Global Financial Crisis and Nigeria Economy

1
Arinze Ngwube
Arinze Ngwube
2
Mattew Ogbuagu
Mattew Ogbuagu
1 Federal University Oye-Ekiti

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GJMBR Volume 14 Issue B4

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This paper discusses the global financial crisis and Nigeria Economy. The crisis started with the US mortgage default cumulated to the system wide credit collapse and finally to the collapse of the global economy. The causes of the crisis are discussed in point. The New classical framework for the explanation of the current economic crisis is given. The ordinary least square Technique of analysis will be adopted; dummies will be used to capture qualitative variables. Also highlighted are the effects of the crisis on the Nigerian economy. Measures for overcoming the problems are advanced. The paper concludes that the crisis provide an opportunity and rationale to move more quickly to address overdue reforms in areas as diverse as financial regulation and inclusion, trade competition and public sector improvement in the Nigerian economy.

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No external funding was declared for this work.

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The authors declare no conflict of interest.

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Arinze Ngwube. 2014. \u201cGlobal Financial Crisis and Nigeria Economy\u201d. Global Journal of Management and Business Research - B: Economic & Commerce GJMBR-B Volume 14 (GJMBR Volume 14 Issue B4): .

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GJMBR Volume 14 Issue B4
Pg. 25- 29
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Crossref Journal DOI 10.17406/GJMBR

Print ISSN 0975-5853

e-ISSN 2249-4588

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v1.2

Issue date

July 3, 2014

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English

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This paper discusses the global financial crisis and Nigeria Economy. The crisis started with the US mortgage default cumulated to the system wide credit collapse and finally to the collapse of the global economy. The causes of the crisis are discussed in point. The New classical framework for the explanation of the current economic crisis is given. The ordinary least square Technique of analysis will be adopted; dummies will be used to capture qualitative variables. Also highlighted are the effects of the crisis on the Nigerian economy. Measures for overcoming the problems are advanced. The paper concludes that the crisis provide an opportunity and rationale to move more quickly to address overdue reforms in areas as diverse as financial regulation and inclusion, trade competition and public sector improvement in the Nigerian economy.

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Global Financial Crisis and Nigeria Economy

Arinze Ngwube
Arinze Ngwube Federal University Oye-Ekiti
Mattew Ogbuagu
Mattew Ogbuagu

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