Paper Title :Returns of The Cashless Policy in Nigeria
Author :Mpho Bosupeng
Article Citation :Mpho Bosupeng ,
(2017 ) " Returns of The Cashless Policy in Nigeria " ,
International Journal of Management and Applied Science (IJMAS) ,
pp. 10-14,
Volume-3,Issue-9
Abstract : The introduction of the cashless policy in March 2012 aimed to drive development and advance payment systems
in Nigeria. In addition, the policy aimed to reduce costs related to banking and facilitate the progression of monetary policy
decisions and economic growth. To date, the extant literature has not directly evaluated the effectiveness of the system but
only attempts to evaluate the benefits and adverse effects of the cashless policy in Nigeria. This study evaluates the impact of
the cashless arrangement in Nigeria on different macroeconomic variables which are unemployment rate, GDP, FDI,
corruption and money supply. The study uses data immediately before and post the introduction of the cashless policy in
2012. The analysis shows that the cashless policy has largely been valuable to Nigeria, considering the positive effects on
GDP, unemployment rate and money supply.
Index Terms: Cashless Policy; Economic Growth; Money Supply
Type : Research paper
Published : Volume-3,Issue-9
DOIONLINE NO - IJMAS-IRAJ-DOIONLINE-9236
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Copyright: © Institute of Research and Journals
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Published on 2017-11-23 |
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