Does Interest Rate Really Stimulate Savings in Nigeria?
Research background: Interest rate as a stimulus to savings has been discussed by many scholars while ancient scholars kicked against the collection of usury (interest). Developing countries like Nigeria may not be stimulated with the rate of interest because of its insignificant level, which is pre...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Sciendo
2022-12-01
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| Series: | Folia Oeconomica Stetinensia |
| Subjects: | |
| Online Access: | https://doi.org/10.2478/foli-2022-0017 |
| _version_ | 1797947710598283264 |
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| author | Babalola Abdurrauf Abdul Abiodun Ibrahim |
| author_facet | Babalola Abdurrauf Abdul Abiodun Ibrahim |
| author_sort | Babalola Abdurrauf |
| collection | DOAJ |
| description | Research background: Interest rate as a stimulus to savings has been discussed by many scholars while ancient scholars kicked against the collection of usury (interest). Developing countries like Nigeria may not be stimulated with the rate of interest because of its insignificant level, which is presently causing financial exclusion against the opponents of interest. |
| first_indexed | 2024-04-10T21:32:07Z |
| format | Article |
| id | doaj.art-d1294c5586d544249b669468f95b4ac9 |
| institution | Directory Open Access Journal |
| issn | 1898-0198 |
| language | English |
| last_indexed | 2024-04-10T21:32:07Z |
| publishDate | 2022-12-01 |
| publisher | Sciendo |
| record_format | Article |
| series | Folia Oeconomica Stetinensia |
| spelling | doaj.art-d1294c5586d544249b669468f95b4ac92023-01-19T13:20:29ZengSciendoFolia Oeconomica Stetinensia1898-01982022-12-01222183710.2478/foli-2022-0017Does Interest Rate Really Stimulate Savings in Nigeria?Babalola Abdurrauf0Abdul Abiodun Ibrahim1Ph.D., Department of Economics, Faculty of Management Sciences, Al-Hikmah University, Ilorin, Nigeria; e-mail: abdclement@yahoo.comM.Sc., Department of Economics, Faculty of Social Sciences, University of Abuja,FCT, NigeriaResearch background: Interest rate as a stimulus to savings has been discussed by many scholars while ancient scholars kicked against the collection of usury (interest). Developing countries like Nigeria may not be stimulated with the rate of interest because of its insignificant level, which is presently causing financial exclusion against the opponents of interest.https://doi.org/10.2478/foli-2022-0017deposit rateinterest rateinsecuritysavingstreasury bille40e43e51 |
| spellingShingle | Babalola Abdurrauf Abdul Abiodun Ibrahim Does Interest Rate Really Stimulate Savings in Nigeria? Folia Oeconomica Stetinensia deposit rate interest rate insecurity savings treasury bill e40 e43 e51 |
| title | Does Interest Rate Really Stimulate Savings in Nigeria? |
| title_full | Does Interest Rate Really Stimulate Savings in Nigeria? |
| title_fullStr | Does Interest Rate Really Stimulate Savings in Nigeria? |
| title_full_unstemmed | Does Interest Rate Really Stimulate Savings in Nigeria? |
| title_short | Does Interest Rate Really Stimulate Savings in Nigeria? |
| title_sort | does interest rate really stimulate savings in nigeria |
| topic | deposit rate interest rate insecurity savings treasury bill e40 e43 e51 |
| url | https://doi.org/10.2478/foli-2022-0017 |
| work_keys_str_mv | AT babalolaabdurrauf doesinterestratereallystimulatesavingsinnigeria AT abdulabiodunibrahim doesinterestratereallystimulatesavingsinnigeria |