» ABSTRACT Economic models of decentralization generally emphasize beneficial consequences—efficient provision of local public goods, hard budget constraints, and sorting of residents according to taste. This paper notes two less benign effects. First, political decentralization makes it easier for …Continue Reading »
» ABSTRACT To what extent do households make their consumption savings decisions in a forward looking manner? While this question is of fundamental importance to many aspects of economics, a wide range of viewpoints prevail. The massive empirical literature studying consumer behavior with Euler equati…Continue Reading »
» ABSTRACT This study investigates the presence of currency substitution in eight African countries Egypt, Morocco, Nigeria, Ghana, Kenya, South Africa, Tunisia and Zambia for the period 1976 to 2005 using both regional and US dollar as anchor currencies. We find that currency substitution is prevalen…Continue Reading »
» ABSTRACT EMU now seems increasingly likely to progress as planned with a broad membership of eight to ten countries in 1999. The political determination of Europe’s leaders has developed a momentum that makes the birth of the Euro ever more likely. Other influential people also support the introdu…Continue Reading »
» ABSTRACT Empirical research on corruption is quite a new undertaking. In an attempt to determine the causes and consequences of corruption, academics have concentrated lately on cross country analyses. These are mostly based on professional studies of the degree of corruption in various countries. S…Continue Reading »
» ABSTRACT Corruption is an ancient practice that has been traced back to pre biblical times and made itself known in the ancient civilizations of China, Greece, India and Rome. Despite corruption’s long history, the 1990s witnessed a decline in public acceptance. Increasingly, corruption has become…Continue Reading »
» ABSTRACT Most of the empirical literature on the relative merits of alternative exchange rate regimes uses the IMF de jure classification based on the regime that governments claim to have, abstracting from the fact that many countries that in theory follow flexible regimes intervene in the ex…Continue Reading »
» ABSTRACT Aggregate output growth measured by the gross domestic product (GDP) was estimated at 6.49 per cent during the first quarter of 2008, compared with 7.82 per cent in the preceding quarter. The growth was driven by the non oil sector which was estimated at 9.67 per cent. Provisional data indi…Continue Reading »
» ABSTRACT Empirical research regarding money demand relationships has been directed towards the identification of a few key economic variables that determine desired money balances. The typical money demand specification includes real income to represent the budget constraint. and the returns of one …Continue Reading »
» ABSTRACT This paper presents a synthesis of presentations and discussions at a Joint UNITAR/ WAIFEM Sub Regional Workshop on Capital Market Development for West African Nations (Accra, Ghana, 10 14 April 2000). The workshop drew on the expertise of resource persons from the U.S.A, Poland and Nigeria…Continue Reading »
» ABSTRACT Financial intermediation in Slovenia relies mostly on the banking system with established lending relationships, while the development of the non bank financial sector is far behind EU peers. The dominance of bank lending has resulted in a lack of equity financing, in particular to start u…Continue Reading »
» ABSTRACT Recent financial crisis in Turkey as well as in Mexico revived the interest in the question of capital flows in developing countries. This paper examines the issue of capital flows with special reference to Turkey. Given that there is no one generally accepted definition of capital flight …Continue Reading »
» ABSTRACT There has been a growing concern on the decline of the output of the manufacturing sector in Nigeria in recent times, despite the fact that the government embarked on several strategies aimed at improving industrial production and capacity utilization of the sector. This worry is understand…Continue Reading »
» ABSTRACT Inflation is generally associated with monetary expansion. Pakistan’s experience is not different from other countries. As a matter of fact, rise in general price level can be mapped on growth of money supply. Although immediate cause of inflation is associated with money growth, developm…Continue Reading »
» Abstract Overtime, Nigeria has experienced persistent depreciation in its exchange rate, with inflationincreasing at opposite direction, despite government’s exchange rate policies to stabilize prices. Exchange rate is key in foreign trade, as no country can satisfy demands of its population by op…Continue Reading »
» ABSTRACT The past half century has witnessed an unprecedented rate of world economic development. One stylized fact found by many empirical studies is that most high growth episodes are usually characterized by high export growth, which leads many people to the conclusion that the export sector has …Continue Reading »
» ABSTRACT The research on problem of budgetary control as a management tool for planning and control. Its source is mainly concentrated at Asaba capital city of Delta as a result of the lack o implementation of budget and management of budget in he financial industries and organizations. The objectiv…Continue Reading »
» Background of Study 1.2 STATEMENT OF THE PROBLEMS The problem for this study is to appraise the lending and credit management policies of a typical Money deposit bank (the Union bank of Nigeria Plc) with a view of finding the causes, consequences of bad debts in banks. Year after year, ba…Continue Reading »
» CHAPTER ONE 1.1 1.2 STATEMENT OF THE PROBLEM With the increasing dynamism and complexity of modern business operations, coupled with the ever present accounting scandals of high profits companies such as Cadbury plc and Enronlinc have questioned the effectiveness of corporate governance mec…Continue Reading »
» CHAPTER ONE INTRODUCTION 1.1. Background of the Study Today’s business environment is extremely dynamic in nature. It has experienced rapid changes as a result of technological improvements, increased awareness and demands for banks services. The Banking industry of the 21st century operates in…Continue Reading »
» CHAPTER ONE 1.0 INTRODUCTION This chapter is mainly concerned with the efforts at expanding the economic base of the rural area, which are always backwards because of scarcity of restrictive access to loanable funds. In solving the problem, previous governmen…Continue Reading »
» CHAPTER ONE 1.1 GENERAL BACKGROUND OF THE SUBJECT MATTER Standard trust bank Plc commenced operation in August 1997 as a commercial bank with five business offices driven by a board of directors a management team and staff focused on revolutionizing the Nigerian banking indust…Continue Reading »
» CHAPTER ONE INTRODUCTION There is no doubt that recent development in banking industry relating to computerization banks including First Bank Plc Enugu, attracts comments from various organization, individuals government etc. in the society, hence many have written on the problems…Continue Reading »
» Chapter 1: Introduction Performance Appraisal systems in many organizations remain one of the great paradoxes of effective human resource management. They provide valuable performance information to a number of critical human resource activities such as the allocation of rewards, pay, promotions, …Continue Reading »
» CBSTRACT This project was aimed at developing an online book bank monitoring system inMakerereUniversity. The responsibility of monitoring book banks inMakerereUniversityis vested in the main library and is executed by the Bank Bank section. It was intended to address the current problems encountere…Continue Reading »
