Stock Market Integration | An Evaluation of the Impact of Emerging and Developed Stock Markets on the Performance of the Nigerian Stock Exchange

Terfa Williams Abraham

ISBN 10: 3844333509 / ISBN 13: 9783844333503

Published by LAP LAMBERT Academic Publishing, 2011

About this Item

Stock Market Integration | An Evaluation of the Impact of Emerging and Developed Stock Markets on the Performance of the Nigerian Stock Exchange | Terfa Williams Abraham | Taschenbuch | 76 S. | Englisch | 2011 | LAP LAMBERT Academic Publishing | EAN 9783844333503 | Verantwortliche Person für die EU: preigu GmbH & Co. KG, Lengericher Landstr. 19, 49078 Osnabrück, mail[at]preigu[dot]de | Anbieter: preigu.

Seller Inventory # 107019355

Bibliographic Details

• Title: Stock Market Integration | An Evaluation of the Impact of Emerging and Developed Stock Markets on the Performance of the Nigerian Stock Exchange
• Publisher: LAP LAMBERT Academic Publishing
• Publication Date: 2011
• Language: English
• ISBN 10: 3844333509
• ISBN 13: 9783844333503
• Binding: Taschenbuch
• Condition: Neu
• Dimensions: 220W x 150H x 6D millimeters 220 millimeters width by 150 millimeters height by 6 millimeters depth
• Weight: 131 grams
• Seller catalogs:
  • Bücher

About this title

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.

About the Author

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.