Abstract:This study examines the impact of money market variables on stock market volatility in Nigeria using an annual dataset from 1985 to 2021. Indicators of the money market, including certificates of deposit, commercial papers, bankers' acceptance, and treasury bills, were employed in the study. The Generalized Autoregressive Conditional Heteroskedasticity (GARCH-in mean) model was used to generate volatility of stock market index and a nexus between the variables. The findings showed that while commercial paper a… Show more
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