BOHR International Journal of Finance and Market Research

The nexus between monetary policy and sustainable development goals number ten in Nigeria

2024-12-14T13:12:05+00:00

This study examined the nexus between monetary policy and sustainable development goals number ten in Nigeria from (1987 to 2022). The data for this study were collected from secondary sources, which include World Bank and World Development Indicator online data base, previous studies, as well as journals articles. The estimation techniques used for this study were econometrics tools to run the regression, unit root test, ARDL, Bound Test, and granger causality tests. The results from the study showed that there is combination of I (1) and I (0) among the variables based on the stationarity test conducted. The ARDL test result shows that there is existing of long relationship through the bound test, of F-statistics 5.63 at 10 and 5 per cent respectively. The granger causality test indicated bidirectional causality and no causality relationship among the variables. The results of the short run and long run indicated that the monetary policy has both positive and negative impacts on SDG-10 in Nigeria. The study recommends that the government should consider the inflationary and exchange rates in Nigeria in order to tackle the level of inequality among the citizens. This can be effectively carried out through a stringent price control for goods and services as well as implementing a fixed exchange rate policy that would restrict the everdeclining value of naira relative to dollar exchange rate. If effectively articulated, it will ensure equitable distribution of income and wealth among the citizens in the country. The major scientific novelty introduced in this study is the measurement of inequality using Gini Coefficients based on SDG-10 perspective.

The impact of the exchange rate systems on macroeconomic indicators: an evaluation study on Sudan experience 1970–2019)

2024-04-20T06:14:22+00:00

This study followed both descriptive and correlation approaches to evaluate the impact of the application of the exchange rate systems on Sudan’s macroeconomic indicators from 1970 to 2019. During the 1970s, Sudan adopted the system of fixing exchange rates, and the “managed exchange rate” with the successive devaluation of the local currency during 1980s. During 1990s, the floating and liberalization policy of the exchange rate had been adopted beside the system of the crawling peg between 1997 and 1999. During the first decade of the millennium (i.e., the period of the flow of the oil revenues), Sudan followed a managed exchange rate system and during the second decade (the period of the extreme scarcity of foreign exchange resources after the secession of the southern Sudan). This study concluded that the systems of the fixing exchange rate, the crawling peg and the systems managing exchange rate that are closer to fixing positively supported the macroeconomic indicators, while the systems of exchange rate that are closer to liberalization, floating and flexibility negatively affected the exports, imports gross domestic product (GDP), personal income, and increasing the inflation rate. One of the most important recommendations of this study is the need to adopt a system of the exchange rate that is closer to fixing to ensure the improvement of the macroeconomic indicators.

Comparative financial performance analysis of commercial banks in India

2024-04-03T12:15:10+00:00

Commercial banks are financial institutions that perform the functions of accepting deposits from the general public and giving loans for investment with the aim of earning profit. These banks play a key role in the growth and development of an economy. In India, commercial banks are broadly classified into public sector commercial banks, private sector commercial banks, and foreign commercial banks. In the present study, the researchers have made an attempt to examine the financial performance analysis of public sector and private sector commercial banks in India. The study covers the top five public sector commercial banks and the top five private sector commercial banks. The study is based on secondary data extracted from books, journals, financial statements of the banks under study, and other websites. The study period is 5 years—from March 2019 to March 2023. Financial performance and Market capitalization parameters along with key banking ratios were used for the analysis and ajudgmental sampling technique was used for selecting the sample.