International records / OpenAlex research

Nexus Between Financial Deepening and Stability of Financial Sector in Nigeria

Extant studies focused on investigating the relationship between financial deepening and aggregate economy with no consideration for whether or not financial deepening is responsible for or affects financial sector’s stability. Sequel to the foregoing, this study examined the nature of causation between financial deepening and financial sector’s stability with special interest in the direction of causality between the two. Financial sector’s stability (FSSI) was proxied with bank z-score while financial deepening by deposit money banks (FDDMB), Central Bank of Nigeria (FDCBN), insurance sector…