Impact of Money Market on the Liquidity of Some Selected Quoted Banks in Nigeria
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Finance is a major key element in fostering growth and development of a company and financial
managers look mainly to the money and capital market for various term funds. The Nigerian money market has
lagged behind in performing its intermediation role in providing such needed funds to the companies thus,
limiting their operations. Against this backgrund, this study examines the impact of the Nigerian money market
instruments on the liquidity often selected quoted banks from 2005-2014. Secondary data were used and the
multiple regression econometric technique was used to analyze the data. The study found that firms' working
capital and profitability have a significant impact on the money market instrument. Since, the money market is
very vital for financial managers to raise short-term funds, amongst others the study recommends that to
improve the money market there should be adequate monitoring and surveillance of the activities of the market
participants and also the introduction of new and flexible financial instruments.
Keywords
HF5601 Accounting, HJ Public Finance