Department of Banking and Finance

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    Determinants of International Reserves Among Organisation of Petroleum Exporting Countries (OPEC)
    (Comparative Economic Research. Central and Eastern Europe Volume 25, Number 3, 2022) Bada, Oladejo Tokunbo; Adetiloye, Kehinde Adekunle; Olokoyo, Felicia O.; Ukporhe, Grace
    Member countries of the Organisation of Petroleum Exporting Countries (OPEC) are always in the news regarding the prices and supply of crude oil to the international market. One of the economic reasons for this is liquidity and the desire to accumulate international re serves by the respective countries. This paper examined the determinants of international reserves among the cartel against the backdrop of the motives for keeping reserves. With data from 2005 to 2018, the adopted variables that were tested with the system of gen eralised methods of moments (Sy‑GMM) are inflation, exchange rates, oil prices, crude oil dependence, economic crises and others. The results and outputs show that inflation was negatively impactful externally and internally, while FDI inflows recorded negative signifi cance. Economic crises and economic openness were positively significant, while oil prices and exchange rates were not significant determinants of international reserves accumula tion. The paper recommends the maximisation of opportunities available by members during economic crises to accumulate reserves that will enable them to diversify from depend ence on crude oil exports to include other products and a higher level of openness to open the economy up for competition to make the economies stronger.
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    Determinants of International Reserves Among Organisation of Petroleum Exporting Countries (OPEC)
    (Comparative Economic Research. Central and Eastern Europe Volume 25, Number 3,, 2022) Bada, Oladejo Tokunbo; Adetiloye, Kehinde Adekunle; Olokoyo, Felicia Omowunmi; Ukporhe, Grace
    Member countries of the Organisation of Petroleum Exporting Countries (OPEC) are always in the news regarding the prices and supply of crude oil to the international market. One of the economic reasons for this is liquidity and the desire to accumulate international reserves by the respective countries. This paper examined the determinants of international reserves among the cartel against the backdrop of the motives for keeping reserves. With data from 2005 to 2018, the adopted variables that were tested with the system of generalised methods of moments (Sy‑GMM) are inflation, exchange rates, oil prices, crude oil dependence, economic crises and others. The results and outputs show that inflation was negatively impactful externally and internally, while FDI inflows recorded negative significance. Economic crises and economic openness were positively significant, while oil prices and exchange rates were not significant determinants of international reserves accumulation. The paper recommends the maximisation of opportunities available by members during economic crises to accumulate reserves that will enable them to diversify from dependence on crude oil exports to include other products and a higher level of openness to open the economy up for competition to make the economies stronger.
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    Investigating the Nexus Between Investor Sentiment and Stock Return Volatility in Nigeria
    (International Journal of Multidisplinary and Current Education Research Vol 5, Issue 3, 2023) Ayinuola, Tunde Folorunso; Adetiloye, Kehinde Adekunle
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    The criticality of credit recovery m banking system stability: A GM:M I estimation
    (Asian Economic and Financial Review, 2024) Amadi, Nkem Agatha; Adetiloye, Kehinde Adekunle; Amadi, Idimmachi Pius
    This study examines the criticality of credit recovery on banking system stability in Nigeria using data from 2007 to 2020. T he system generalized method of moments (SYSGMM) was used to analyze the data and determine the presence of cointegrating relationships among the Yariables. The fmdings revealed that credit recovery positively and significantly influences banl;ing system stability. It was discoYered that the recovery rate positively and significantly impacts the banking system stability in the short and long terms. In contrast, recovery expense only negatively and significantly affects the banking system in the short term. T his implies that credit recovery is critical in business endeavors and operations for banks. Hence, the longer the delay in recoYering bad debts, the more banks lose the opportunity to earn income fi·om substiU1te investments, and collateral may lose value. Therefore, this study recommends that banks' management agg-ressively pursue the repayment of bad loans and maintain favorable and minimal recoYery expenses, particularly with external debt recovery agents, to ensure that the cost of recovery is not higher than the amount recovered.