been a central issue in development policies of many nations to orchestrate an insurmountable institution because of its critical position in the development of financial system and stock … Read more
CHAPTER ONE INTRODUCTION 1.1 BACKGROUND OF THE STUDY According to A.R and H.I Alile (1986:5), the Nigerian economy in the 1960s was economically and politically dominated by imperialists, Nigerians have since after independence assumed responsibility of piloting the affairs of the economy towards the attainment of high level of economic growth. This has required … Read more