WSEAS Transactions on Systems and Control
Print ISSN: 1991-8763, E-ISSN: 2224-2856
Volume 15, 2020
(Special Issue: Financial Systems Theory and Control of Finances, Organizer - Guest Editor: Areghan Isibor) Financial Systems Theory and Control of Finances: Policy Initiatives for Access to Finance in Nigeria
Authors: , , , , ,
Abstract: The financial sector has witnessed several policy initiatives that have shaped the Nigerian financial system into what it is today. However, little study has been done on long-term effect of previous policies initiatives on the current loan access by firms, and this is the main objective of the study. The ARDL technique and error-correction model was used to check the long run effect of policy initiatives on loan in Nigeria utilizing data derived from the CBN statistical bulletin and world development index (1986-2019). Findings revealed that lending portfolio of deposit money banks has a negative and statistically significant relationship with domestic credit given to the private sector. In addition, the study recommended, amongst others, that regulatory authorities initiate policies that will create a platform for long term sustainable relationship with bankers and customers
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Keywords: Financial Systems Theory, Control of Finances, Financial sector, Policy initiatives, Bank lending, Concentration Theories, Long-run effect, ARDL
Pages: 563-567
DOI: 10.37394/23203.2020.15.55