id	sid	tid	token	lemma	pos
esutjss-271	1	1	volume	volume	NOUN
esutjss-271	1	2	10	10	NUM
esutjss-271	1	3	number	number	NOUN
esutjss-271	1	4	1	1	NUM
esutjss-271	1	5	,	,	PUNCT
esutjss-271	1	6	2025	2025	NUM
esutjss-271	1	7	faculty	faculty	NOUN
esutjss-271	1	8	of	of	ADP
esutjss-271	1	9	social	social	ADJ
esutjss-271	1	10	sciences	science	NOUN
esutjss-271	1	11	,	,	PUNCT
esutjss-271	1	12	enugu	enugu	PROPN
esutjss-271	1	13	state	state	PROPN
esutjss-271	1	14	university	university	PROPN
esutjss-271	1	15	of	of	ADP
esutjss-271	1	16	science	science	NOUN
esutjss-271	1	17	and	and	CCONJ
esutjss-271	1	18	technology	technology	NOUN
esutjss-271	1	19	editor	editor	NOUN
esutjss-271	1	20	-	-	PUNCT
esutjss-271	1	21	in	in	ADP
esutjss-271	1	22	-	-	PUNCT
esutjss-271	1	23	chief	chief	NOUN
esutjss-271	1	24	prof	prof	NOUN
esutjss-271	1	25	.	.	PUNCT
esutjss-271	2	1	nicholas	nicholas	PROPN
esutjss-271	2	2	attamah	attamah	VERB
esutjss-271	2	3	managing	manage	VERB
esutjss-271	2	4	editor	editor	NOUN
esutjss-271	2	5	prof	prof	PROPN
esutjss-271	2	6	.	.	PUNCT
esutjss-271	3	1	barnabas	barnabas	PROPN
esutjss-271	3	2	nwankwo	nwankwo	PROPN
esutjss-271	3	3	published	publish	VERB
esutjss-271	3	4	by	by	ADP
esutjss-271	3	5	enugu	enugu	PROPN
esutjss-271	3	6	state	state	PROPN
esutjss-271	3	7	university	university	PROPN
esutjss-271	3	8	of	of	ADP
esutjss-271	3	9	science	science	PROPN
esutjss-271	3	10	&	&	CCONJ
esutjss-271	3	11	technology	technology	PROPN
esutjss-271	3	12	journal	journal	NOUN
esutjss-271	3	13	of	of	ADP
esutjss-271	3	14	social	social	PROPN
esutjss-271	3	15	sciences	sciences	PROPN
esutjss-271	3	16	&	&	CCONJ
esutjss-271	3	17	humanities	humanities	PROPN
esutjss-271	3	18	118	118	NUM
esutjss-271	3	19	nonlinear	nonlinear	ADJ
esutjss-271	3	20	autoregressive	autoregressive	ADJ
esutjss-271	3	21	approach	approach	NOUN
esutjss-271	3	22	to	to	ADP
esutjss-271	3	23	monetary	monetary	ADJ
esutjss-271	3	24	policy	policy	NOUN
esutjss-271	3	25	rate	rate	NOUN
esutjss-271	3	26	and	and	CCONJ
esutjss-271	3	27	nigerian	nigerian	ADJ
esutjss-271	3	28	capital	capital	NOUN
esutjss-271	3	29	market	market	NOUN
esutjss-271	3	30	development	development	NOUN
esutjss-271	3	31	nwaigwe	nwaigwe	PROPN
esutjss-271	3	32	,	,	PUNCT
esutjss-271	3	33	francis	francis	PROPN
esutjss-271	3	34	,	,	PUNCT
esutjss-271	3	35	o.1	o.1	X
esutjss-271	3	36	,	,	PUNCT
esutjss-271	3	37	anaenugwu	anaenugwu	ADJ
esutjss-271	3	38	,	,	PUNCT
esutjss-271	3	39	ndubuisi	ndubuisi	PROPN
esutjss-271	3	40	.	.	PUNCT
esutjss-271	4	1	v.2	v.2	PROPN
esutjss-271	4	2	,	,	PUNCT
esutjss-271	4	3	mgbemena	mgbemena	NOUN
esutjss-271	4	4	onyinye	onyinye	PROPN
esutjss-271	4	5	,	,	PUNCT
esutjss-271	4	6	o.3	o.3	PROPN
esutjss-271	4	7	1university	1university	NUM
esutjss-271	4	8	of	of	ADP
esutjss-271	4	9	st	st	PROPN
esutjss-271	4	10	.	.	PROPN
esutjss-271	4	11	thomas	thomas	PROPN
esutjss-271	4	12	,	,	PUNCT
esutjss-271	4	13	mozambique	mozambique	PROPN
esutjss-271	4	14	business	business	PROPN
esutjss-271	4	15	school	school	PROPN
esutjss-271	4	16	,	,	PUNCT
esutjss-271	4	17	maputo	maputo	PROPN
esutjss-271	4	18	2department	2department	NUM
esutjss-271	4	19	of	of	ADP
esutjss-271	4	20	economics	economic	NOUN
esutjss-271	4	21	,	,	PUNCT
esutjss-271	4	22	nnamdi	nnamdi	PROPN
esutjss-271	4	23	azikiwe	azikiwe	PROPN
esutjss-271	4	24	university	university	PROPN
esutjss-271	4	25	,	,	PUNCT
esutjss-271	4	26	awka	awka	NOUN
esutjss-271	4	27	3department	3department	NUM
esutjss-271	4	28	of	of	ADP
esutjss-271	4	29	economics	economic	NOUN
esutjss-271	4	30	,	,	PUNCT
esutjss-271	4	31	michael	michael	PROPN
esutjss-271	4	32	okpara	okpara	PROPN
esutjss-271	4	33	university	university	PROPN
esutjss-271	4	34	,	,	PUNCT
esutjss-271	4	35	umudike	umudike	PROPN
esutjss-271	4	36	umuahia	umuahia	PROPN
esutjss-271	4	37	abstract	abstract	ADJ
esutjss-271	4	38	capital	capital	NOUN
esutjss-271	4	39	market	market	NOUN
esutjss-271	4	40	is	be	AUX
esutjss-271	4	41	crucial	crucial	ADJ
esutjss-271	4	42	for	for	ADP
esutjss-271	4	43	economic	economic	ADJ
esutjss-271	4	44	growth	growth	NOUN
esutjss-271	4	45	by	by	ADP
esutjss-271	4	46	facilitating	facilitate	VERB
esutjss-271	4	47	the	the	DET
esutjss-271	4	48	flow	flow	NOUN
esutjss-271	4	49	of	of	ADP
esutjss-271	4	50	funds	fund	NOUN
esutjss-271	4	51	between	between	ADP
esutjss-271	4	52	those	those	PRON
esutjss-271	4	53	who	who	PRON
esutjss-271	4	54	need	need	VERB
esutjss-271	4	55	capital	capital	NOUN
esutjss-271	4	56	and	and	CCONJ
esutjss-271	4	57	those	those	PRON
esutjss-271	4	58	who	who	PRON
esutjss-271	4	59	have	have	VERB
esutjss-271	4	60	it	it	PRON
esutjss-271	4	61	.	.	PUNCT
esutjss-271	5	1	this	this	DET
esutjss-271	5	2	paper	paper	NOUN
esutjss-271	5	3	examined	examine	VERB
esutjss-271	5	4	the	the	DET
esutjss-271	5	5	impact	impact	NOUN
esutjss-271	5	6	of	of	ADP
esutjss-271	5	7	monetary	monetary	ADJ
esutjss-271	5	8	policy	policy	NOUN
esutjss-271	5	9	rate	rate	NOUN
esutjss-271	5	10	on	on	ADP
esutjss-271	5	11	the	the	DET
esutjss-271	5	12	nigerian	nigerian	ADJ
esutjss-271	5	13	capital	capital	NOUN
esutjss-271	5	14	market	market	NOUN
esutjss-271	5	15	development	development	NOUN
esutjss-271	5	16	from	from	ADP
esutjss-271	5	17	1990	1990	NUM
esutjss-271	5	18	to	to	ADP
esutjss-271	5	19	2024	2024	NUM
esutjss-271	5	20	,	,	PUNCT
esutjss-271	5	21	using	use	VERB
esutjss-271	5	22	the	the	DET
esutjss-271	5	23	non	non	ADJ
esutjss-271	5	24	-	-	ADJ
esutjss-271	5	25	linear	linear	ADJ
esutjss-271	5	26	autoregressive	autoregressive	ADJ
esutjss-271	5	27	distributed	distribute	VERB
esutjss-271	5	28	lag	lag	NOUN
esutjss-271	5	29	(	(	PUNCT
esutjss-271	5	30	nardl	nardl	NOUN
esutjss-271	5	31	)	)	PUNCT
esutjss-271	5	32	model	model	NOUN
esutjss-271	5	33	approach	approach	NOUN
esutjss-271	5	34	.	.	PUNCT
esutjss-271	6	1	the	the	DET
esutjss-271	6	2	specific	specific	ADJ
esutjss-271	6	3	objective	objective	NOUN
esutjss-271	6	4	of	of	ADP
esutjss-271	6	5	this	this	DET
esutjss-271	6	6	paper	paper	NOUN
esutjss-271	6	7	is	be	AUX
esutjss-271	6	8	to	to	PART
esutjss-271	6	9	determine	determine	VERB
esutjss-271	6	10	the	the	DET
esutjss-271	6	11	impact	impact	NOUN
esutjss-271	6	12	of	of	ADP
esutjss-271	6	13	monetary	monetary	ADJ
esutjss-271	6	14	policy	policy	NOUN
esutjss-271	6	15	rate	rate	NOUN
esutjss-271	6	16	on	on	ADP
esutjss-271	6	17	the	the	DET
esutjss-271	6	18	all	all	DET
esutjss-271	6	19	-	-	PUNCT
esutjss-271	6	20	share	share	NOUN
esutjss-271	6	21	index	index	NOUN
esutjss-271	6	22	and	and	CCONJ
esutjss-271	6	23	the	the	DET
esutjss-271	6	24	included	include	VERB
esutjss-271	6	25	variables	variable	NOUN
esutjss-271	6	26	are	be	AUX
esutjss-271	6	27	monetary	monetary	ADJ
esutjss-271	6	28	policy	policy	NOUN
esutjss-271	6	29	rate	rate	NOUN
esutjss-271	6	30	,	,	PUNCT
esutjss-271	6	31	broad	broad	ADJ
esutjss-271	6	32	money	money	NOUN
esutjss-271	6	33	supply	supply	NOUN
esutjss-271	6	34	,	,	PUNCT
esutjss-271	6	35	inflation	inflation	NOUN
esutjss-271	6	36	rate	rate	NOUN
esutjss-271	6	37	,	,	PUNCT
esutjss-271	6	38	nominal	nominal	ADJ
esutjss-271	6	39	exchange	exchange	NOUN
esutjss-271	6	40	rate	rate	NOUN
esutjss-271	6	41	and	and	CCONJ
esutjss-271	6	42	91treasury	91treasury	NUM
esutjss-271	6	43	bill	bill	NOUN
esutjss-271	6	44	as	as	ADP
esutjss-271	6	45	the	the	DET
esutjss-271	6	46	explanatory	explanatory	ADJ
esutjss-271	6	47	variables	variable	NOUN
esutjss-271	6	48	and	and	CCONJ
esutjss-271	6	49	the	the	DET
esutjss-271	6	50	all	all	DET
esutjss-271	6	51	-	-	PUNCT
esutjss-271	6	52	share	share	NOUN
esutjss-271	6	53	index	index	NOUN
esutjss-271	6	54	as	as	ADP
esutjss-271	6	55	the	the	DET
esutjss-271	6	56	dependent	dependent	ADJ
esutjss-271	6	57	variable	variable	NOUN
esutjss-271	6	58	.	.	PUNCT
esutjss-271	7	1	the	the	DET
esutjss-271	7	2	data	datum	NOUN
esutjss-271	7	3	were	be	AUX
esutjss-271	7	4	sourced	source	VERB
esutjss-271	7	5	from	from	ADP
esutjss-271	7	6	central	central	ADJ
esutjss-271	7	7	bank	bank	PROPN
esutjss-271	7	8	of	of	ADP
esutjss-271	7	9	nigeria	nigeria	PROPN
esutjss-271	7	10	statistical	statistical	ADJ
esutjss-271	7	11	bulletin	bulletin	NOUN
esutjss-271	7	12	and	and	CCONJ
esutjss-271	7	13	national	national	ADJ
esutjss-271	7	14	bureau	bureau	NOUN
esutjss-271	7	15	of	of	ADP
esutjss-271	7	16	statistics	statistic	NOUN
esutjss-271	7	17	.	.	PUNCT
esutjss-271	8	1	from	from	ADP
esutjss-271	8	2	the	the	DET
esutjss-271	8	3	result	result	NOUN
esutjss-271	8	4	,	,	PUNCT
esutjss-271	8	5	it	it	PRON
esutjss-271	8	6	was	be	AUX
esutjss-271	8	7	shown	show	VERB
esutjss-271	8	8	that	that	SCONJ
esutjss-271	8	9	an	an	DET
esutjss-271	8	10	increase	increase	NOUN
esutjss-271	8	11	in	in	ADP
esutjss-271	8	12	the	the	DET
esutjss-271	8	13	monetary	monetary	ADJ
esutjss-271	8	14	policy	policy	NOUN
esutjss-271	8	15	rate	rate	NOUN
esutjss-271	8	16	resulted	result	VERB
esutjss-271	8	17	to	to	ADP
esutjss-271	8	18	18	18	NUM
esutjss-271	8	19	percent	percent	NOUN
esutjss-271	8	20	increase	increase	NOUN
esutjss-271	8	21	in	in	ADP
esutjss-271	8	22	capital	capital	NOUN
esutjss-271	8	23	market	market	NOUN
esutjss-271	8	24	indicator	indicator	NOUN
esutjss-271	8	25	,	,	PUNCT
esutjss-271	8	26	all	all	DET
esutjss-271	8	27	share	share	NOUN
esutjss-271	8	28	index	index	NOUN
esutjss-271	8	29	.	.	PUNCT
esutjss-271	9	1	furthermore	furthermore	ADV
esutjss-271	9	2	,	,	PUNCT
esutjss-271	9	3	a	a	DET
esutjss-271	9	4	decrease	decrease	NOUN
esutjss-271	9	5	in	in	ADP
esutjss-271	9	6	the	the	DET
esutjss-271	9	7	monetary	monetary	ADJ
esutjss-271	9	8	policy	policy	NOUN
esutjss-271	9	9	rate	rate	NOUN
esutjss-271	9	10	resulted	result	VERB
esutjss-271	9	11	to	to	ADP
esutjss-271	9	12	a	a	DET
esutjss-271	9	13	4	4	NUM
esutjss-271	9	14	percent	percent	NOUN
esutjss-271	9	15	decrease	decrease	NOUN
esutjss-271	9	16	in	in	ADP
esutjss-271	9	17	the	the	DET
esutjss-271	9	18	all	all	DET
esutjss-271	9	19	-	-	PUNCT
esutjss-271	9	20	share	share	NOUN
esutjss-271	9	21	index	index	NOUN
esutjss-271	9	22	while	while	SCONJ
esutjss-271	9	23	a	a	DET
esutjss-271	9	24	percentage	percentage	NOUN
esutjss-271	9	25	increase	increase	NOUN
esutjss-271	9	26	in	in	ADP
esutjss-271	9	27	treasury	treasury	PROPN
esutjss-271	9	28	bill	bill	NOUN
esutjss-271	9	29	resulted	result	VERB
esutjss-271	9	30	to	to	ADP
esutjss-271	9	31	9	9	NUM
esutjss-271	9	32	percent	percent	NOUN
esutjss-271	9	33	increase	increase	NOUN
esutjss-271	9	34	in	in	ADP
esutjss-271	9	35	all	all	DET
esutjss-271	9	36	-	-	PUNCT
esutjss-271	9	37	share	share	NOUN
esutjss-271	9	38	.	.	PUNCT
esutjss-271	10	1	this	this	DET
esutjss-271	10	2	paper	paper	NOUN
esutjss-271	10	3	concluded	conclude	VERB
esutjss-271	10	4	that	that	SCONJ
esutjss-271	10	5	the	the	DET
esutjss-271	10	6	monetary	monetary	ADJ
esutjss-271	10	7	policy	policy	NOUN
esutjss-271	10	8	rate	rate	NOUN
esutjss-271	10	9	has	have	VERB
esutjss-271	10	10	a	a	DET
esutjss-271	10	11	significant	significant	ADJ
esutjss-271	10	12	impact	impact	NOUN
esutjss-271	10	13	on	on	ADP
esutjss-271	10	14	the	the	DET
esutjss-271	10	15	nigerian	nigerian	ADJ
esutjss-271	10	16	capital	capital	NOUN
esutjss-271	10	17	market	market	NOUN
esutjss-271	10	18	development	development	NOUN
esutjss-271	10	19	and	and	CCONJ
esutjss-271	10	20	recommended	recommend	VERB
esutjss-271	10	21	among	among	ADP
esutjss-271	10	22	others	other	NOUN
esutjss-271	10	23	as	as	SCONJ
esutjss-271	10	24	follows	follow	VERB
esutjss-271	10	25	:	:	PUNCT
esutjss-271	10	26	the	the	DET
esutjss-271	10	27	central	central	ADJ
esutjss-271	10	28	bank	bank	PROPN
esutjss-271	10	29	of	of	ADP
esutjss-271	10	30	nigeria	nigeria	PROPN
esutjss-271	10	31	(	(	PUNCT
esutjss-271	10	32	cbn	cbn	PROPN
esutjss-271	10	33	)	)	PUNCT
esutjss-271	10	34	should	should	AUX
esutjss-271	10	35	implement	implement	VERB
esutjss-271	10	36	monetary	monetary	ADJ
esutjss-271	10	37	policy	policy	NOUN
esutjss-271	10	38	rate	rate	NOUN
esutjss-271	10	39	adjustment	adjustment	NOUN
esutjss-271	10	40	that	that	PRON
esutjss-271	10	41	is	be	AUX
esutjss-271	10	42	economy	economy	NOUN
esutjss-271	10	43	sensitive	sensitive	ADJ
esutjss-271	10	44	,	,	PUNCT
esutjss-271	10	45	so	so	SCONJ
esutjss-271	10	46	at	at	SCONJ
esutjss-271	10	47	to	to	PART
esutjss-271	10	48	maintain	maintain	VERB
esutjss-271	10	49	a	a	DET
esutjss-271	10	50	balance	balance	NOUN
esutjss-271	10	51	between	between	ADP
esutjss-271	10	52	curbing	curb	VERB
esutjss-271	10	53	inflation	inflation	NOUN
esutjss-271	10	54	and	and	CCONJ
esutjss-271	10	55	encouraging	encourage	VERB
esutjss-271	10	56	investment	investment	NOUN
esutjss-271	10	57	in	in	ADP
esutjss-271	10	58	equities	equity	NOUN
esutjss-271	10	59	for	for	ADP
esutjss-271	10	60	economic	economic	ADJ
esutjss-271	10	61	growth	growth	NOUN
esutjss-271	10	62	.	.	PUNCT
esutjss-271	11	1	keywords	keyword	NOUN
esutjss-271	11	2	:	:	PUNCT
esutjss-271	11	3	inflation	inflation	NOUN
esutjss-271	11	4	,	,	PUNCT
esutjss-271	11	5	m2	m2	PROPN
esutjss-271	11	6	/	/	SYM
esutjss-271	11	7	gdp	gdp	PROPN
esutjss-271	11	8	,	,	PUNCT
esutjss-271	11	9	monetary	monetary	ADJ
esutjss-271	11	10	policy	policy	NOUN
esutjss-271	11	11	rate	rate	NOUN
esutjss-271	11	12	,	,	PUNCT
esutjss-271	11	13	nominal	nominal	ADJ
esutjss-271	11	14	interest	interest	NOUN
esutjss-271	11	15	rate	rate	NOUN
esutjss-271	11	16	,	,	PUNCT
esutjss-271	11	17	treasury	treasury	PROPN
esutjss-271	11	18	bill	bill	PROPN
esutjss-271	11	19	rate	rate	PROPN
esutjss-271	11	20	jel	jel	PROPN
esutjss-271	11	21	codes	code	NOUN
esutjss-271	11	22	:	:	PUNCT
esutjss-271	11	23	e52	e52	PROPN
esutjss-271	11	24	,	,	PUNCT
esutjss-271	11	25	e58	e58	PROPN
esutjss-271	11	26	,	,	PUNCT
esutjss-271	11	27	e31	e31	PROPN
esutjss-271	11	28	,	,	PUNCT
esutjss-271	11	29	g12	g12	PROPN
esutjss-271	11	30	1	1	NUM
esutjss-271	11	31	.	.	PUNCT
esutjss-271	11	32	introduction	introduction	NOUN
esutjss-271	11	33	capital	capital	NOUN
esutjss-271	11	34	market	market	NOUN
esutjss-271	11	35	development	development	NOUN
esutjss-271	11	36	refers	refer	VERB
esutjss-271	11	37	to	to	ADP
esutjss-271	11	38	the	the	DET
esutjss-271	11	39	process	process	NOUN
esutjss-271	11	40	of	of	ADP
esutjss-271	11	41	enhancing	enhance	VERB
esutjss-271	11	42	the	the	DET
esutjss-271	11	43	efficiency	efficiency	NOUN
esutjss-271	11	44	,	,	PUNCT
esutjss-271	11	45	transparency	transparency	NOUN
esutjss-271	11	46	,	,	PUNCT
esutjss-271	11	47	and	and	CCONJ
esutjss-271	11	48	accessibility	accessibility	NOUN
esutjss-271	11	49	of	of	ADP
esutjss-271	11	50	financial	financial	ADJ
esutjss-271	11	51	market	market	NOUN
esutjss-271	11	52	where	where	SCONJ
esutjss-271	11	53	long	long	ADJ
esutjss-271	11	54	-	-	PUNCT
esutjss-271	11	55	term	term	NOUN
esutjss-271	11	56	fixed	fix	VERB
esutjss-271	11	57	and	and	CCONJ
esutjss-271	11	58	variable	variable	ADJ
esutjss-271	11	59	income	income	NOUN
esutjss-271	11	60	instruments	instrument	NOUN
esutjss-271	11	61	are	be	AUX
esutjss-271	11	62	traded	trade	VERB
esutjss-271	11	63	.	.	PUNCT
esutjss-271	12	1	normally	normally	ADV
esutjss-271	12	2	,	,	PUNCT
esutjss-271	12	3	it	it	PRON
esutjss-271	12	4	involves	involve	VERB
esutjss-271	12	5	the	the	DET
esutjss-271	12	6	financial	financial	ADJ
esutjss-271	12	7	institutions	institution	NOUN
esutjss-271	12	8	,	,	PUNCT
esutjss-271	12	9	instruments	instrument	NOUN
esutjss-271	12	10	and	and	CCONJ
esutjss-271	12	11	the	the	DET
esutjss-271	12	12	regulatory	regulatory	ADJ
esutjss-271	12	13	frameworks	framework	NOUN
esutjss-271	12	14	(	(	PUNCT
esutjss-271	12	15	security	security	NOUN
esutjss-271	12	16	&	&	CCONJ
esutjss-271	12	17	exchange	exchange	PROPN
esutjss-271	12	18	commission	commission	PROPN
esutjss-271	12	19	,	,	PUNCT
esutjss-271	12	20	and	and	CCONJ
esutjss-271	12	21	the	the	DET
esutjss-271	12	22	nigerian	nigerian	ADJ
esutjss-271	12	23	stock	stock	NOUN
esutjss-271	12	24	exchange	exchange	PROPN
esutjss-271	12	25	)	)	PUNCT
esutjss-271	12	26	to	to	PART
esutjss-271	12	27	facilitate	facilitate	VERB
esutjss-271	12	28	the	the	DET
esutjss-271	12	29	growth	growth	NOUN
esutjss-271	12	30	and	and	CCONJ
esutjss-271	12	31	development	development	NOUN
esutjss-271	12	32	.	.	PUNCT
esutjss-271	13	1	in	in	ADP
esutjss-271	13	2	sum	sum	NOUN
esutjss-271	13	3	,	,	PUNCT
esutjss-271	13	4	it	it	PRON
esutjss-271	13	5	’s	’	VERB
esutjss-271	13	6	about	about	ADP
esutjss-271	13	7	creating	create	VERB
esutjss-271	13	8	a	a	DET
esutjss-271	13	9	more	more	ADV
esutjss-271	13	10	robust	robust	ADJ
esutjss-271	13	11	and	and	CCONJ
esutjss-271	13	12	reliable	reliable	ADJ
esutjss-271	13	13	eco	eco	NOUN
esutjss-271	13	14	system	system	NOUN
esutjss-271	13	15	for	for	ADP
esutjss-271	13	16	raising	raise	VERB
esutjss-271	13	17	capital	capital	NOUN
esutjss-271	13	18	,	,	PUNCT
esutjss-271	13	19	channeling	channel	VERB
esutjss-271	13	20	savings	saving	NOUN
esutjss-271	13	21	into	into	ADP
esutjss-271	13	22	investments	investment	NOUN
esutjss-271	13	23	and	and	CCONJ
esutjss-271	13	24	promoting	promote	VERB
esutjss-271	13	25	financial	financial	ADJ
esutjss-271	13	26	stability	stability	NOUN
esutjss-271	13	27	.	.	PUNCT
esutjss-271	14	1	some	some	PRON
esutjss-271	14	2	of	of	ADP
esutjss-271	14	3	the	the	DET
esutjss-271	14	4	key	key	ADJ
esutjss-271	14	5	aspects	aspect	NOUN
esutjss-271	14	6	of	of	ADP
esutjss-271	14	7	the	the	DET
esutjss-271	14	8	capital	capital	NOUN
esutjss-271	14	9	include	include	VERB
esutjss-271	14	10	:	:	PUNCT
esutjss-271	14	11	improving	improve	VERB
esutjss-271	14	12	regulatory	regulatory	ADJ
esutjss-271	14	13	frameworks	framework	NOUN
esutjss-271	14	14	,	,	PUNCT
esutjss-271	14	15	strengthening	strengthen	VERB
esutjss-271	14	16	market	market	NOUN
esutjss-271	14	17	infrastructure	infrastructure	NOUN
esutjss-271	14	18	,	,	PUNCT
esutjss-271	14	19	diversifying	diversify	VERB
esutjss-271	14	20	financial	financial	ADJ
esutjss-271	14	21	instruments	instrument	NOUN
esutjss-271	14	22	,	,	PUNCT
esutjss-271	14	23	expanding	expand	VERB
esutjss-271	14	24	investors	investor	NOUN
esutjss-271	14	25	’	'	PUNCT
esutjss-271	14	26	base	base	NOUN
esutjss-271	14	27	,	,	PUNCT
esutjss-271	14	28	promoting	promote	VERB
esutjss-271	14	29	market	market	NOUN
esutjss-271	14	30	education	education	NOUN
esutjss-271	14	31	and	and	CCONJ
esutjss-271	14	32	facilitating	facilitate	VERB
esutjss-271	14	33	access	access	NOUN
esutjss-271	14	34	to	to	ADP
esutjss-271	14	35	capital	capital	NOUN
esutjss-271	14	36	for	for	ADP
esutjss-271	14	37	businesses	business	NOUN
esutjss-271	14	38	.	.	PUNCT
esutjss-271	15	1	the	the	DET
esutjss-271	15	2	benefits	benefit	NOUN
esutjss-271	15	3	of	of	ADP
esutjss-271	15	4	the	the	DET
esutjss-271	15	5	capital	capital	NOUN
esutjss-271	15	6	market	market	NOUN
esutjss-271	15	7	development	development	NOUN
esutjss-271	15	8	are	be	AUX
esutjss-271	15	9	:	:	PUNCT
esutjss-271	15	10	increased	increase	VERB
esutjss-271	15	11	economic	economic	ADJ
esutjss-271	15	12	growth	growth	NOUN
esutjss-271	15	13	,	,	PUNCT
esutjss-271	15	14	enhanced	enhance	VERB
esutjss-271	15	15	financial	financial	ADJ
esutjss-271	15	16	stability	stability	NOUN
esutjss-271	15	17	,	,	PUNCT
esutjss-271	15	18	improved	improve	VERB
esutjss-271	15	19	access	access	NOUN
esutjss-271	15	20	to	to	ADP
esutjss-271	15	21	finance	finance	NOUN
esutjss-271	15	22	for	for	ADP
esutjss-271	15	23	business	business	NOUN
esutjss-271	15	24	and	and	CCONJ
esutjss-271	15	25	greater	great	ADJ
esutjss-271	15	26	investment	investment	NOUN
esutjss-271	15	27	opportunities	opportunity	NOUN
esutjss-271	15	28	for	for	ADP
esutjss-271	15	29	investors	investor	NOUN
esutjss-271	15	30	.	.	PUNCT
esutjss-271	16	1	the	the	DET
esutjss-271	16	2	proxy	proxy	NOUN
esutjss-271	16	3	for	for	ADP
esutjss-271	16	4	capital	capital	NOUN
esutjss-271	16	5	market	market	NOUN
esutjss-271	16	6	development	development	NOUN
esutjss-271	16	7	is	be	AUX
esutjss-271	16	8	the	the	DET
esutjss-271	16	9	nigerian	nigerian	ADJ
esutjss-271	16	10	stock	stock	NOUN
esutjss-271	16	11	exchange	exchange	PROPN
esutjss-271	16	12	all	all	DET
esutjss-271	16	13	share	share	NOUN
esutjss-271	16	14	index	index	NOUN
esutjss-271	16	15	that	that	PRON
esutjss-271	16	16	reflects	reflect	VERB
esutjss-271	16	17	the	the	DET
esutjss-271	16	18	performance	performance	NOUN
esutjss-271	16	19	/development	/development	NOUN
esutjss-271	16	20	of	of	ADP
esutjss-271	16	21	the	the	DET
esutjss-271	16	22	capital	capital	NOUN
esutjss-271	16	23	market	market	NOUN
esutjss-271	16	24	(	(	PUNCT
esutjss-271	16	25	nwude	nwude	ADJ
esutjss-271	16	26	,	,	PUNCT
esutjss-271	16	27	2018	2018	NUM
esutjss-271	16	28	)	)	PUNCT
esutjss-271	16	29	.	.	PUNCT
esutjss-271	17	1	119	119	NUM
esutjss-271	17	2	in	in	ADP
esutjss-271	17	3	nigeria	nigeria	PROPN
esutjss-271	17	4	,	,	PUNCT
esutjss-271	17	5	interest	interest	NOUN
esutjss-271	17	6	rate	rate	NOUN
esutjss-271	17	7	decisions	decision	NOUN
esutjss-271	17	8	are	be	AUX
esutjss-271	17	9	taken	take	VERB
esutjss-271	17	10	by	by	ADP
esutjss-271	17	11	the	the	DET
esutjss-271	17	12	central	central	ADJ
esutjss-271	17	13	bank	bank	PROPN
esutjss-271	17	14	of	of	ADP
esutjss-271	17	15	nigeria	nigeria	PROPN
esutjss-271	17	16	(	(	PUNCT
esutjss-271	17	17	cbn	cbn	PROPN
esutjss-271	17	18	)	)	PUNCT
esutjss-271	17	19	.	.	PUNCT
esutjss-271	18	1	the	the	DET
esutjss-271	18	2	official	official	ADJ
esutjss-271	18	3	rate	rate	NOUN
esutjss-271	18	4	is	be	AUX
esutjss-271	18	5	the	the	DET
esutjss-271	18	6	monetary	monetary	ADJ
esutjss-271	18	7	policy	policy	NOUN
esutjss-271	18	8	rate	rate	NOUN
esutjss-271	18	9	(	(	PUNCT
esutjss-271	18	10	mpr	mpr	NOUN
esutjss-271	18	11	)	)	PUNCT
esutjss-271	18	12	,	,	PUNCT
esutjss-271	18	13	the	the	DET
esutjss-271	18	14	nigerian	nigerian	ADJ
esutjss-271	18	15	anchor	anchor	NOUN
esutjss-271	18	16	rate	rate	NOUN
esutjss-271	18	17	.	.	PUNCT
esutjss-271	19	1	monetary	monetary	ADJ
esutjss-271	19	2	policy	policy	NOUN
esutjss-271	19	3	is	be	AUX
esutjss-271	19	4	the	the	DET
esutjss-271	19	5	policy	policy	NOUN
esutjss-271	19	6	adopted	adopt	VERB
esutjss-271	19	7	by	by	ADP
esutjss-271	19	8	the	the	DET
esutjss-271	19	9	central	central	ADJ
esutjss-271	19	10	bank	bank	NOUN
esutjss-271	19	11	to	to	PART
esutjss-271	19	12	affect	affect	VERB
esutjss-271	19	13	monetary	monetary	ADJ
esutjss-271	19	14	and	and	CCONJ
esutjss-271	19	15	other	other	ADJ
esutjss-271	19	16	financial	financial	ADJ
esutjss-271	19	17	conditions	condition	NOUN
esutjss-271	19	18	to	to	PART
esutjss-271	19	19	accomplish	accomplish	VERB
esutjss-271	19	20	broader	broad	ADJ
esutjss-271	19	21	objectives	objective	NOUN
esutjss-271	19	22	like	like	ADP
esutjss-271	19	23	high	high	ADJ
esutjss-271	19	24	employment	employment	NOUN
esutjss-271	19	25	and	and	CCONJ
esutjss-271	19	26	price	price	NOUN
esutjss-271	19	27	stability	stability	NOUN
esutjss-271	19	28	.	.	PUNCT
esutjss-271	20	1	it	it	PRON
esutjss-271	20	2	influences	influence	VERB
esutjss-271	20	3	interest	interest	NOUN
esutjss-271	20	4	rates	rate	NOUN
esutjss-271	20	5	in	in	ADP
esutjss-271	20	6	the	the	DET
esutjss-271	20	7	economy	economy	NOUN
esutjss-271	20	8	(	(	PUNCT
esutjss-271	20	9	cbn	cbn	PROPN
esutjss-271	20	10	,	,	PUNCT
esutjss-271	20	11	2006	2006	NUM
esutjss-271	20	12	)	)	PUNCT
esutjss-271	20	13	.	.	PUNCT
esutjss-271	21	1	the	the	DET
esutjss-271	21	2	monetary	monetary	ADJ
esutjss-271	21	3	policy	policy	NOUN
esutjss-271	21	4	rate	rate	NOUN
esutjss-271	21	5	can	can	AUX
esutjss-271	21	6	be	be	AUX
esutjss-271	21	7	considered	consider	VERB
esutjss-271	21	8	the	the	DET
esutjss-271	21	9	benchmark	benchmark	ADJ
esutjss-271	21	10	rate	rate	NOUN
esutjss-271	21	11	that	that	PRON
esutjss-271	21	12	the	the	DET
esutjss-271	21	13	cbn	cbn	PROPN
esutjss-271	21	14	will	will	AUX
esutjss-271	21	15	lend	lend	VERB
esutjss-271	21	16	banks	bank	NOUN
esutjss-271	21	17	under	under	ADP
esutjss-271	21	18	its	its	PRON
esutjss-271	21	19	mandate	mandate	NOUN
esutjss-271	21	20	as	as	ADP
esutjss-271	21	21	the	the	DET
esutjss-271	21	22	lender	lender	NOUN
esutjss-271	21	23	of	of	ADP
esutjss-271	21	24	last	last	ADJ
esutjss-271	21	25	resort	resort	NOUN
esutjss-271	21	26	.	.	PUNCT
esutjss-271	22	1	when	when	SCONJ
esutjss-271	22	2	banks	bank	NOUN
esutjss-271	22	3	borrow	borrow	VERB
esutjss-271	22	4	and	and	CCONJ
esutjss-271	22	5	lend	lend	VERB
esutjss-271	22	6	in	in	ADP
esutjss-271	22	7	the	the	DET
esutjss-271	22	8	nigerian	nigerian	ADJ
esutjss-271	22	9	interbank	interbank	NOUN
esutjss-271	22	10	market	market	NOUN
esutjss-271	22	11	,	,	PUNCT
esutjss-271	22	12	they	they	PRON
esutjss-271	22	13	benchmark	benchmark	VERB
esutjss-271	22	14	the	the	DET
esutjss-271	22	15	interest	interest	NOUN
esutjss-271	22	16	and	and	CCONJ
esutjss-271	22	17	charge	charge	VERB
esutjss-271	22	18	each	each	DET
esutjss-271	22	19	other	other	ADJ
esutjss-271	22	20	based	base	VERB
esutjss-271	22	21	on	on	ADP
esutjss-271	22	22	the	the	DET
esutjss-271	22	23	mpr	mpr	NOUN
esutjss-271	22	24	.	.	PUNCT
esutjss-271	23	1	the	the	DET
esutjss-271	23	2	cbn	cbn	PROPN
esutjss-271	23	3	adjusts	adjust	VERB
esutjss-271	23	4	the	the	DET
esutjss-271	23	5	mpr	mpr	NOUN
esutjss-271	23	6	primarily	primarily	ADV
esutjss-271	23	7	to	to	PART
esutjss-271	23	8	achieve	achieve	VERB
esutjss-271	23	9	its	its	PRON
esutjss-271	23	10	monetary	monetary	ADJ
esutjss-271	23	11	policy	policy	NOUN
esutjss-271	23	12	objectives	objective	NOUN
esutjss-271	23	13	:	:	PUNCT
esutjss-271	23	14	curbing	curb	VERB
esutjss-271	23	15	inflation	inflation	NOUN
esutjss-271	23	16	,	,	PUNCT
esutjss-271	23	17	supporting	support	VERB
esutjss-271	23	18	the	the	DET
esutjss-271	23	19	naira	naira	NOUN
esutjss-271	23	20	,	,	PUNCT
esutjss-271	23	21	and	and	CCONJ
esutjss-271	23	22	economic	economic	ADJ
esutjss-271	23	23	growth	growth	NOUN
esutjss-271	23	24	,	,	PUNCT
esutjss-271	23	25	and	and	CCONJ
esutjss-271	23	26	financial	financial	ADJ
esutjss-271	23	27	stability	stability	NOUN
esutjss-271	23	28	.	.	PUNCT
esutjss-271	24	1	the	the	DET
esutjss-271	24	2	broad	broad	ADJ
esutjss-271	24	3	objective	objective	NOUN
esutjss-271	24	4	of	of	ADP
esutjss-271	24	5	this	this	DET
esutjss-271	24	6	study	study	NOUN
esutjss-271	24	7	is	be	AUX
esutjss-271	24	8	to	to	PART
esutjss-271	24	9	examine	examine	VERB
esutjss-271	24	10	the	the	DET
esutjss-271	24	11	impact	impact	NOUN
esutjss-271	24	12	of	of	ADP
esutjss-271	24	13	monetary	monetary	ADJ
esutjss-271	24	14	policy	policy	NOUN
esutjss-271	24	15	rate	rate	NOUN
esutjss-271	24	16	on	on	ADP
esutjss-271	24	17	the	the	DET
esutjss-271	24	18	nigerian	nigerian	ADJ
esutjss-271	24	19	stock	stock	NOUN
esutjss-271	24	20	market	market	NOUN
esutjss-271	24	21	.	.	PUNCT
esutjss-271	25	1	this	this	DET
esutjss-271	25	2	paper	paper	NOUN
esutjss-271	25	3	is	be	AUX
esutjss-271	25	4	structured	structure	VERB
esutjss-271	25	5	as	as	SCONJ
esutjss-271	25	6	follows	follow	VERB
esutjss-271	25	7	:	:	PUNCT
esutjss-271	25	8	section	section	NOUN
esutjss-271	25	9	presents	present	VERB
esutjss-271	25	10	the	the	DET
esutjss-271	25	11	introduction	introduction	NOUN
esutjss-271	25	12	,	,	PUNCT
esutjss-271	25	13	section	section	NOUN
esutjss-271	25	14	2	2	NUM
esutjss-271	25	15	,	,	PUNCT
esutjss-271	25	16	the	the	DET
esutjss-271	25	17	empirical	empirical	ADJ
esutjss-271	25	18	literature	literature	PROPN
esutjss-271	25	19	review	review	PROPN
esutjss-271	25	20	,	,	PUNCT
esutjss-271	25	21	section	section	NOUN
esutjss-271	25	22	three	three	NUM
esutjss-271	25	23	is	be	AUX
esutjss-271	25	24	the	the	DET
esutjss-271	25	25	methodology	methodology	NOUN
esutjss-271	25	26	,	,	PUNCT
esutjss-271	25	27	data	datum	NOUN
esutjss-271	25	28	and	and	CCONJ
esutjss-271	25	29	theoretical	theoretical	ADJ
esutjss-271	25	30	framework	framework	NOUN
esutjss-271	25	31	.	.	PUNCT
esutjss-271	26	1	section	section	NOUN
esutjss-271	26	2	four	four	NUM
esutjss-271	26	3	is	be	AUX
esutjss-271	26	4	the	the	DET
esutjss-271	26	5	results	result	NOUN
esutjss-271	26	6	,	,	PUNCT
esutjss-271	26	7	analysis	analysis	NOUN
esutjss-271	26	8	while	while	SCONJ
esutjss-271	26	9	section	section	NOUN
esutjss-271	26	10	five	five	NUM
esutjss-271	26	11	is	be	AUX
esutjss-271	26	12	on	on	ADP
esutjss-271	26	13	the	the	DET
esutjss-271	26	14	conclusion	conclusion	NOUN
esutjss-271	26	15	and	and	CCONJ
esutjss-271	26	16	policy	policy	NOUN
esutjss-271	26	17	implication	implication	NOUN
esutjss-271	26	18	2	2	NUM
esutjss-271	26	19	empirical	empirical	ADJ
esutjss-271	26	20	literature	literature	NOUN
esutjss-271	26	21	review	review	VERB
esutjss-271	26	22	few	few	ADJ
esutjss-271	26	23	empirical	empirical	ADJ
esutjss-271	26	24	literature	literature	NOUN
esutjss-271	26	25	on	on	ADP
esutjss-271	26	26	the	the	DET
esutjss-271	26	27	relationship	relationship	NOUN
esutjss-271	26	28	between	between	ADP
esutjss-271	26	29	monetary	monetary	ADJ
esutjss-271	26	30	policy	policy	NOUN
esutjss-271	26	31	rate	rate	NOUN
esutjss-271	26	32	and	and	CCONJ
esutjss-271	26	33	capital	capital	NOUN
esutjss-271	26	34	market	market	NOUN
esutjss-271	26	35	development	development	NOUN
esutjss-271	26	36	are	be	AUX
esutjss-271	26	37	presented	present	VERB
esutjss-271	26	38	.	.	PUNCT
esutjss-271	27	1	mudi	mudi	PROPN
esutjss-271	27	2	(	(	PUNCT
esutjss-271	27	3	2018	2018	NUM
esutjss-271	27	4	)	)	PUNCT
esutjss-271	27	5	adopted	adopt	VERB
esutjss-271	27	6	a	a	DET
esutjss-271	27	7	nonlinear	nonlinear	ADJ
esutjss-271	27	8	two	two	NUM
esutjss-271	27	9	-	-	PUNCT
esutjss-271	27	10	staged	stage	VERB
esutjss-271	27	11	least	least	ADJ
esutjss-271	27	12	squares	square	NOUN
esutjss-271	27	13	(	(	PUNCT
esutjss-271	27	14	n2sls	n2sls	NOUN
esutjss-271	27	15	)	)	PUNCT
esutjss-271	27	16	approach	approach	NOUN
esutjss-271	27	17	to	to	PART
esutjss-271	27	18	model	model	VERB
esutjss-271	27	19	the	the	DET
esutjss-271	27	20	monetary	monetary	ADJ
esutjss-271	27	21	policy	policy	NOUN
esutjss-271	27	22	reaction	reaction	NOUN
esutjss-271	27	23	function	function	NOUN
esutjss-271	27	24	of	of	ADP
esutjss-271	27	25	the	the	DET
esutjss-271	27	26	cbn	cbn	PROPN
esutjss-271	27	27	,	,	PUNCT
esutjss-271	27	28	focusing	focus	VERB
esutjss-271	27	29	on	on	ADP
esutjss-271	27	30	asymmetries	asymmetry	NOUN
esutjss-271	27	31	in	in	ADP
esutjss-271	27	32	policy	policy	NOUN
esutjss-271	27	33	responses	response	NOUN
esutjss-271	27	34	to	to	ADP
esutjss-271	27	35	economic	economic	ADJ
esutjss-271	27	36	shocks	shock	NOUN
esutjss-271	27	37	.	.	PUNCT
esutjss-271	28	1	using	use	VERB
esutjss-271	28	2	quarterly	quarterly	ADJ
esutjss-271	28	3	data	datum	NOUN
esutjss-271	28	4	from	from	ADP
esutjss-271	28	5	2007q1	2007q1	NUM
esutjss-271	28	6	to	to	ADP
esutjss-271	28	7	2016q2	2016q2	NUM
esutjss-271	28	8	,	,	PUNCT
esutjss-271	28	9	the	the	DET
esutjss-271	28	10	study	study	NOUN
esutjss-271	28	11	showed	show	VERB
esutjss-271	28	12	evidence	evidence	NOUN
esutjss-271	28	13	of	of	ADP
esutjss-271	28	14	nonlinearities	nonlinearitie	NOUN
esutjss-271	28	15	,	,	PUNCT
esutjss-271	28	16	with	with	ADP
esutjss-271	28	17	the	the	DET
esutjss-271	28	18	cbn	cbn	PROPN
esutjss-271	28	19	responding	respond	VERB
esutjss-271	28	20	more	more	ADV
esutjss-271	28	21	aggressively	aggressively	ADV
esutjss-271	28	22	to	to	ADP
esutjss-271	28	23	inflationary	inflationary	ADJ
esutjss-271	28	24	pressures	pressure	NOUN
esutjss-271	28	25	than	than	ADP
esutjss-271	28	26	to	to	ADP
esutjss-271	28	27	output	output	NOUN
esutjss-271	28	28	deviations	deviation	NOUN
esutjss-271	28	29	.	.	PUNCT
esutjss-271	29	1	yola	yola	PROPN
esutjss-271	29	2	(	(	PUNCT
esutjss-271	29	3	2019	2019	NUM
esutjss-271	29	4	)	)	PUNCT
esutjss-271	29	5	examined	examine	VERB
esutjss-271	29	6	the	the	DET
esutjss-271	29	7	nigerian	nigerian	ADJ
esutjss-271	29	8	stock	stock	NOUN
esutjss-271	29	9	market	market	NOUN
esutjss-271	29	10	’s	’s	PART
esutjss-271	29	11	reaction	reaction	NOUN
esutjss-271	29	12	to	to	ADP
esutjss-271	29	13	monetary	monetary	ADJ
esutjss-271	29	14	policy	policy	NOUN
esutjss-271	29	15	innovations	innovation	NOUN
esutjss-271	29	16	,	,	PUNCT
esutjss-271	29	17	using	use	VERB
esutjss-271	29	18	exponential	exponential	ADJ
esutjss-271	29	19	generalized	generalize	VERB
esutjss-271	29	20	autoregressive	autoregressive	ADJ
esutjss-271	29	21	conditional	conditional	ADJ
esutjss-271	29	22	heteroskedastic	heteroskedastic	ADJ
esutjss-271	29	23	model	model	NOUN
esutjss-271	29	24	(	(	PUNCT
esutjss-271	29	25	egarch	egarch	NOUN
esutjss-271	29	26	)	)	PUNCT
esutjss-271	29	27	to	to	PART
esutjss-271	29	28	capture	capture	VERB
esutjss-271	29	29	shortand	shortand	NOUN
esutjss-271	29	30	long	long	ADJ
esutjss-271	29	31	-	-	PUNCT
esutjss-271	29	32	term	term	NOUN
esutjss-271	29	33	impacts	impact	NOUN
esutjss-271	29	34	.	.	PUNCT
esutjss-271	30	1	the	the	DET
esutjss-271	30	2	study	study	NOUN
esutjss-271	30	3	showed	show	VERB
esutjss-271	30	4	significant	significant	ADJ
esutjss-271	30	5	effects	effect	NOUN
esutjss-271	30	6	of	of	ADP
esutjss-271	30	7	monetary	monetary	ADJ
esutjss-271	30	8	policy	policy	NOUN
esutjss-271	30	9	announcements	announcement	NOUN
esutjss-271	30	10	on	on	ADP
esutjss-271	30	11	market	market	NOUN
esutjss-271	30	12	volatility	volatility	NOUN
esutjss-271	30	13	and	and	CCONJ
esutjss-271	30	14	investor	investor	NOUN
esutjss-271	30	15	behavior	behavior	NOUN
esutjss-271	30	16	.	.	PUNCT
esutjss-271	31	1	the	the	DET
esutjss-271	31	2	research	research	NOUN
esutjss-271	31	3	is	be	AUX
esutjss-271	31	4	strengthened	strengthen	VERB
esutjss-271	31	5	by	by	ADP
esutjss-271	31	6	its	its	PRON
esutjss-271	31	7	use	use	NOUN
esutjss-271	31	8	of	of	ADP
esutjss-271	31	9	high	high	ADJ
esutjss-271	31	10	-	-	PUNCT
esutjss-271	31	11	frequency	frequency	NOUN
esutjss-271	31	12	data	datum	NOUN
esutjss-271	31	13	,	,	PUNCT
esutjss-271	31	14	offering	offer	VERB
esutjss-271	31	15	detailed	detailed	ADJ
esutjss-271	31	16	insights	insight	NOUN
esutjss-271	31	17	.	.	PUNCT
esutjss-271	32	1	rashid	rashid	PROPN
esutjss-271	32	2	,	,	PUNCT
esutjss-271	32	3	jehan	jehan	PROPN
esutjss-271	32	4	and	and	CCONJ
esutjss-271	32	5	kanval	kanval	ADJ
esutjss-271	32	6	(	(	PUNCT
esutjss-271	32	7	2023	2023	NUM
esutjss-271	32	8	)	)	PUNCT
esutjss-271	32	9	provided	provide	VERB
esutjss-271	32	10	empirical	empirical	ADJ
esutjss-271	32	11	evidence	evidence	NOUN
esutjss-271	32	12	on	on	ADP
esutjss-271	32	13	the	the	DET
esutjss-271	32	14	effects	effect	NOUN
esutjss-271	32	15	of	of	ADP
esutjss-271	32	16	external	external	ADJ
esutjss-271	32	17	shocks	shock	NOUN
esutjss-271	32	18	and	and	CCONJ
esutjss-271	32	19	monetary	monetary	ADJ
esutjss-271	32	20	policy	policy	NOUN
esutjss-271	32	21	on	on	ADP
esutjss-271	32	22	stock	stock	NOUN
esutjss-271	32	23	market	market	NOUN
esutjss-271	32	24	volatility	volatility	NOUN
esutjss-271	32	25	in	in	ADP
esutjss-271	32	26	pakistan	pakistan	PROPN
esutjss-271	32	27	using	use	VERB
esutjss-271	32	28	vector	vector	NOUN
esutjss-271	32	29	autoregression	autoregression	NOUN
esutjss-271	32	30	(	(	PUNCT
esutjss-271	32	31	var	var	NOUN
esutjss-271	32	32	)	)	PUNCT
esutjss-271	32	33	model	model	NOUN
esutjss-271	32	34	.	.	PUNCT
esutjss-271	33	1	key	key	ADJ
esutjss-271	33	2	variables	variable	NOUN
esutjss-271	33	3	include	include	VERB
esutjss-271	33	4	exchange	exchange	NOUN
esutjss-271	33	5	rates	rate	NOUN
esutjss-271	33	6	,	,	PUNCT
esutjss-271	33	7	interest	interest	NOUN
esutjss-271	33	8	rates	rate	NOUN
esutjss-271	33	9	,	,	PUNCT
esutjss-271	33	10	and	and	CCONJ
esutjss-271	33	11	stock	stock	NOUN
esutjss-271	33	12	market	market	NOUN
esutjss-271	33	13	indices	index	NOUN
esutjss-271	33	14	.	.	PUNCT
esutjss-271	34	1	the	the	DET
esutjss-271	34	2	study	study	NOUN
esutjss-271	34	3	showed	show	VERB
esutjss-271	34	4	that	that	SCONJ
esutjss-271	34	5	external	external	ADJ
esutjss-271	34	6	shocks	shock	NOUN
esutjss-271	34	7	amplify	amplify	VERB
esutjss-271	34	8	the	the	DET
esutjss-271	34	9	effects	effect	NOUN
esutjss-271	34	10	of	of	ADP
esutjss-271	34	11	monetary	monetary	ADJ
esutjss-271	34	12	policy	policy	NOUN
esutjss-271	34	13	on	on	ADP
esutjss-271	34	14	market	market	NOUN
esutjss-271	34	15	volatility	volatility	NOUN
esutjss-271	34	16	,	,	PUNCT
esutjss-271	34	17	with	with	ADP
esutjss-271	34	18	implications	implication	NOUN
esutjss-271	34	19	for	for	ADP
esutjss-271	34	20	macroeconomic	macroeconomic	ADJ
esutjss-271	34	21	stability	stability	NOUN
esutjss-271	34	22	.	.	PUNCT
esutjss-271	35	1	yaya	yaya	PROPN
esutjss-271	35	2	,	,	PUNCT
esutjss-271	35	3	adenikinju	adenikinju	PROPN
esutjss-271	35	4	and	and	CCONJ
esutjss-271	35	5	olayinka	olayinka	PROPN
esutjss-271	35	6	(	(	PUNCT
esutjss-271	35	7	2024	2024	NUM
esutjss-271	35	8	)	)	PUNCT
esutjss-271	35	9	examined	examine	VERB
esutjss-271	35	10	the	the	DET
esutjss-271	35	11	connectedness	connectedness	NOUN
esutjss-271	35	12	of	of	ADP
esutjss-271	35	13	african	african	ADJ
esutjss-271	35	14	stock	stock	NOUN
esutjss-271	35	15	markets	market	NOUN
esutjss-271	35	16	using	use	VERB
esutjss-271	35	17	a	a	DET
esutjss-271	35	18	quantile	quantile	ADJ
esutjss-271	35	19	var	var	NOUN
esutjss-271	35	20	approach	approach	NOUN
esutjss-271	35	21	.	.	PUNCT
esutjss-271	36	1	the	the	DET
esutjss-271	36	2	study	study	NOUN
esutjss-271	36	3	examines	examine	VERB
esutjss-271	36	4	inter	inter	ADJ
esutjss-271	36	5	-	-	ADJ
esutjss-271	36	6	market	market	ADJ
esutjss-271	36	7	linkages	linkage	NOUN
esutjss-271	36	8	and	and	CCONJ
esutjss-271	36	9	the	the	DET
esutjss-271	36	10	influence	influence	NOUN
esutjss-271	36	11	of	of	ADP
esutjss-271	36	12	monetary	monetary	ADJ
esutjss-271	36	13	policy	policy	NOUN
esutjss-271	36	14	shocks	shock	NOUN
esutjss-271	36	15	.	.	PUNCT
esutjss-271	37	1	it	it	PRON
esutjss-271	37	2	showed	show	VERB
esutjss-271	37	3	that	that	SCONJ
esutjss-271	37	4	stock	stock	NOUN
esutjss-271	37	5	markets	market	NOUN
esutjss-271	37	6	in	in	ADP
esutjss-271	37	7	africa	africa	PROPN
esutjss-271	37	8	exhibit	exhibit	VERB
esutjss-271	37	9	varying	vary	VERB
esutjss-271	37	10	degrees	degree	NOUN
esutjss-271	37	11	of	of	ADP
esutjss-271	37	12	connectedness	connectedness	NOUN
esutjss-271	37	13	,	,	PUNCT
esutjss-271	37	14	influenced	influence	VERB
esutjss-271	37	15	by	by	ADP
esutjss-271	37	16	monetary	monetary	ADJ
esutjss-271	37	17	policy	policy	NOUN
esutjss-271	37	18	and	and	CCONJ
esutjss-271	37	19	global	global	ADJ
esutjss-271	37	20	trends	trend	NOUN
esutjss-271	37	21	.	.	PUNCT
esutjss-271	38	1	this	this	DET
esutjss-271	38	2	study	study	NOUN
esutjss-271	38	3	’s	’s	PART
esutjss-271	38	4	strength	strength	NOUN
esutjss-271	38	5	is	be	AUX
esutjss-271	38	6	its	its	PRON
esutjss-271	38	7	innovative	innovative	ADJ
esutjss-271	38	8	methodological	methodological	ADJ
esutjss-271	38	9	approach	approach	NOUN
esutjss-271	38	10	,	,	PUNCT
esutjss-271	38	11	providing	provide	VERB
esutjss-271	38	12	nuanced	nuanced	ADJ
esutjss-271	38	13	insights	insight	NOUN
esutjss-271	38	14	into	into	ADP
esutjss-271	38	15	market	market	NOUN
esutjss-271	38	16	interdependencies	interdependency	NOUN
esutjss-271	38	17	.	.	PUNCT
esutjss-271	39	1	2.4	2.4	NUM
esutjss-271	39	2	research	research	NOUN
esutjss-271	39	3	contribution	contribution	NOUN
esutjss-271	39	4	from	from	ADP
esutjss-271	39	5	the	the	DET
esutjss-271	39	6	reviewed	review	VERB
esutjss-271	39	7	empirical	empirical	ADJ
esutjss-271	39	8	literature	literature	NOUN
esutjss-271	39	9	reviewed	review	VERB
esutjss-271	39	10	,	,	PUNCT
esutjss-271	39	11	the	the	DET
esutjss-271	39	12	gap	gap	NOUN
esutjss-271	39	13	in	in	ADP
esutjss-271	39	14	knowledge	knowledge	NOUN
esutjss-271	39	15	could	could	AUX
esutjss-271	39	16	be	be	AUX
esutjss-271	39	17	summarized	summarize	VERB
esutjss-271	39	18	as	as	SCONJ
esutjss-271	39	19	follows	follow	VERB
esutjss-271	39	20	:	:	PUNCT
esutjss-271	39	21	from	from	ADP
esutjss-271	39	22	the	the	DET
esutjss-271	39	23	geographical	geographical	ADJ
esutjss-271	39	24	context	context	NOUN
esutjss-271	39	25	,	,	PUNCT
esutjss-271	39	26	rashid	rashid	PROPN
esutjss-271	39	27	et	et	PROPN
esutjss-271	39	28	al	al	PROPN
esutjss-271	39	29	,	,	PUNCT
esutjss-271	39	30	(	(	PUNCT
esutjss-271	39	31	2024	2024	NUM
esutjss-271	39	32	)	)	PUNCT
esutjss-271	39	33	examined	examine	VERB
esutjss-271	39	34	the	the	DET
esutjss-271	39	35	impact	impact	NOUN
esutjss-271	39	36	of	of	ADP
esutjss-271	39	37	monetary	monetary	ADJ
esutjss-271	39	38	policy	policy	NOUN
esutjss-271	39	39	in	in	ADP
esutjss-271	39	40	pakistan	pakistan	PROPN
esutjss-271	39	41	using	use	VERB
esutjss-271	39	42	the	the	DET
esutjss-271	39	43	vector	vector	NOUN
esutjss-271	39	44	autoregressive	autoregressive	ADJ
esutjss-271	39	45	approach	approach	NOUN
esutjss-271	39	46	.	.	PUNCT
esutjss-271	40	1	the	the	DET
esutjss-271	40	2	study	study	NOUN
esutjss-271	40	3	utilized	utilize	VERB
esutjss-271	40	4	exchange	exchange	NOUN
esutjss-271	40	5	rate	rate	NOUN
esutjss-271	40	6	,	,	PUNCT
esutjss-271	40	7	interest	interest	NOUN
esutjss-271	40	8	rate	rate	NOUN
esutjss-271	40	9	,	,	PUNCT
esutjss-271	40	10	and	and	CCONJ
esutjss-271	40	11	stock	stock	NOUN
esutjss-271	40	12	market	market	NOUN
esutjss-271	40	13	indices	index	NOUN
esutjss-271	40	14	while	while	SCONJ
esutjss-271	40	15	this	this	DET
esutjss-271	40	16	study	study	NOUN
esutjss-271	40	17	was	be	AUX
esutjss-271	40	18	focused	focus	VERB
esutjss-271	40	19	on	on	ADP
esutjss-271	40	20	nigeria	nigeria	PROPN
esutjss-271	40	21	.	.	PUNCT
esutjss-271	41	1	while	while	SCONJ
esutjss-271	41	2	(	(	PUNCT
esutjss-271	41	3	mudi	mudi	PROPN
esutjss-271	41	4	,	,	PUNCT
esutjss-271	41	5	2018	2018	NUM
esutjss-271	41	6	;	;	PUNCT
esutjss-271	41	7	yola	yola	PROPN
esutjss-271	41	8	,	,	PUNCT
esutjss-271	41	9	2019	2019	NUM
esutjss-271	41	10	yaha	yaha	NOUN
esutjss-271	41	11	,	,	PUNCT
esutjss-271	41	12	2024	2024	NUM
esutjss-271	41	13	ignored	ignore	VERB
esutjss-271	41	14	the	the	DET
esutjss-271	41	15	treasury	treasury	NOUN
esutjss-271	41	16	bill	bill	NOUN
esutjss-271	41	17	and	and	CCONJ
esutjss-271	41	18	nominal	nominal	ADJ
esutjss-271	41	19	exchange	exchange	NOUN
esutjss-271	41	20	rate	rate	NOUN
esutjss-271	41	21	,	,	PUNCT
esutjss-271	41	22	this	this	DET
esutjss-271	41	23	study	study	NOUN
esutjss-271	41	24	incorporated	incorporate	VERB
esutjss-271	41	25	the	the	DET
esutjss-271	41	26	variables	variable	NOUN
esutjss-271	41	27	as	as	SCONJ
esutjss-271	41	28	established	establish	VERB
esutjss-271	41	29	at	at	ADP
esutjss-271	41	30	the	the	DET
esutjss-271	41	31	background	background	NOUN
esutjss-271	41	32	.	.	PUNCT
esutjss-271	42	1	120	120	NUM
esutjss-271	42	2	in	in	ADP
esutjss-271	42	3	terms	term	NOUN
esutjss-271	42	4	of	of	ADP
esutjss-271	42	5	methodology	methodology	NOUN
esutjss-271	42	6	for	for	ADP
esutjss-271	42	7	the	the	DET
esutjss-271	42	8	related	related	ADJ
esutjss-271	42	9	studies	study	NOUN
esutjss-271	42	10	in	in	ADP
esutjss-271	42	11	nigeria	nigeria	PROPN
esutjss-271	42	12	,	,	PUNCT
esutjss-271	42	13	the	the	DET
esutjss-271	42	14	non	non	ADJ
esutjss-271	42	15	-	-	ADJ
esutjss-271	42	16	linear	linear	ADJ
esutjss-271	42	17	two	two	NUM
esutjss-271	42	18	stage	stage	NOUN
esutjss-271	42	19	least	least	ADV
esutjss-271	42	20	square	square	ADJ
esutjss-271	42	21	(	(	PUNCT
esutjss-271	42	22	n2sls	n2sls	NOUN
esutjss-271	42	23	)	)	PUNCT
esutjss-271	42	24	,	,	PUNCT
esutjss-271	42	25	the	the	DET
esutjss-271	42	26	quantile	quantile	ADJ
esutjss-271	42	27	var	var	NOUN
esutjss-271	42	28	(	(	PUNCT
esutjss-271	42	29	yaha	yaha	NOUN
esutjss-271	42	30	et	et	PROPN
esutjss-271	42	31	al	al	PROPN
esutjss-271	42	32	,	,	PUNCT
esutjss-271	42	33	2024	2024	NUM
esutjss-271	42	34	)	)	PUNCT
esutjss-271	42	35	and	and	CCONJ
esutjss-271	42	36	egarch	egarch	PROPN
esutjss-271	42	37	,	,	PUNCT
esutjss-271	42	38	yola	yola	PROPN
esutjss-271	42	39	,	,	PUNCT
esutjss-271	42	40	2019	2019	NUM
esutjss-271	42	41	)	)	PUNCT
esutjss-271	42	42	.	.	PUNCT
esutjss-271	43	1	this	this	DET
esutjss-271	43	2	study	study	NOUN
esutjss-271	43	3	used	use	VERB
esutjss-271	43	4	the	the	DET
esutjss-271	43	5	non	non	ADJ
esutjss-271	43	6	-	-	ADJ
esutjss-271	43	7	linear	linear	ADJ
esutjss-271	43	8	autoregressive	autoregressive	ADJ
esutjss-271	43	9	distributed	distribute	VERB
esutjss-271	43	10	lag	lag	NOUN
esutjss-271	43	11	approach	approach	NOUN
esutjss-271	43	12	(	(	PUNCT
esutjss-271	43	13	nardl	nardl	PROPN
esutjss-271	43	14	)	)	PUNCT
esutjss-271	43	15	,	,	PUNCT
esutjss-271	43	16	thereby	thereby	ADV
esutjss-271	43	17	bridging	bridge	VERB
esutjss-271	43	18	the	the	DET
esutjss-271	43	19	knowledge	knowledge	NOUN
esutjss-271	43	20	gap	gap	NOUN
esutjss-271	43	21	.	.	PUNCT
esutjss-271	44	1	majority	majority	NOUN
esutjss-271	44	2	of	of	ADP
esutjss-271	44	3	the	the	DET
esutjss-271	44	4	studies	study	NOUN
esutjss-271	44	5	reviewed	review	VERB
esutjss-271	44	6	used	use	VERB
esutjss-271	44	7	market	market	NOUN
esutjss-271	44	8	capitalization	capitalization	NOUN
esutjss-271	44	9	,	,	PUNCT
esutjss-271	44	10	but	but	CCONJ
esutjss-271	44	11	this	this	DET
esutjss-271	44	12	study	study	NOUN
esutjss-271	44	13	used	use	VERB
esutjss-271	44	14	all	all	DET
esutjss-271	44	15	-	-	PUNCT
esutjss-271	44	16	share	share	NOUN
esutjss-271	44	17	index	index	NOUN
esutjss-271	44	18	to	to	PART
esutjss-271	44	19	measure	measure	VERB
esutjss-271	44	20	stock	stock	NOUN
esutjss-271	44	21	market	market	NOUN
esutjss-271	44	22	.	.	PUNCT
esutjss-271	45	1	3	3	NUM
esutjss-271	45	2	methodology	methodology	NOUN
esutjss-271	45	3	3.1	3.1	NUM
esutjss-271	45	4	theoretical	theoretical	ADJ
esutjss-271	45	5	framework	framework	NOUN
esutjss-271	45	6	the	the	DET
esutjss-271	45	7	theoretical	theoretical	ADJ
esutjss-271	45	8	framework	framework	NOUN
esutjss-271	45	9	of	of	ADP
esutjss-271	45	10	this	this	DET
esutjss-271	45	11	paper	paper	NOUN
esutjss-271	45	12	is	be	AUX
esutjss-271	45	13	the	the	DET
esutjss-271	45	14	dow	dow	PROPN
esutjss-271	45	15	theory	theory	NOUN
esutjss-271	45	16	of	of	ADP
esutjss-271	45	17	stock	stock	NOUN
esutjss-271	45	18	exchange	exchange	NOUN
esutjss-271	45	19	.	.	PUNCT
esutjss-271	46	1	this	this	DET
esutjss-271	46	2	theory	theory	NOUN
esutjss-271	46	3	explains	explain	VERB
esutjss-271	46	4	the	the	DET
esutjss-271	46	5	role	role	NOUN
esutjss-271	46	6	of	of	ADP
esutjss-271	46	7	monetary	monetary	ADJ
esutjss-271	46	8	policy	policy	NOUN
esutjss-271	46	9	,	,	PUNCT
esutjss-271	46	10	in	in	ADP
esutjss-271	46	11	influencing	influence	VERB
esutjss-271	46	12	capital	capital	NOUN
esutjss-271	46	13	market	market	NOUN
esutjss-271	46	14	development	development	NOUN
esutjss-271	46	15	.	.	PUNCT
esutjss-271	47	1	an	an	DET
esutjss-271	47	2	increase	increase	NOUN
esutjss-271	47	3	in	in	ADP
esutjss-271	47	4	the	the	DET
esutjss-271	47	5	mpr	mpr	NOUN
esutjss-271	47	6	,	,	PUNCT
esutjss-271	47	7	increases	increase	VERB
esutjss-271	47	8	the	the	DET
esutjss-271	47	9	cost	cost	NOUN
esutjss-271	47	10	of	of	ADP
esutjss-271	47	11	borrowing	borrowing	NOUN
esutjss-271	47	12	,	,	PUNCT
esutjss-271	47	13	discouraging	discourage	VERB
esutjss-271	47	14	investment	investment	NOUN
esutjss-271	47	15	in	in	ADP
esutjss-271	47	16	equities	equity	NOUN
esutjss-271	47	17	and	and	CCONJ
esutjss-271	47	18	influencing	influence	VERB
esutjss-271	47	19	the	the	DET
esutjss-271	47	20	primary	primary	ADJ
esutjss-271	47	21	downward	downward	ADJ
esutjss-271	47	22	trend	trend	NOUN
esutjss-271	47	23	in	in	ADP
esutjss-271	47	24	the	the	DET
esutjss-271	47	25	capital	capital	NOUN
esutjss-271	47	26	market	market	NOUN
esutjss-271	47	27	.	.	PUNCT
esutjss-271	48	1	conversely	conversely	ADV
esutjss-271	48	2	,	,	PUNCT
esutjss-271	48	3	a	a	DET
esutjss-271	48	4	reduction	reduction	NOUN
esutjss-271	48	5	in	in	ADP
esutjss-271	48	6	mpr	mpr	NOUN
esutjss-271	48	7	can	can	AUX
esutjss-271	48	8	foster	foster	VERB
esutjss-271	48	9	a	a	DET
esutjss-271	48	10	bullish	bullish	ADJ
esutjss-271	48	11	trend	trend	NOUN
esutjss-271	48	12	by	by	ADP
esutjss-271	48	13	making	make	VERB
esutjss-271	48	14	equities	equity	NOUN
esutjss-271	48	15	more	more	ADV
esutjss-271	48	16	attractive	attractive	ADJ
esutjss-271	48	17	compared	compare	VERB
esutjss-271	48	18	to	to	ADP
esutjss-271	48	19	fixed	fix	VERB
esutjss-271	48	20	-	-	PUNCT
esutjss-271	48	21	income	income	NOUN
esutjss-271	48	22	securities	security	NOUN
esutjss-271	48	23	.	.	PUNCT
esutjss-271	49	1	3.2	3.2	NUM
esutjss-271	49	2	model	model	NOUN
esutjss-271	49	3	building	build	VERB
esutjss-271	49	4	the	the	DET
esutjss-271	49	5	model	model	NOUN
esutjss-271	49	6	of	of	ADP
esutjss-271	49	7	shuaibu	shuaibu	NOUN
esutjss-271	49	8	,	,	PUNCT
esutjss-271	49	9	harvey	harvey	NOUN
esutjss-271	49	10	and	and	CCONJ
esutjss-271	49	11	amidu	amidu	ADJ
esutjss-271	49	12	(	(	PUNCT
esutjss-271	49	13	2017	2017	NUM
esutjss-271	49	14	)	)	PUNCT
esutjss-271	49	15	with	with	ADP
esutjss-271	49	16	modification	modification	NOUN
esutjss-271	49	17	is	be	AUX
esutjss-271	49	18	adopted	adopt	VERB
esutjss-271	49	19	for	for	ADP
esutjss-271	49	20	this	this	DET
esutjss-271	49	21	paper.however	paper.however	PROPN
esutjss-271	49	22	,	,	PUNCT
esutjss-271	49	23	the	the	DET
esutjss-271	49	24	model	model	NOUN
esutjss-271	49	25	for	for	ADP
esutjss-271	49	26	this	this	DET
esutjss-271	49	27	paper	paper	NOUN
esutjss-271	49	28	is	be	AUX
esutjss-271	49	29	specified	specify	VERB
esutjss-271	49	30	as	as	SCONJ
esutjss-271	49	31	follows	follow	VERB
esutjss-271	49	32	:	:	PUNCT
esutjss-271	50	1	asindex	asindex	NOUN
esutjss-271	50	2	=	=	SYM
esutjss-271	50	3	f	f	PROPN
esutjss-271	50	4	(	(	PUNCT
esutjss-271	50	5	mpr	mpr	NOUN
esutjss-271	50	6	,	,	PUNCT
esutjss-271	50	7	tb	tb	NOUN
esutjss-271	50	8	,	,	PUNCT
esutjss-271	50	9	m2	m2	PROPN
esutjss-271	50	10	/	/	SYM
esutjss-271	50	11	gdp	gdp	PROPN
esutjss-271	50	12	,	,	PUNCT
esutjss-271	50	13	nomex	nomex	PROPN
esutjss-271	50	14	,	,	PUNCT
esutjss-271	50	15	infl	infl	PROPN
esutjss-271	50	16	)	)	PUNCT
esutjss-271	50	17	(	(	PUNCT
esutjss-271	50	18	3.1	3.1	NUM
esutjss-271	50	19	)	)	PUNCT
esutjss-271	50	20	the	the	DET
esutjss-271	50	21	above	above	ADJ
esutjss-271	50	22	model	model	NOUN
esutjss-271	50	23	was	be	AUX
esutjss-271	50	24	expressed	express	VERB
esutjss-271	50	25	mathematically	mathematically	ADV
esutjss-271	50	26	,	,	PUNCT
esutjss-271	50	27	thus	thus	ADV
esutjss-271	50	28	;	;	PUNCT
esutjss-271	50	29	asindex	asindex	PROPN
esutjss-271	50	30	=	=	PUNCT
esutjss-271	51	1	β0	β0	NOUN
esutjss-271	52	1	+	+	NOUN
esutjss-271	52	2	β1mpr	β1mpr	NOUN
esutjss-271	52	3	+	+	ADV
esutjss-271	52	4	β2	β2	ADJ
esutjss-271	52	5	tb	tb	ADP
esutjss-271	52	6	+	+	NOUN
esutjss-271	52	7	β3	β3	ADJ
esutjss-271	52	8	m2	m2	PROPN
esutjss-271	52	9	/	/	SYM
esutjss-271	52	10	gdp	gdp	NOUN
esutjss-271	52	11	+	+	CCONJ
esutjss-271	52	12	β4nomex	β4nomex	PROPN
esutjss-271	53	1	+	+	NOUN
esutjss-271	53	2	β5infl	β5infl	PROPN
esutjss-271	53	3	(	(	PUNCT
esutjss-271	53	4	3.2	3.2	NUM
esutjss-271	53	5	)	)	PUNCT
esutjss-271	53	6	incorporating	incorporate	VERB
esutjss-271	53	7	the	the	DET
esutjss-271	53	8	stochastic	stochastic	ADJ
esutjss-271	53	9	variable	variable	NOUN
esutjss-271	53	10	into	into	ADP
esutjss-271	53	11	equation	equation	NOUN
esutjss-271	53	12	(	(	PUNCT
esutjss-271	53	13	3.2	3.2	NUM
esutjss-271	53	14	)	)	PUNCT
esutjss-271	53	15	,	,	PUNCT
esutjss-271	53	16	equation	equation	NOUN
esutjss-271	53	17	3.2	3.2	NUM
esutjss-271	53	18	becomes	become	VERB
esutjss-271	53	19	:	:	PUNCT
esutjss-271	53	20	asindexi	asindexi	NOUN
esutjss-271	53	21	,	,	PUNCT
esutjss-271	53	22	t	t	PROPN
esutjss-271	53	23	=	=	SYM
esutjss-271	53	24	β0	β0	PROPN
esutjss-271	54	1	+	+	CCONJ
esutjss-271	54	2	β1mpri	β1mpri	NOUN
esutjss-271	54	3	,	,	PUNCT
esutjss-271	54	4	t	t	NOUN
esutjss-271	54	5	+	+	SYM
esutjss-271	54	6	β2tbi	β2tbi	PROPN
esutjss-271	54	7	,	,	PUNCT
esutjss-271	54	8	t	t	PROPN
esutjss-271	54	9	+	+	CCONJ
esutjss-271	54	10	β3m2	β3m2	ADJ
esutjss-271	54	11	/	/	SYM
esutjss-271	54	12	gdpi	gdpi	NOUN
esutjss-271	54	13	,	,	PUNCT
esutjss-271	54	14	t	t	PROPN
esutjss-271	54	15	+	+	CCONJ
esutjss-271	54	16	β4nomexi	β4nomexi	PROPN
esutjss-271	54	17	,	,	PUNCT
esutjss-271	54	18	t	t	PROPN
esutjss-271	54	19	+	+	CCONJ
esutjss-271	54	20	β5infli	β5infli	PROPN
esutjss-271	54	21	,	,	PUNCT
esutjss-271	54	22	t	t	PROPN
esutjss-271	54	23	+	+	CCONJ
esutjss-271	54	24	μ	μ	PROPN
esutjss-271	54	25	(	(	PUNCT
esutjss-271	54	26	3.3	3.3	NUM
esutjss-271	54	27	)	)	PUNCT
esutjss-271	55	1	where	where	SCONJ
esutjss-271	55	2	:	:	PUNCT
esutjss-271	55	3	asindex	asindex	NOUN
esutjss-271	55	4	=	=	PUNCT
esutjss-271	55	5	all	all	DET
esutjss-271	55	6	share	share	NOUN
esutjss-271	55	7	index	index	NOUN
esutjss-271	55	8	(	(	PUNCT
esutjss-271	55	9	the	the	DET
esutjss-271	55	10	dependent	dependent	ADJ
esutjss-271	55	11	variable	variable	NOUN
esutjss-271	55	12	)	)	PUNCT
esutjss-271	55	13	;	;	PUNCT
esutjss-271	55	14	mpr	mpr	NOUN
esutjss-271	55	15	=	=	PUNCT
esutjss-271	55	16	monetary	monetary	ADJ
esutjss-271	55	17	policy	policy	NOUN
esutjss-271	55	18	rate	rate	NOUN
esutjss-271	55	19	;	;	PUNCT
esutjss-271	55	20	tb	tb	ADP
esutjss-271	55	21	=	=	SYM
esutjss-271	55	22	91	91	NUM
esutjss-271	55	23	days	day	NOUN
esutjss-271	55	24	treasury	treasury	NOUN
esutjss-271	55	25	bill	bill	NOUN
esutjss-271	55	26	;	;	PUNCT
esutjss-271	55	27	m2	m2	PROPN
esutjss-271	55	28	/	/	SYM
esutjss-271	55	29	gdp	gdp	NOUN
esutjss-271	55	30	=	=	SYM
esutjss-271	55	31	broad	broad	ADJ
esutjss-271	55	32	money	money	NOUN
esutjss-271	55	33	supply	supply	NOUN
esutjss-271	55	34	;	;	PUNCT
esutjss-271	55	35	nomex	nomex	NOUN
esutjss-271	55	36	=	=	SYM
esutjss-271	55	37	nominal	nominal	ADJ
esutjss-271	55	38	exchange	exchange	NOUN
esutjss-271	55	39	rate	rate	NOUN
esutjss-271	55	40	;	;	PUNCT
esutjss-271	55	41	infl	infl	PROPN
esutjss-271	55	42	=	=	SYM
esutjss-271	55	43	inflation	inflation	NOUN
esutjss-271	55	44	rate	rate	NOUN
esutjss-271	55	45	as	as	ADP
esutjss-271	55	46	the	the	DET
esutjss-271	55	47	independent	independent	ADJ
esutjss-271	55	48	/	/	SYM
esutjss-271	55	49	explanatory	explanatory	ADJ
esutjss-271	55	50	variables	variable	NOUN
esutjss-271	55	51	;	;	PUNCT
esutjss-271	55	52	μ	μ	NUM
esutjss-271	55	53	=	=	SYM
esutjss-271	55	54	stochastic	stochastic	ADJ
esutjss-271	55	55	error	error	NOUN
esutjss-271	55	56	term	term	NOUN
esutjss-271	55	57	;	;	PUNCT
esutjss-271	55	58	subscript	subscript	NOUN
esutjss-271	55	59	i	i	NOUN
esutjss-271	55	60	=	=	PUNCT
esutjss-271	55	61	represents	represent	VERB
esutjss-271	55	62	the	the	DET
esutjss-271	55	63	country	country	NOUN
esutjss-271	55	64	(	(	PUNCT
esutjss-271	55	65	nigeria	nigeria	PROPN
esutjss-271	55	66	)	)	PUNCT
esutjss-271	55	67	;	;	PUNCT
esutjss-271	55	68	subscript	subscript	NOUN
esutjss-271	55	69	t	t	PROPN
esutjss-271	55	70	=	=	PUNCT
esutjss-271	55	71	time	time	NOUN
esutjss-271	55	72	measured	measure	VERB
esutjss-271	55	73	in	in	ADP
esutjss-271	55	74	years	year	NOUN
esutjss-271	55	75	.	.	PUNCT
esutjss-271	56	1	the	the	DET
esutjss-271	56	2	nardl	nardl	NOUN
esutjss-271	56	3	framework	framework	NOUN
esutjss-271	56	4	is	be	AUX
esutjss-271	56	5	stated	state	VERB
esutjss-271	56	6	thus	thus	ADV
esutjss-271	56	7	,	,	PUNCT
esutjss-271	56	8	equation	equation	NOUN
esutjss-271	56	9	3.3	3.3	NUM
esutjss-271	56	10	∆asindext	∆asindext	NUM
esutjss-271	56	11	=	=	SYM
esutjss-271	56	12	α	α	PROPN
esutjss-271	56	13	+	+	X
esutjss-271	56	14	∑βj∆asindexi	∑βj∆asindexi	ADJ
esutjss-271	56	15	,	,	PUNCT
esutjss-271	56	16	t−i	t−i	NOUN
esutjss-271	56	17	+	+	CCONJ
esutjss-271	56	18	∑δj∆mpri	∑δj∆mpri	ADJ
esutjss-271	56	19	,	,	PUNCT
esutjss-271	56	20	t−i	t−i	NOUN
esutjss-271	56	21	+	+	CCONJ
esutjss-271	57	1	∑ϕk∆tbi	∑ϕk∆tbi	PROPN
esutjss-271	57	2	,	,	PUNCT
esutjss-271	57	3	t−	t−	PROPN
esutjss-271	57	4	i	i	PROPN
esutjss-271	57	5	+	+	PROPN
esutjss-271	57	6	∑λm∆m2	∑λm∆m2	PROPN
esutjss-271	57	7	/	/	SYM
esutjss-271	57	8	gdpi	gdpi	PROPN
esutjss-271	57	9	,	,	PUNCT
esutjss-271	57	10	t−i	t−i	NOUN
esutjss-271	57	11	+	+	CCONJ
esutjss-271	57	12	∑γm∆nomexi	∑γm∆nomexi	PROPN
esutjss-271	57	13	,	,	PUNCT
esutjss-271	57	14	t−i	t−i	NOUN
esutjss-271	57	15	+	+	CCONJ
esutjss-271	57	16	∑πsδinfli	∑πsδinfli	ADJ
esutjss-271	57	17	,	,	PUNCT
esutjss-271	57	18	t−i	t−i	NOUN
esutjss-271	57	19	i=1	i=1	X
esutjss-271	58	1	i=1	i=1	X
esutjss-271	58	2	i=1	i=1	X
esutjss-271	59	1	i=1	i=1	X
esutjss-271	59	2	i=1	i=1	X
esutjss-271	60	1	i=1	i=1	X
esutjss-271	61	1	+	+	PUNCT
esutjss-271	61	2	η2mpri	η2mpri	ADJ
esutjss-271	61	3	,	,	PUNCT
esutjss-271	61	4	t-1	t-1	PROPN
esutjss-271	61	5	+	+	CCONJ
esutjss-271	61	6	η3tbi	η3tbi	PROPN
esutjss-271	61	7	,	,	PUNCT
esutjss-271	61	8	t-1	t-1	PROPN
esutjss-271	61	9	+	+	SYM
esutjss-271	61	10	η4m2	η4m2	X
esutjss-271	61	11	/	/	SYM
esutjss-271	61	12	gdpi	gdpi	NOUN
esutjss-271	61	13	,	,	PUNCT
esutjss-271	61	14	t-1	t-1	PROPN
esutjss-271	61	15	+	+	PROPN
esutjss-271	61	16	η5nomexi	η5nomexi	PROPN
esutjss-271	61	17	,	,	PUNCT
esutjss-271	61	18	t-1	t-1	PROPN
esutjss-271	61	19	+	+	CCONJ
esutjss-271	61	20	η5iinfli	η5iinfli	PROPN
esutjss-271	61	21	,	,	PUNCT
esutjss-271	61	22	t-1	t-1	PROPN
esutjss-271	61	23	+	+	CCONJ
esutjss-271	61	24	µt	µt	X
esutjss-271	61	25	(	(	PUNCT
esutjss-271	61	26	3.4	3.4	NUM
esutjss-271	61	27	)	)	PUNCT
esutjss-271	61	28	in	in	ADP
esutjss-271	61	29	equation	equation	NOUN
esutjss-271	61	30	3.4	3.4	NUM
esutjss-271	61	31	,	,	PUNCT
esutjss-271	61	32	the	the	DET
esutjss-271	61	33	terms	term	NOUN
esutjss-271	61	34	with	with	ADP
esutjss-271	61	35	the	the	DET
esutjss-271	61	36	summation	summation	NOUN
esutjss-271	61	37	signs	sign	NOUN
esutjss-271	61	38	(	(	PUNCT
esutjss-271	61	39	∑	∑	PUNCT
esutjss-271	61	40	)	)	PUNCT
esutjss-271	61	41	represent	represent	VERB
esutjss-271	61	42	the	the	DET
esutjss-271	61	43	error	error	NOUN
esutjss-271	61	44	correction	correction	NOUN
esutjss-271	61	45	model	model	NOUN
esutjss-271	61	46	(	(	PUNCT
esutjss-271	61	47	ecm	ecm	NOUN
esutjss-271	61	48	)	)	PUNCT
esutjss-271	61	49	dynamics	dynamic	NOUN
esutjss-271	61	50	.	.	PUNCT
esutjss-271	62	1	the	the	DET
esutjss-271	62	2	coefficients	coefficient	NOUN
esutjss-271	62	3	ηi	ηi	NOUN
esutjss-271	62	4	are	be	AUX
esutjss-271	62	5	the	the	DET
esutjss-271	62	6	long	long	ADV
esutjss-271	62	7	-	-	PUNCT
esutjss-271	62	8	run	run	NOUN
esutjss-271	62	9	multipliers	multiplier	NOUN
esutjss-271	62	10	corresponding	correspond	VERB
esutjss-271	62	11	to	to	ADP
esutjss-271	62	12	the	the	DET
esutjss-271	62	13	long	long	ADJ
esutjss-271	62	14	run	run	NOUN
esutjss-271	62	15	relationship	relationship	NOUN
esutjss-271	62	16	,	,	PUNCT
esutjss-271	62	17	α	α	PROPN
esutjss-271	62	18	and	and	CCONJ
esutjss-271	62	19	µt	µt	PROPN
esutjss-271	62	20	represent	represent	VERB
esutjss-271	62	21	the	the	DET
esutjss-271	62	22	constant	constant	ADJ
esutjss-271	62	23	and	and	CCONJ
esutjss-271	62	24	the	the	DET
esutjss-271	62	25	white	white	ADJ
esutjss-271	62	26	noise	noise	NOUN
esutjss-271	62	27	or	or	CCONJ
esutjss-271	62	28	disturbance	disturbance	NOUN
esutjss-271	62	29	term	term	NOUN
esutjss-271	62	30	respectively	respectively	ADV
esutjss-271	62	31	while	while	SCONJ
esutjss-271	62	32	βj	βj	PRON
esutjss-271	62	33	,	,	PUNCT
esutjss-271	62	34	δj	δj	NOUN
esutjss-271	62	35	,	,	PUNCT
esutjss-271	62	36	ϕk	ϕk	INTJ
esutjss-271	62	37	,	,	PUNCT
esutjss-271	62	38	λm	λm	ADP
esutjss-271	62	39	,	,	PUNCT
esutjss-271	62	40	γm	γm	ADJ
esutjss-271	62	41	and	and	CCONJ
esutjss-271	62	42	πs	πs	ADV
esutjss-271	62	43	represents	represent	VERB
esutjss-271	62	44	the	the	DET
esutjss-271	62	45	short	short	ADJ
esutjss-271	62	46	-	-	PUNCT
esutjss-271	62	47	run	run	NOUN
esutjss-271	62	48	effects	effect	NOUN
esutjss-271	62	49	.	.	PUNCT
esutjss-271	63	1	δ	δ	PROPN
esutjss-271	63	2	is	be	AUX
esutjss-271	63	3	the	the	DET
esutjss-271	63	4	first	first	ADJ
esutjss-271	63	5	difference	difference	NOUN
esutjss-271	63	6	operator	operator	NOUN
esutjss-271	63	7	while	while	SCONJ
esutjss-271	63	8	k	k	PROPN
esutjss-271	63	9	is	be	AUX
esutjss-271	63	10	the	the	DET
esutjss-271	63	11	lag	lag	NOUN
esutjss-271	63	12	length	length	NOUN
esutjss-271	63	13	for	for	ADP
esutjss-271	63	14	the	the	DET
esutjss-271	63	15	error	error	NOUN
esutjss-271	63	16	correction	correction	NOUN
esutjss-271	63	17	model	model	NOUN
esutjss-271	63	18	.	.	PUNCT
esutjss-271	64	1	therefore	therefore	ADV
esutjss-271	64	2	equation	equation	NOUN
esutjss-271	64	3	3.4	3.4	NUM
esutjss-271	64	4	is	be	AUX
esutjss-271	64	5	estimated	estimate	VERB
esutjss-271	64	6	to	to	PART
esutjss-271	64	7	obtain	obtain	VERB
esutjss-271	64	8	the	the	DET
esutjss-271	64	9	relationship	relationship	NOUN
esutjss-271	64	10	between	between	ADP
esutjss-271	64	11	the	the	DET
esutjss-271	64	12	dependent	dependent	ADJ
esutjss-271	64	13	variable	variable	ADJ
esutjss-271	64	14	inflation	inflation	NOUN
esutjss-271	64	15	and	and	CCONJ
esutjss-271	64	16	the	the	DET
esutjss-271	64	17	independent	independent	ADJ
esutjss-271	64	18	variables	variable	NOUN
esutjss-271	64	19	which	which	PRON
esutjss-271	64	20	are	be	AUX
esutjss-271	64	21	the	the	DET
esutjss-271	64	22	monetary	monetary	ADJ
esutjss-271	64	23	policy	policy	NOUN
esutjss-271	64	24	rate	rate	NOUN
esutjss-271	64	25	.	.	PUNCT
esutjss-271	65	1	from	from	ADP
esutjss-271	65	2	theoretical	theoretical	ADJ
esutjss-271	65	3	and	and	CCONJ
esutjss-271	65	4	empirical	empirical	ADJ
esutjss-271	65	5	perspectives	perspective	NOUN
esutjss-271	65	6	,	,	PUNCT
esutjss-271	65	7	it	it	PRON
esutjss-271	65	8	is	be	AUX
esutjss-271	65	9	expected	expect	VERB
esutjss-271	65	10	that	that	SCONJ
esutjss-271	65	11	monetary	monetary	ADJ
esutjss-271	65	12	policy	policy	NOUN
esutjss-271	65	13	rate	rate	NOUN
esutjss-271	65	14	would	would	AUX
esutjss-271	65	15	have	have	VERB
esutjss-271	65	16	an	an	DET
esutjss-271	65	17	ambiguous	ambiguous	ADJ
esutjss-271	65	18	relationship	relationship	NOUN
esutjss-271	65	19	with	with	ADP
esutjss-271	65	20	capital	capital	NOUN
esutjss-271	65	21	market	market	NOUN
esutjss-271	65	22	development	development	NOUN
esutjss-271	65	23	such	such	ADJ
esutjss-271	65	24	as	as	ADP
esutjss-271	65	25	an	an	DET
esutjss-271	65	26	increase	increase	NOUN
esutjss-271	65	27	or	or	CCONJ
esutjss-271	65	28	121	121	NUM
esutjss-271	65	29	decrease	decrease	NOUN
esutjss-271	65	30	in	in	ADP
esutjss-271	65	31	the	the	DET
esutjss-271	65	32	anchor	anchor	NOUN
esutjss-271	65	33	rate	rate	NOUN
esutjss-271	65	34	should	should	AUX
esutjss-271	65	35	a	a	DET
esutjss-271	65	36	similar	similar	ADJ
esutjss-271	65	37	effect	effect	NOUN
esutjss-271	65	38	on	on	ADP
esutjss-271	65	39	the	the	DET
esutjss-271	65	40	development	development	NOUN
esutjss-271	65	41	of	of	ADP
esutjss-271	65	42	the	the	DET
esutjss-271	65	43	market	market	NOUN
esutjss-271	65	44	;	;	PUNCT
esutjss-271	65	45	broad	broad	ADJ
esutjss-271	65	46	money	money	NOUN
esutjss-271	65	47	supply	supply	NOUN
esutjss-271	65	48	is	be	AUX
esutjss-271	65	49	expected	expect	VERB
esutjss-271	65	50	to	to	PART
esutjss-271	65	51	have	have	VERB
esutjss-271	65	52	a	a	DET
esutjss-271	65	53	positive	positive	ADJ
esutjss-271	65	54	effect	effect	NOUN
esutjss-271	65	55	;	;	PUNCT
esutjss-271	65	56	depreciation	depreciation	NOUN
esutjss-271	65	57	of	of	ADP
esutjss-271	65	58	the	the	DET
esutjss-271	65	59	exchange	exchange	NOUN
esutjss-271	65	60	rate	rate	NOUN
esutjss-271	65	61	is	be	AUX
esutjss-271	65	62	expected	expect	VERB
esutjss-271	65	63	to	to	PART
esutjss-271	65	64	have	have	VERB
esutjss-271	65	65	negative	negative	ADJ
esutjss-271	65	66	effect	effect	NOUN
esutjss-271	65	67	and	and	CCONJ
esutjss-271	65	68	likewise	likewise	ADV
esutjss-271	65	69	inflation	inflation	NOUN
esutjss-271	65	70	rate	rate	NOUN
esutjss-271	65	71	on	on	ADP
esutjss-271	65	72	the	the	DET
esutjss-271	65	73	development	development	NOUN
esutjss-271	65	74	of	of	ADP
esutjss-271	65	75	the	the	DET
esutjss-271	65	76	market	market	NOUN
esutjss-271	65	77	.	.	PUNCT
esutjss-271	66	1	3.3	3.3	NUM
esutjss-271	66	2	estimation	estimation	NOUN
esutjss-271	66	3	technique	technique	NOUN
esutjss-271	66	4	and	and	CCONJ
esutjss-271	66	5	procedure	procedure	NOUN
esutjss-271	66	6	this	this	DET
esutjss-271	66	7	paper	paper	NOUN
esutjss-271	66	8	employed	employ	VERB
esutjss-271	66	9	the	the	DET
esutjss-271	66	10	non	non	ADJ
esutjss-271	66	11	-	-	ADJ
esutjss-271	66	12	linear	linear	ADJ
esutjss-271	66	13	autoregressive	autoregressive	ADJ
esutjss-271	66	14	distributed	distribute	VERB
esutjss-271	66	15	lag	lag	NOUN
esutjss-271	66	16	technique	technique	NOUN
esutjss-271	66	17	(	(	PUNCT
esutjss-271	66	18	nardl	nardl	NOUN
esutjss-271	66	19	)	)	PUNCT
esutjss-271	66	20	framework	framework	NOUN
esutjss-271	66	21	provided	provide	VERB
esutjss-271	66	22	by	by	ADP
esutjss-271	66	23	pesaran	pesaran	NOUN
esutjss-271	66	24	and	and	CCONJ
esutjss-271	66	25	shin	shin	NOUN
esutjss-271	66	26	(	(	PUNCT
esutjss-271	66	27	2001	2001	NUM
esutjss-271	66	28	)	)	PUNCT
esutjss-271	66	29	for	for	ADP
esutjss-271	66	30	the	the	DET
esutjss-271	66	31	analysis	analysis	NOUN
esutjss-271	66	32	.	.	PUNCT
esutjss-271	67	1	this	this	DET
esutjss-271	67	2	procedure	procedure	NOUN
esutjss-271	67	3	is	be	AUX
esutjss-271	67	4	adopted	adopt	VERB
esutjss-271	67	5	because	because	SCONJ
esutjss-271	67	6	it	it	PRON
esutjss-271	67	7	has	have	VERB
esutjss-271	67	8	better	well	ADJ
esutjss-271	67	9	small	small	ADJ
esutjss-271	67	10	sample	sample	NOUN
esutjss-271	67	11	properties	property	NOUN
esutjss-271	67	12	than	than	ADP
esutjss-271	67	13	alternative	alternative	ADJ
esutjss-271	67	14	methods	method	NOUN
esutjss-271	67	15	like	like	ADP
esutjss-271	67	16	engel	engel	PROPN
esutjss-271	67	17	-	-	PUNCT
esutjss-271	67	18	granger	granger	PROPN
esutjss-271	67	19	(	(	PUNCT
esutjss-271	67	20	1987	1987	NUM
esutjss-271	67	21	)	)	PUNCT
esutjss-271	67	22	,	,	PUNCT
esutjss-271	67	23	johansen	johansen	PROPN
esutjss-271	67	24	and	and	CCONJ
esutjss-271	67	25	juselius	juselius	PROPN
esutjss-271	67	26	(	(	PUNCT
esutjss-271	67	27	1990	1990	NUM
esutjss-271	67	28	)	)	PUNCT
esutjss-271	67	29	,	,	PUNCT
esutjss-271	67	30	and	and	CCONJ
esutjss-271	67	31	philip	philip	PROPN
esutjss-271	67	32	and	and	CCONJ
esutjss-271	67	33	hansen	hansen	PROPN
esutjss-271	67	34	(	(	PUNCT
esutjss-271	67	35	1990	1990	NUM
esutjss-271	67	36	)	)	PUNCT
esutjss-271	67	37	.	.	PUNCT
esutjss-271	68	1	this	this	DET
esutjss-271	68	2	method	method	NOUN
esutjss-271	68	3	avoids	avoid	VERB
esutjss-271	68	4	the	the	DET
esutjss-271	68	5	classification	classification	NOUN
esutjss-271	68	6	of	of	ADP
esutjss-271	68	7	variables	variable	NOUN
esutjss-271	68	8	as	as	ADP
esutjss-271	68	9	i(1	i(1	PROPN
esutjss-271	68	10	)	)	PUNCT
esutjss-271	68	11	and	and	CCONJ
esutjss-271	68	12	i(0	i(0	PROPN
esutjss-271	68	13	)	)	PUNCT
esutjss-271	68	14	by	by	ADP
esutjss-271	68	15	developing	develop	VERB
esutjss-271	68	16	bands	band	NOUN
esutjss-271	68	17	of	of	ADP
esutjss-271	68	18	critical	critical	ADJ
esutjss-271	68	19	values	value	NOUN
esutjss-271	68	20	which	which	PRON
esutjss-271	68	21	identifies	identify	VERB
esutjss-271	68	22	the	the	DET
esutjss-271	68	23	variables	variable	NOUN
esutjss-271	68	24	as	as	ADP
esutjss-271	68	25	being	be	AUX
esutjss-271	68	26	stationary	stationary	ADJ
esutjss-271	68	27	or	or	CCONJ
esutjss-271	68	28	non	non	ADJ
esutjss-271	68	29	-	-	ADJ
esutjss-271	68	30	stationary	stationary	ADJ
esutjss-271	68	31	processes	process	NOUN
esutjss-271	68	32	.	.	PUNCT
esutjss-271	69	1	the	the	DET
esutjss-271	69	2	nardl	nardl	NOUN
esutjss-271	69	3	method	method	NOUN
esutjss-271	69	4	can	can	AUX
esutjss-271	69	5	distinguish	distinguish	VERB
esutjss-271	69	6	between	between	ADP
esutjss-271	69	7	dependent	dependent	ADJ
esutjss-271	69	8	and	and	CCONJ
esutjss-271	69	9	explanatory	explanatory	ADJ
esutjss-271	69	10	variables	variable	NOUN
esutjss-271	69	11	.	.	PUNCT
esutjss-271	70	1	in	in	ADP
esutjss-271	70	2	this	this	DET
esutjss-271	70	3	technique	technique	NOUN
esutjss-271	70	4	,	,	PUNCT
esutjss-271	70	5	the	the	DET
esutjss-271	70	6	first	first	ADJ
esutjss-271	70	7	test	test	NOUN
esutjss-271	70	8	is	be	AUX
esutjss-271	70	9	to	to	PART
esutjss-271	70	10	determine	determine	VERB
esutjss-271	70	11	whether	whether	SCONJ
esutjss-271	70	12	the	the	DET
esutjss-271	70	13	modelled	model	VERB
esutjss-271	70	14	variables	variable	NOUN
esutjss-271	70	15	are	be	AUX
esutjss-271	70	16	co	co	ADJ
esutjss-271	70	17	-	-	VERB
esutjss-271	70	18	integrated	integrated	ADJ
esutjss-271	70	19	,	,	PUNCT
esutjss-271	70	20	that	that	ADV
esutjss-271	70	21	is	is	ADV
esutjss-271	70	22	,	,	PUNCT
esutjss-271	70	23	whether	whether	SCONJ
esutjss-271	70	24	long	long	ADJ
esutjss-271	70	25	run	run	NOUN
esutjss-271	70	26	relationship	relationship	NOUN
esutjss-271	70	27	exists	exist	VERB
esutjss-271	70	28	between	between	ADP
esutjss-271	70	29	the	the	DET
esutjss-271	70	30	dependent	dependent	ADJ
esutjss-271	70	31	and	and	CCONJ
esutjss-271	70	32	independent	independent	ADJ
esutjss-271	70	33	variables	variable	NOUN
esutjss-271	70	34	.	.	PUNCT
esutjss-271	71	1	once	once	ADV
esutjss-271	71	2	the	the	DET
esutjss-271	71	3	long	long	ADJ
esutjss-271	71	4	run	run	NOUN
esutjss-271	71	5	relationship	relationship	NOUN
esutjss-271	71	6	or	or	CCONJ
esutjss-271	71	7	co	co	NOUN
esutjss-271	71	8	-	-	NOUN
esutjss-271	71	9	integration	integration	NOUN
esutjss-271	71	10	has	have	AUX
esutjss-271	71	11	been	be	AUX
esutjss-271	71	12	established	establish	VERB
esutjss-271	71	13	,	,	PUNCT
esutjss-271	71	14	the	the	DET
esutjss-271	71	15	next	next	ADJ
esutjss-271	71	16	stage	stage	NOUN
esutjss-271	71	17	involves	involve	VERB
esutjss-271	71	18	the	the	DET
esutjss-271	71	19	estimation	estimation	NOUN
esutjss-271	71	20	of	of	ADP
esutjss-271	71	21	the	the	DET
esutjss-271	71	22	long	long	ADJ
esutjss-271	71	23	run	run	NOUN
esutjss-271	71	24	and	and	CCONJ
esutjss-271	71	25	short	short	ADJ
esutjss-271	71	26	run	run	NOUN
esutjss-271	71	27	coefficients	coefficient	NOUN
esutjss-271	71	28	.	.	PUNCT
esutjss-271	72	1	the	the	DET
esutjss-271	72	2	short	short	ADJ
esutjss-271	72	3	run	run	NOUN
esutjss-271	72	4	coefficients	coefficient	NOUN
esutjss-271	72	5	are	be	AUX
esutjss-271	72	6	estimated	estimate	VERB
esutjss-271	72	7	using	use	VERB
esutjss-271	72	8	the	the	DET
esutjss-271	72	9	error	error	NOUN
esutjss-271	72	10	correction	correction	NOUN
esutjss-271	72	11	modelling	modelling	NOUN
esutjss-271	72	12	which	which	PRON
esutjss-271	72	13	aims	aim	VERB
esutjss-271	72	14	at	at	ADP
esutjss-271	72	15	reconciling	reconcile	VERB
esutjss-271	72	16	the	the	DET
esutjss-271	72	17	long	long	ADJ
esutjss-271	72	18	run	run	NOUN
esutjss-271	72	19	behaviour	behaviour	NOUN
esutjss-271	72	20	of	of	ADP
esutjss-271	72	21	co	co	ADJ
esutjss-271	72	22	-	-	ADJ
esutjss-271	72	23	integrated	integrated	ADJ
esutjss-271	72	24	variables	variable	NOUN
esutjss-271	72	25	with	with	ADP
esutjss-271	72	26	their	their	PRON
esutjss-271	72	27	short	short	ADJ
esutjss-271	72	28	run	run	NOUN
esutjss-271	72	29	responses	response	NOUN
esutjss-271	72	30	.	.	PUNCT
esutjss-271	73	1	by	by	ADP
esutjss-271	73	2	employing	employ	VERB
esutjss-271	73	3	these	these	DET
esutjss-271	73	4	techniques	technique	NOUN
esutjss-271	73	5	,	,	PUNCT
esutjss-271	73	6	this	this	DET
esutjss-271	73	7	study	study	NOUN
esutjss-271	73	8	aims	aim	VERB
esutjss-271	73	9	to	to	PART
esutjss-271	73	10	provide	provide	VERB
esutjss-271	73	11	a	a	DET
esutjss-271	73	12	robust	robust	ADJ
esutjss-271	73	13	and	and	CCONJ
esutjss-271	73	14	reliable	reliable	ADJ
esutjss-271	73	15	analysis	analysis	NOUN
esutjss-271	73	16	of	of	ADP
esutjss-271	73	17	the	the	DET
esutjss-271	73	18	relationships	relationship	NOUN
esutjss-271	73	19	between	between	ADP
esutjss-271	73	20	monetary	monetary	ADJ
esutjss-271	73	21	policy	policy	NOUN
esutjss-271	73	22	reaction	reaction	NOUN
esutjss-271	73	23	function	function	NOUN
esutjss-271	73	24	and	and	CCONJ
esutjss-271	73	25	the	the	DET
esutjss-271	73	26	nigerian	nigerian	ADJ
esutjss-271	73	27	stock	stock	NOUN
esutjss-271	73	28	market	market	NOUN
esutjss-271	73	29	and	and	CCONJ
esutjss-271	73	30	the	the	DET
esutjss-271	73	31	control	control	NOUN
esutjss-271	73	32	variables	variable	VERB
esutjss-271	73	33	under	under	ADP
esutjss-271	73	34	investigation	investigation	NOUN
esutjss-271	73	35	to	to	PART
esutjss-271	73	36	gain	gain	VERB
esutjss-271	73	37	a	a	DET
esutjss-271	73	38	deeper	deep	ADJ
esutjss-271	73	39	understanding	understanding	NOUN
esutjss-271	73	40	of	of	ADP
esutjss-271	73	41	the	the	DET
esutjss-271	73	42	relationship	relationship	NOUN
esutjss-271	73	43	between	between	ADP
esutjss-271	73	44	the	the	DET
esutjss-271	73	45	variables	variable	NOUN
esutjss-271	73	46	of	of	ADP
esutjss-271	73	47	interest	interest	NOUN
esutjss-271	73	48	.	.	PUNCT
esutjss-271	74	1	a.	a.	NOUN
esutjss-271	74	2	unit	unit	PROPN
esutjss-271	74	3	root	root	PROPN
esutjss-271	74	4	test	test	NOUN
esutjss-271	74	5	procedurally	procedurally	ADV
esutjss-271	74	6	,	,	PUNCT
esutjss-271	74	7	when	when	SCONJ
esutjss-271	74	8	conducting	conduct	VERB
esutjss-271	74	9	econometric	econometric	ADJ
esutjss-271	74	10	analysis	analysis	NOUN
esutjss-271	74	11	like	like	ADP
esutjss-271	74	12	the	the	DET
esutjss-271	74	13	impact	impact	NOUN
esutjss-271	74	14	of	of	ADP
esutjss-271	74	15	monetary	monetary	ADJ
esutjss-271	74	16	policy	policy	NOUN
esutjss-271	74	17	reaction	reaction	NOUN
esutjss-271	74	18	function	function	NOUN
esutjss-271	74	19	on	on	ADP
esutjss-271	74	20	stock	stock	NOUN
esutjss-271	74	21	market	market	NOUN
esutjss-271	74	22	in	in	ADP
esutjss-271	74	23	nigeria	nigeria	PROPN
esutjss-271	74	24	using	use	VERB
esutjss-271	74	25	time	time	NOUN
esutjss-271	74	26	series	series	PROPN
esutjss-271	74	27	data	data	PROPN
esutjss-271	74	28	,	,	PUNCT
esutjss-271	74	29	researchers	researcher	NOUN
esutjss-271	74	30	face	face	VERB
esutjss-271	74	31	the	the	DET
esutjss-271	74	32	challenges	challenge	NOUN
esutjss-271	74	33	of	of	ADP
esutjss-271	74	34	dealing	deal	VERB
esutjss-271	74	35	with	with	ADP
esutjss-271	74	36	non	non	ADJ
esutjss-271	74	37	-	-	ADJ
esutjss-271	74	38	stationarity	stationarity	ADJ
esutjss-271	74	39	series	series	NOUN
esutjss-271	74	40	,	,	PUNCT
esutjss-271	74	41	annualized	annualize	VERB
esutjss-271	74	42	series	series	NOUN
esutjss-271	74	43	.	.	PUNCT
esutjss-271	75	1	non	non	ADJ
esutjss-271	75	2	-	-	ADJ
esutjss-271	75	3	stationary	stationary	ADJ
esutjss-271	75	4	time	time	NOUN
esutjss-271	75	5	series	series	PROPN
esutjss-271	75	6	data	datum	NOUN
esutjss-271	75	7	can	can	AUX
esutjss-271	75	8	lead	lead	VERB
esutjss-271	75	9	to	to	ADP
esutjss-271	75	10	spurious	spurious	ADJ
esutjss-271	75	11	regression	regression	NOUN
esutjss-271	75	12	results	result	NOUN
esutjss-271	75	13	and	and	CCONJ
esutjss-271	75	14	to	to	PART
esutjss-271	75	15	address	address	VERB
esutjss-271	75	16	this	this	DET
esutjss-271	75	17	challenge	challenge	NOUN
esutjss-271	75	18	,	,	PUNCT
esutjss-271	75	19	it	it	PRON
esutjss-271	75	20	is	be	AUX
esutjss-271	75	21	necessary	necessary	ADJ
esutjss-271	75	22	to	to	PART
esutjss-271	75	23	test	test	VERB
esutjss-271	75	24	for	for	ADP
esutjss-271	75	25	stationarity	stationarity	NOUN
esutjss-271	75	26	using	use	VERB
esutjss-271	75	27	the	the	DET
esutjss-271	75	28	unit	unit	NOUN
esutjss-271	75	29	root	root	NOUN
esutjss-271	75	30	tests	test	NOUN
esutjss-271	75	31	.	.	PUNCT
esutjss-271	76	1	the	the	DET
esutjss-271	76	2	augmented	augment	VERB
esutjss-271	76	3	dickey	dickey	NOUN
esutjss-271	76	4	-	-	PUNCT
esutjss-271	76	5	fuller	full	ADJ
esutjss-271	76	6	(	(	PUNCT
esutjss-271	76	7	adf	adf	NOUN
esutjss-271	76	8	)	)	PUNCT
esutjss-271	76	9	test	test	NOUN
esutjss-271	76	10	is	be	AUX
esutjss-271	76	11	particularly	particularly	ADV
esutjss-271	76	12	relevant	relevant	ADJ
esutjss-271	76	13	in	in	ADP
esutjss-271	76	14	this	this	DET
esutjss-271	76	15	study	study	NOUN
esutjss-271	76	16	as	as	SCONJ
esutjss-271	76	17	it	it	PRON
esutjss-271	76	18	accounts	account	VERB
esutjss-271	76	19	for	for	ADP
esutjss-271	76	20	high	high	ADJ
esutjss-271	76	21	-	-	PUNCT
esutjss-271	76	22	order	order	NOUN
esutjss-271	76	23	serial	serial	ADJ
esutjss-271	76	24	correlation	correlation	NOUN
esutjss-271	76	25	and	and	CCONJ
esutjss-271	76	26	ensures	ensure	VERB
esutjss-271	76	27	that	that	SCONJ
esutjss-271	76	28	the	the	DET
esutjss-271	76	29	variables	variable	NOUN
esutjss-271	76	30	have	have	VERB
esutjss-271	76	31	a	a	DET
esutjss-271	76	32	constant	constant	ADJ
esutjss-271	76	33	mean	mean	NOUN
esutjss-271	76	34	and	and	CCONJ
esutjss-271	76	35	variance	variance	NOUN
esutjss-271	76	36	.	.	PUNCT
esutjss-271	77	1	b.	b.	PROPN
esutjss-271	77	2	co	co	NOUN
esutjss-271	77	3	-	-	NOUN
esutjss-271	77	4	integration	integration	NOUN
esutjss-271	77	5	test	test	NOUN
esutjss-271	77	6	the	the	DET
esutjss-271	77	7	aim	aim	NOUN
esutjss-271	77	8	of	of	ADP
esutjss-271	77	9	a	a	DET
esutjss-271	77	10	co	co	NOUN
esutjss-271	77	11	-	-	NOUN
esutjss-271	77	12	integration	integration	NOUN
esutjss-271	77	13	test	test	NOUN
esutjss-271	77	14	is	be	AUX
esutjss-271	77	15	to	to	PART
esutjss-271	77	16	determine	determine	VERB
esutjss-271	77	17	whether	whether	SCONJ
esutjss-271	77	18	there	there	PRON
esutjss-271	77	19	exists	exist	VERB
esutjss-271	77	20	a	a	DET
esutjss-271	77	21	long	long	ADV
esutjss-271	77	22	-	-	PUNCT
esutjss-271	77	23	run	run	NOUN
esutjss-271	77	24	relationship	relationship	NOUN
esutjss-271	77	25	between	between	ADP
esutjss-271	77	26	monetary	monetary	ADJ
esutjss-271	77	27	policy	policy	NOUN
esutjss-271	77	28	rate	rate	NOUN
esutjss-271	77	29	and	and	CCONJ
esutjss-271	77	30	stock	stock	NOUN
esutjss-271	77	31	market	market	NOUN
esutjss-271	77	32	variables	variable	NOUN
esutjss-271	77	33	in	in	ADP
esutjss-271	77	34	nigeria	nigeria	PROPN
esutjss-271	77	35	,	,	PUNCT
esutjss-271	77	36	particularly	particularly	ADV
esutjss-271	77	37	the	the	DET
esutjss-271	77	38	all	all	DET
esutjss-271	77	39	-	-	PUNCT
esutjss-271	77	40	share	share	NOUN
esutjss-271	77	41	index	index	NOUN
esutjss-271	77	42	.	.	PUNCT
esutjss-271	78	1	this	this	DET
esutjss-271	78	2	test	test	NOUN
esutjss-271	78	3	support	support	VERB
esutjss-271	78	4	the	the	DET
esutjss-271	78	5	unit	unit	NOUN
esutjss-271	78	6	root	root	NOUN
esutjss-271	78	7	test	test	NOUN
esutjss-271	78	8	to	to	PART
esutjss-271	78	9	enhance	enhance	VERB
esutjss-271	78	10	robust	robust	ADJ
esutjss-271	78	11	analysis	analysis	NOUN
esutjss-271	78	12	and	and	CCONJ
esutjss-271	78	13	to	to	PART
esutjss-271	78	14	avoid	avoid	VERB
esutjss-271	78	15	.	.	PUNCT
esutjss-271	79	1	the	the	DET
esutjss-271	79	2	cointegration	cointegration	NOUN
esutjss-271	79	3	test	test	NOUN
esutjss-271	79	4	also	also	ADV
esutjss-271	79	5	helps	help	VERB
esutjss-271	79	6	to	to	PART
esutjss-271	79	7	identify	identify	VERB
esutjss-271	79	8	whether	whether	SCONJ
esutjss-271	79	9	a	a	DET
esutjss-271	79	10	long	long	ADV
esutjss-271	79	11	-	-	PUNCT
esutjss-271	79	12	run	run	VERB
esutjss-271	79	13	equilibrium	equilibrium	NOUN
esutjss-271	79	14	relationship	relationship	NOUN
esutjss-271	79	15	exists	exist	VERB
esutjss-271	79	16	among	among	ADP
esutjss-271	79	17	the	the	DET
esutjss-271	79	18	variables	variable	NOUN
esutjss-271	79	19	of	of	ADP
esutjss-271	79	20	monetary	monetary	ADJ
esutjss-271	79	21	policy	policy	NOUN
esutjss-271	79	22	reaction	reaction	NOUN
esutjss-271	79	23	function	function	NOUN
esutjss-271	79	24	and	and	CCONJ
esutjss-271	79	25	stock	stock	NOUN
esutjss-271	79	26	market	market	NOUN
esutjss-271	79	27	variables	variable	NOUN
esutjss-271	79	28	(	(	PUNCT
esutjss-271	79	29	all	all	DET
esutjss-271	79	30	-	-	PUNCT
esutjss-271	79	31	share	share	NOUN
esutjss-271	79	32	index	index	NOUN
esutjss-271	79	33	)	)	PUNCT
esutjss-271	79	34	.	.	PUNCT
esutjss-271	80	1	the	the	DET
esutjss-271	80	2	f	f	NOUN
esutjss-271	80	3	-	-	PUNCT
esutjss-271	80	4	bound	bind	VERB
esutjss-271	80	5	co	co	NOUN
esutjss-271	80	6	-	-	NOUN
esutjss-271	80	7	integration	integration	NOUN
esutjss-271	80	8	test	test	NOUN
esutjss-271	80	9	was	be	AUX
esutjss-271	80	10	employed	employ	VERB
esutjss-271	80	11	since	since	SCONJ
esutjss-271	80	12	it	it	PRON
esutjss-271	80	13	is	be	AUX
esutjss-271	80	14	suitable	suitable	ADJ
esutjss-271	80	15	for	for	ADP
esutjss-271	80	16	detecting	detect	VERB
esutjss-271	80	17	the	the	DET
esutjss-271	80	18	presence	presence	NOUN
esutjss-271	80	19	of	of	ADP
esutjss-271	80	20	a	a	DET
esutjss-271	80	21	long	long	ADV
esutjss-271	80	22	-	-	PUNCT
esutjss-271	80	23	run	run	NOUN
esutjss-271	80	24	relationship	relationship	NOUN
esutjss-271	80	25	in	in	ADP
esutjss-271	80	26	nardl	nardl	NOUN
esutjss-271	80	27	equation	equation	NOUN
esutjss-271	80	28	model	model	NOUN
esutjss-271	80	29	.	.	PUNCT
esutjss-271	81	1	hence	hence	ADV
esutjss-271	81	2	,	,	PUNCT
esutjss-271	81	3	if	if	SCONJ
esutjss-271	81	4	the	the	DET
esutjss-271	81	5	f	f	PROPN
esutjss-271	81	6	-	-	PUNCT
esutjss-271	81	7	statistics	statistic	NOUN
esutjss-271	81	8	of	of	ADP
esutjss-271	81	9	the	the	DET
esutjss-271	81	10	f	f	ADV
esutjss-271	81	11	-	-	PUNCT
esutjss-271	81	12	bound	bind	VERB
esutjss-271	81	13	test	test	NOUN
esutjss-271	81	14	is	be	AUX
esutjss-271	81	15	greater	great	ADJ
esutjss-271	81	16	than	than	ADP
esutjss-271	81	17	the	the	DET
esutjss-271	81	18	upper	upper	ADJ
esutjss-271	81	19	and	and	CCONJ
esutjss-271	81	20	lower	lower	ADV
esutjss-271	81	21	bound	bind	VERB
esutjss-271	81	22	result	result	NOUN
esutjss-271	81	23	at	at	ADP
esutjss-271	81	24	5	5	NUM
esutjss-271	81	25	%	%	NOUN
esutjss-271	81	26	level	level	NOUN
esutjss-271	81	27	of	of	ADP
esutjss-271	81	28	significance	significance	NOUN
esutjss-271	81	29	,	,	PUNCT
esutjss-271	81	30	a	a	DET
esutjss-271	81	31	long	long	ADJ
esutjss-271	81	32	run	run	NOUN
esutjss-271	81	33	relationship	relationship	NOUN
esutjss-271	81	34	exists	exist	VERB
esutjss-271	81	35	,	,	PUNCT
esutjss-271	81	36	otherwise	otherwise	ADV
esutjss-271	81	37	there	there	PRON
esutjss-271	81	38	is	be	VERB
esutjss-271	81	39	no	no	DET
esutjss-271	81	40	long	long	ADJ
esutjss-271	81	41	run	run	NOUN
esutjss-271	81	42	relationship	relationship	NOUN
esutjss-271	81	43	.	.	PUNCT
esutjss-271	82	1	table	table	NOUN
esutjss-271	82	2	3.1	3.1	NUM
esutjss-271	82	3	presents	present	VERB
esutjss-271	82	4	the	the	DET
esutjss-271	82	5	data	datum	NOUN
esutjss-271	82	6	for	for	ADP
esutjss-271	82	7	this	this	DET
esutjss-271	82	8	study	study	NOUN
esutjss-271	82	9	.	.	PUNCT
esutjss-271	83	1	122	122	NUM
esutjss-271	83	2	table	table	NOUN
esutjss-271	83	3	3.2	3.2	NUM
esutjss-271	83	4	:	:	PUNCT
esutjss-271	83	5	summary	summary	NOUN
esutjss-271	83	6	of	of	ADP
esutjss-271	83	7	data	datum	NOUN
esutjss-271	83	8	in	in	ADP
esutjss-271	83	9	the	the	DET
esutjss-271	83	10	model	model	NOUN
esutjss-271	83	11	&	&	CCONJ
esutjss-271	83	12	description	description	NOUN
esutjss-271	83	13	variables	variable	NOUN
esutjss-271	83	14	type	type	VERB
esutjss-271	83	15	proxy	proxy	ADJ
esutjss-271	83	16	unit	unit	NOUN
esutjss-271	83	17	of	of	ADP
esutjss-271	83	18	measurement	measurement	NOUN
esutjss-271	83	19	sources	source	NOUN
esutjss-271	83	20	(	(	PUNCT
esutjss-271	83	21	s	s	X
esutjss-271	83	22	)	)	PUNCT
esutjss-271	83	23	all	all	DET
esutjss-271	83	24	share	share	NOUN
esutjss-271	83	25	index	index	NOUN
esutjss-271	83	26	dependent	dependent	ADJ
esutjss-271	83	27	variable	variable	NOUN
esutjss-271	83	28	all	all	DET
esutjss-271	83	29	share	share	NOUN
esutjss-271	83	30	index	index	NOUN
esutjss-271	83	31	(	(	PUNCT
esutjss-271	83	32	annual	annual	ADJ
esutjss-271	83	33	%	%	NOUN
esutjss-271	83	34	)	)	PUNCT
esutjss-271	84	1	fmdq	fmdq	PROPN
esutjss-271	84	2	,	,	PUNCT
esutjss-271	84	3	nasq	nasq	PROPN
esutjss-271	84	4	,	,	PUNCT
esutjss-271	84	5	bloomberg(20	bloomberg(20	NOUN
esutjss-271	84	6	24	24	NUM
esutjss-271	84	7	)	)	PUNCT
esutjss-271	84	8	monetary	monetary	ADJ
esutjss-271	84	9	policy	policy	NOUN
esutjss-271	84	10	rate	rate	NOUN
esutjss-271	84	11	independent	independent	ADJ
esutjss-271	84	12	monetary	monetary	ADJ
esutjss-271	84	13	policy	policy	NOUN
esutjss-271	84	14	rate	rate	NOUN
esutjss-271	84	15	(	(	PUNCT
esutjss-271	84	16	annual	annual	ADJ
esutjss-271	84	17	%	%	NOUN
esutjss-271	84	18	)	)	PUNCT
esutjss-271	84	19	central	central	ADJ
esutjss-271	84	20	bank	bank	PROPN
esutjss-271	84	21	of	of	ADP
esutjss-271	84	22	nigeria	nigeria	PROPN
esutjss-271	84	23	(	(	PUNCT
esutjss-271	84	24	cbn	cbn	PROPN
esutjss-271	84	25	)	)	PUNCT
esutjss-271	84	26	(	(	PUNCT
esutjss-271	84	27	2024	2024	NUM
esutjss-271	84	28	)	)	PUNCT
esutjss-271	84	29	91	91	NUM
esutjss-271	84	30	days	day	NOUN
esutjss-271	84	31	treasury	treasury	PROPN
esutjss-271	84	32	bill	bill	NOUN
esutjss-271	84	33	independent	independent	ADJ
esutjss-271	84	34	91	91	NUM
esutjss-271	84	35	days	day	NOUN
esutjss-271	84	36	tb	tb	ADP
esutjss-271	84	37	rate	rate	NOUN
esutjss-271	84	38	(	(	PUNCT
esutjss-271	84	39	annual	annual	ADJ
esutjss-271	84	40	%	%	NOUN
esutjss-271	84	41	)	)	PUNCT
esutjss-271	84	42	dmo	dmo	PROPN
esutjss-271	84	43	(	(	PUNCT
esutjss-271	84	44	2024	2024	NUM
esutjss-271	84	45	)	)	PUNCT
esutjss-271	84	46	nominal	nominal	ADJ
esutjss-271	84	47	exchange	exchange	NOUN
esutjss-271	84	48	rate	rate	NOUN
esutjss-271	84	49	independent	independent	ADJ
esutjss-271	84	50	nominal	nominal	ADJ
esutjss-271	84	51	exchange	exchange	NOUN
esutjss-271	84	52	rate	rate	NOUN
esutjss-271	84	53	local	local	ADJ
esutjss-271	84	54	currency	currency	NOUN
esutjss-271	84	55	per	per	ADP
esutjss-271	84	56	dollar	dollar	NOUN
esutjss-271	84	57	cbn	cbn	PROPN
esutjss-271	84	58	(	(	PUNCT
esutjss-271	84	59	2024	2024	NUM
esutjss-271	84	60	)	)	PUNCT
esutjss-271	84	61	broad	broad	ADJ
esutjss-271	84	62	money	money	NOUN
esutjss-271	84	63	supply	supply	NOUN
esutjss-271	84	64	independent	independent	ADJ
esutjss-271	84	65	broad	broad	ADJ
esutjss-271	84	66	money	money	NOUN
esutjss-271	84	67	supply	supply	NOUN
esutjss-271	84	68	(	(	PUNCT
esutjss-271	84	69	annual	annual	ADJ
esutjss-271	84	70	%	%	NOUN
esutjss-271	84	71	of	of	ADP
esutjss-271	84	72	gdp	gdp	PROPN
esutjss-271	84	73	cbn	cbn	PROPN
esutjss-271	84	74	(	(	PUNCT
esutjss-271	84	75	2024	2024	NUM
esutjss-271	84	76	)	)	PUNCT
esutjss-271	84	77	inflation	inflation	NOUN
esutjss-271	84	78	rate	rate	NOUN
esutjss-271	84	79	independent	independent	ADJ
esutjss-271	84	80	inflation	inflation	NOUN
esutjss-271	84	81	rate	rate	NOUN
esutjss-271	84	82	(	(	PUNCT
esutjss-271	84	83	annual	annual	ADJ
esutjss-271	84	84	%	%	NOUN
esutjss-271	84	85	)	)	PUNCT
esutjss-271	84	86	cbn	cbn	PROPN
esutjss-271	84	87	(	(	PUNCT
esutjss-271	84	88	2024	2024	NUM
esutjss-271	84	89	)	)	PUNCT
esutjss-271	84	90	source	source	NOUN
esutjss-271	84	91	:	:	PUNCT
esutjss-271	84	92	researchers	researcher	NOUN
esutjss-271	84	93	’	'	PUNCT
esutjss-271	84	94	compilation	compilation	NOUN
esutjss-271	84	95	(	(	PUNCT
esutjss-271	84	96	2025	2025	NUM
esutjss-271	84	97	)	)	PUNCT
esutjss-271	84	98	4	4	NUM
esutjss-271	84	99	result	result	NOUN
esutjss-271	84	100	presentation	presentation	NOUN
esutjss-271	84	101	,	,	PUNCT
esutjss-271	84	102	interpretation	interpretation	NOUN
esutjss-271	84	103	and	and	CCONJ
esutjss-271	84	104	analysis	analysis	NOUN
esutjss-271	84	105	4.1	4.1	NUM
esutjss-271	84	106	data	datum	NOUN
esutjss-271	84	107	presentation	presentation	NOUN
esutjss-271	84	108	and	and	CCONJ
esutjss-271	84	109	analyses	analyse	VERB
esutjss-271	84	110	4.1.1	4.1.1	NUM
esutjss-271	84	111	descriptive	descriptive	ADJ
esutjss-271	84	112	statistics	statistic	NOUN
esutjss-271	84	113	table	table	NOUN
esutjss-271	84	114	4.1	4.1	NUM
esutjss-271	84	115	presents	present	VERB
esutjss-271	84	116	the	the	DET
esutjss-271	84	117	results	result	NOUN
esutjss-271	84	118	of	of	ADP
esutjss-271	84	119	the	the	DET
esutjss-271	84	120	descriptive	descriptive	ADJ
esutjss-271	84	121	statistics	statistic	NOUN
esutjss-271	84	122	or	or	CCONJ
esutjss-271	84	123	the	the	DET
esutjss-271	84	124	summary	summary	NOUN
esutjss-271	84	125	statistics	statistic	NOUN
esutjss-271	84	126	that	that	PRON
esutjss-271	84	127	quantitatively	quantitatively	ADV
esutjss-271	84	128	describes	describe	VERB
esutjss-271	84	129	or	or	CCONJ
esutjss-271	84	130	summarizes	summarize	VERB
esutjss-271	84	131	the	the	DET
esutjss-271	84	132	features	feature	NOUN
esutjss-271	84	133	of	of	ADP
esutjss-271	84	134	a	a	DET
esutjss-271	84	135	dataset	dataset	NOUN
esutjss-271	84	136	.	.	PUNCT
esutjss-271	85	1	table	table	NOUN
esutjss-271	85	2	4.1	4.1	NUM
esutjss-271	85	3	:	:	PUNCT
esutjss-271	85	4	descriptive	descriptive	ADJ
esutjss-271	85	5	statics	statics	PROPN
esutjss-271	85	6	asindex	asindex	PROPN
esutjss-271	85	7	mpr	mpr	NOUN
esutjss-271	85	8	tb	tb	ADP
esutjss-271	85	9	m2	m2	PROPN
esutjss-271	85	10	/	/	SYM
esutjss-271	85	11	gdp	gdp	PROPN
esutjss-271	85	12	nomex	nomex	PROPN
esutjss-271	85	13	infl	infl	PROPN
esutjss-271	85	14	mean	mean	PROPN
esutjss-271	85	15	2459463	2459463	NUM
esutjss-271	85	16	.	.	PUNCT
esutjss-271	86	1	19.29839	19.29839	NUM
esutjss-271	86	2	13.11469	13.11469	NUM
esutjss-271	86	3	1.65	1.65	NUM
esutjss-271	86	4	197.5328	197.5328	NUM
esutjss-271	86	5	19.62526	19.62526	NUM
esutjss-271	86	6	median	median	NOUN
esutjss-271	86	7	297307.1	297307.1	NUM
esutjss-271	86	8	17.94833	17.94833	NUM
esutjss-271	86	9	12.95000	12.95000	NUM
esutjss-271	86	10	6.69	6.69	NUM
esutjss-271	86	11	131.2743	131.2743	NUM
esutjss-271	86	12	13.72020	13.72020	NUM
esutjss-271	86	13	maximum	maximum	ADJ
esutjss-271	86	14	74773770	74773770	NUM
esutjss-271	86	15	31.65000	31.65000	NUM
esutjss-271	86	16	24.50000	24.50000	NUM
esutjss-271	86	17	9.98	9.98	NUM
esutjss-271	86	18	1438.730	1438.730	NUM
esutjss-271	86	19	72.83550	72.83550	NUM
esutjss-271	86	20	minimum	minimum	NOUN
esutjss-271	86	21	5083.900	5083.900	PROPN
esutjss-271	86	22	11.48313	11.48313	NUM
esutjss-271	87	1	3.785000	3.785000	NUM
esutjss-271	87	2	5.76	5.76	NUM
esutjss-271	87	3	8.038285	8.038285	NUM
esutjss-271	87	4	5.382220	5.382220	NUM
esutjss-271	87	5	std	std	NOUN
esutjss-271	87	6	.	.	PUNCT
esutjss-271	87	7	dev	dev	PROPN
esutjss-271	87	8	.	.	PROPN
esutjss-271	87	9	12585708	12585708	NUM
esutjss-271	88	1	4.250410	4.250410	NUM
esutjss-271	88	2	4.935865	4.935865	NUM
esutjss-271	88	3	2.27	2.27	NUM
esutjss-271	88	4	257.6099	257.6099	NUM
esutjss-271	88	5	16.57663	16.57663	NUM
esutjss-271	88	6	skewness	skewness	NOUN
esutjss-271	88	7	5.655383	5.655383	NUM
esutjss-271	88	8	0.944827	0.944827	NUM
esutjss-271	88	9	0.276798	0.276798	NUM
esutjss-271	88	10	1.910635	1.910635	NUM
esutjss-271	88	11	3.437250	3.437250	NUM
esutjss-271	88	12	1.845121	1.845121	NUM
esutjss-271	88	13	kurtosis	kurtosis	NOUN
esutjss-271	88	14	32.99960	32.99960	NUM
esutjss-271	88	15	3.744991	3.744991	NUM
esutjss-271	88	16	2.668875	2.668875	NUM
esutjss-271	88	17	6.789903	6.789903	NUM
esutjss-271	88	18	16.68203	16.68203	NUM
esutjss-271	88	19	5.417186	5.417186	NUM
esutjss-271	88	20	jarque	jarque	NOUN
esutjss-271	88	21	-	-	PUNCT
esutjss-271	88	22	bera	bera	NOUN
esutjss-271	88	23	1499.034	1499.034	NUM
esutjss-271	88	24	6.016798	6.016798	NUM
esutjss-271	88	25	0.606829	0.606829	NUM
esutjss-271	88	26	42.24132	42.24132	NUM
esutjss-271	88	27	341.9162	341.9162	NUM
esutjss-271	88	28	28.38014	28.38014	NUM
esutjss-271	88	29	probability	probability	NOUN
esutjss-271	88	30	0.000000	0.000000	NUM
esutjss-271	88	31	0.049371	0.049371	NUM
esutjss-271	88	32	0.738293	0.738293	NUM
esutjss-271	88	33	0.000000	0.000000	NUM
esutjss-271	88	34	0.000000	0.000000	NUM
esutjss-271	88	35	0.000001	0.000001	NUM
esutjss-271	88	36	observations	observation	NOUN
esutjss-271	88	37	35	35	NUM
esutjss-271	88	38	35	35	NUM
esutjss-271	88	39	35	35	NUM
esutjss-271	88	40	35	35	NUM
esutjss-271	88	41	35	35	NUM
esutjss-271	88	42	35	35	NUM
esutjss-271	88	43	note	note	NOUN
esutjss-271	88	44	:	:	PUNCT
esutjss-271	88	45	asindx	asindx	ADJ
esutjss-271	88	46	:	:	PUNCT
esutjss-271	88	47	all	all	DET
esutjss-271	88	48	share	share	NOUN
esutjss-271	88	49	index	index	NOUN
esutjss-271	88	50	;	;	PUNCT
esutjss-271	88	51	mpr	mpr	NOUN
esutjss-271	88	52	:	:	PUNCT
esutjss-271	88	53	monetary	monetary	ADJ
esutjss-271	88	54	policy	policy	NOUN
esutjss-271	88	55	rate	rate	NOUN
esutjss-271	88	56	;	;	PUNCT
esutjss-271	88	57	tb	tb	NOUN
esutjss-271	88	58	:	:	PUNCT
esutjss-271	88	59	91	91	NUM
esutjss-271	88	60	days	day	NOUN
esutjss-271	88	61	treasury	treasury	NOUN
esutjss-271	88	62	bill	bill	NOUN
esutjss-271	88	63	;	;	PUNCT
esutjss-271	88	64	m2	m2	PROPN
esutjss-271	88	65	/	/	SYM
esutjss-271	88	66	gdp	gdp	PROPN
esutjss-271	88	67	:	:	PUNCT
esutjss-271	88	68	broad	broad	ADJ
esutjss-271	88	69	money	money	NOUN
esutjss-271	88	70	supply	supply	NOUN
esutjss-271	88	71	;	;	PUNCT
esutjss-271	88	72	nomex	nomex	PROPN
esutjss-271	88	73	:	:	PUNCT
esutjss-271	88	74	nominal	nominal	ADJ
esutjss-271	88	75	exchange	exchange	NOUN
esutjss-271	88	76	rate	rate	NOUN
esutjss-271	88	77	;	;	PUNCT
esutjss-271	88	78	infl	infl	PROPN
esutjss-271	88	79	:	:	PUNCT
esutjss-271	88	80	inflation	inflation	NOUN
esutjss-271	88	81	rate	rate	NOUN
esutjss-271	88	82	.	.	PUNCT
esutjss-271	89	1	source	source	NOUN
esutjss-271	89	2	:	:	PUNCT
esutjss-271	89	3	researchers	researcher	NOUN
esutjss-271	89	4	’	'	PUNCT
esutjss-271	89	5	computation	computation	NOUN
esutjss-271	89	6	using	use	VERB
esutjss-271	89	7	eview	eview	PROPN
esutjss-271	89	8	12.0	12.0	NUM
esutjss-271	89	9	table	table	NOUN
esutjss-271	89	10	4.1	4.1	NUM
esutjss-271	89	11	presents	present	VERB
esutjss-271	89	12	the	the	DET
esutjss-271	89	13	descriptive	descriptive	ADJ
esutjss-271	89	14	statistics	statistic	NOUN
esutjss-271	89	15	of	of	ADP
esutjss-271	89	16	the	the	DET
esutjss-271	89	17	variables	variable	NOUN
esutjss-271	89	18	of	of	ADP
esutjss-271	89	19	all	all	DET
esutjss-271	89	20	share	share	NOUN
esutjss-271	89	21	index	index	NOUN
esutjss-271	89	22	(	(	PUNCT
esutjss-271	89	23	asindex	asindex	PROPN
esutjss-271	89	24	)	)	PUNCT
esutjss-271	89	25	,	,	PUNCT
esutjss-271	89	26	monetary	monetary	ADJ
esutjss-271	89	27	policy	policy	NOUN
esutjss-271	89	28	rate	rate	NOUN
esutjss-271	89	29	(	(	PUNCT
esutjss-271	89	30	mpr	mpr	NOUN
esutjss-271	89	31	)	)	PUNCT
esutjss-271	89	32	,	,	PUNCT
esutjss-271	89	33	91	91	NUM
esutjss-271	89	34	days	day	NOUN
esutjss-271	89	35	treasury	treasury	NOUN
esutjss-271	89	36	bill	bill	NOUN
esutjss-271	89	37	(	(	PUNCT
esutjss-271	89	38	tb	tb	NOUN
esutjss-271	89	39	)	)	PUNCT
esutjss-271	89	40	,	,	PUNCT
esutjss-271	89	41	broad	broad	ADJ
esutjss-271	89	42	money	money	NOUN
esutjss-271	89	43	supply	supply	NOUN
esutjss-271	89	44	(	(	PUNCT
esutjss-271	89	45	m2	m2	PROPN
esutjss-271	89	46	/	/	SYM
esutjss-271	89	47	gdp	gdp	PROPN
esutjss-271	89	48	)	)	PUNCT
esutjss-271	89	49	,	,	PUNCT
esutjss-271	89	50	nominal	nominal	ADJ
esutjss-271	89	51	exchange	exchange	NOUN
esutjss-271	89	52	rate	rate	NOUN
esutjss-271	89	53	(	(	PUNCT
esutjss-271	89	54	nexch	nexch	ADJ
esutjss-271	89	55	)	)	PUNCT
esutjss-271	89	56	,	,	PUNCT
esutjss-271	89	57	and	and	CCONJ
esutjss-271	89	58	inflation	inflation	NOUN
esutjss-271	89	59	rate	rate	NOUN
esutjss-271	89	60	(	(	PUNCT
esutjss-271	89	61	infl	infl	PROPN
esutjss-271	89	62	)	)	PUNCT
esutjss-271	89	63	.	.	PUNCT
esutjss-271	90	1	from	from	ADP
esutjss-271	90	2	the	the	DET
esutjss-271	90	3	presented	present	VERB
esutjss-271	90	4	evidence	evidence	NOUN
esutjss-271	90	5	in	in	ADP
esutjss-271	90	6	table	table	NOUN
esutjss-271	90	7	4.1	4.1	NUM
esutjss-271	90	8	showed	show	VERB
esutjss-271	90	9	the	the	DET
esutjss-271	90	10	average	average	ADJ
esutjss-271	90	11	values	value	NOUN
esutjss-271	90	12	of	of	ADP
esutjss-271	90	13	the	the	DET
esutjss-271	90	14	variables	variable	NOUN
esutjss-271	90	15	over	over	ADP
esutjss-271	90	16	the	the	DET
esutjss-271	90	17	years	year	NOUN
esutjss-271	90	18	,	,	PUNCT
esutjss-271	90	19	hence	hence	ADV
esutjss-271	90	20	,	,	PUNCT
esutjss-271	90	21	the	the	DET
esutjss-271	90	22	mean	mean	ADJ
esutjss-271	90	23	value	value	NOUN
esutjss-271	90	24	of	of	ADP
esutjss-271	90	25	all	all	DET
esutjss-271	90	26	share	share	NOUN
esutjss-271	90	27	index	index	NOUN
esutjss-271	90	28	(	(	PUNCT
esutjss-271	90	29	asindex	asindex	PROPN
esutjss-271	90	30	)	)	PUNCT
esutjss-271	90	31	,	,	PUNCT
esutjss-271	90	32	the	the	DET
esutjss-271	90	33	dependent	dependent	ADJ
esutjss-271	90	34	variable	variable	NOUN
esutjss-271	90	35	from	from	ADP
esutjss-271	90	36	1990	1990	NUM
esutjss-271	90	37	to	to	ADP
esutjss-271	90	38	2024	2024	NUM
esutjss-271	90	39	was	be	AUX
esutjss-271	90	40	₦	₦	ADV
esutjss-271	90	41	2	2	NUM
esutjss-271	90	42	,	,	PUNCT
esutjss-271	90	43	45	45	NUM
esutjss-271	90	44	,	,	PUNCT
esutjss-271	90	45	9463	9463	NUM
esutjss-271	90	46	,	,	PUNCT
esutjss-271	90	47	this	this	PRON
esutjss-271	90	48	implies	imply	VERB
esutjss-271	90	49	that	that	SCONJ
esutjss-271	90	50	the	the	DET
esutjss-271	90	51	total	total	ADJ
esutjss-271	90	52	value	value	NOUN
esutjss-271	90	53	of	of	ADP
esutjss-271	90	54	the	the	DET
esutjss-271	90	55	traded	trade	VERB
esutjss-271	90	56	securities	security	NOUN
esutjss-271	90	57	in	in	ADP
esutjss-271	90	58	the	the	DET
esutjss-271	90	59	equity	equity	NOUN
esutjss-271	90	60	market	market	NOUN
esutjss-271	90	61	was	be	AUX
esutjss-271	90	62	n2	n2	ADJ
esutjss-271	90	63	,	,	PUNCT
esutjss-271	90	64	45	45	NUM
esutjss-271	90	65	,	,	PUNCT
esutjss-271	90	66	9463	9463	NUM
esutjss-271	90	67	.	.	PUNCT
esutjss-271	91	1	the	the	DET
esutjss-271	91	2	independent	independent	ADJ
esutjss-271	91	3	variables	variable	NOUN
esutjss-271	91	4	like	like	ADP
esutjss-271	91	5	monetary	monetary	ADJ
esutjss-271	91	6	policy	policy	NOUN
esutjss-271	91	7	rate	rate	NOUN
esutjss-271	91	8	had	have	VERB
esutjss-271	91	9	a	a	DET
esutjss-271	91	10	mean	mean	ADJ
esutjss-271	91	11	value	value	NOUN
esutjss-271	91	12	of	of	ADP
esutjss-271	91	13	19.29	19.29	NUM
esutjss-271	91	14	%	%	NOUN
esutjss-271	91	15	;	;	PUNCT
esutjss-271	91	16	treasury	treasury	PROPN
esutjss-271	91	17	bill	bill	PROPN
esutjss-271	91	18	rate	rate	NOUN
esutjss-271	91	19	was	be	AUX
esutjss-271	91	20	13.11	13.11	NUM
esutjss-271	91	21	yields	yield	NOUN
esutjss-271	91	22	;	;	PUNCT
esutjss-271	91	23	and	and	CCONJ
esutjss-271	91	24	broad	broad	ADJ
esutjss-271	91	25	money	money	NOUN
esutjss-271	91	26	supply	supply	NOUN
esutjss-271	91	27	had	have	VERB
esutjss-271	91	28	a	a	DET
esutjss-271	91	29	mean	mean	ADJ
esutjss-271	91	30	value	value	NOUN
esutjss-271	91	31	of	of	ADP
esutjss-271	91	32	₦	₦	ADP
esutjss-271	91	33	1.65	1.65	NUM
esutjss-271	91	34	trillion	trillion	NUM
esutjss-271	91	35	.	.	PUNCT
esutjss-271	92	1	the	the	DET
esutjss-271	92	2	data	data	NOUN
esutjss-271	92	3	features	feature	NOUN
esutjss-271	92	4	had	have	VERB
esutjss-271	92	5	a	a	DET
esutjss-271	92	6	value	value	NOUN
esutjss-271	92	7	of	of	ADP
esutjss-271	92	8	approximately	approximately	ADV
esutjss-271	92	9	3	3	NUM
esutjss-271	92	10	,	,	PUNCT
esutjss-271	92	11	which	which	PRON
esutjss-271	92	12	is	be	AUX
esutjss-271	92	13	termed	term	VERB
esutjss-271	92	14	mesokurtic	mesokurtic	ADJ
esutjss-271	92	15	distribution	distribution	NOUN
esutjss-271	92	16	and	and	CCONJ
esutjss-271	92	17	it	it	PRON
esutjss-271	92	18	suggests	suggest	VERB
esutjss-271	92	19	a	a	DET
esutjss-271	92	20	normal	normal	ADJ
esutjss-271	92	21	distribution	distribution	NOUN
esutjss-271	92	22	;	;	PUNCT
esutjss-271	92	23	a	a	DET
esutjss-271	92	24	value	value	NOUN
esutjss-271	92	25	higher	high	ADJ
esutjss-271	92	26	than	than	ADP
esutjss-271	92	27	3	3	NUM
esutjss-271	92	28	is	be	AUX
esutjss-271	92	29	termed	term	VERB
esutjss-271	92	30	leptokurtic	leptokurtic	ADJ
esutjss-271	92	31	(	(	PUNCT
esutjss-271	92	32	positive	positive	ADJ
esutjss-271	92	33	kurtosis	kurtosis	NOUN
esutjss-271	92	34	)	)	PUNCT
esutjss-271	92	35	,	,	PUNCT
esutjss-271	92	36	suggesting	suggest	VERB
esutjss-271	92	37	that	that	SCONJ
esutjss-271	92	38	the	the	DET
esutjss-271	92	39	distribution	distribution	NOUN
esutjss-271	92	40	is	be	AUX
esutjss-271	92	41	a	a	DET
esutjss-271	92	42	peaked	peak	VERB
esutjss-271	92	43	-	-	PUNCT
esutjss-271	92	44	curve	curve	NOUN
esutjss-271	92	45	,	,	PUNCT
esutjss-271	92	46	having	have	VERB
esutjss-271	92	47	more	more	ADV
esutjss-271	92	48	higher	high	ADJ
esutjss-271	92	49	values	value	NOUN
esutjss-271	92	50	than	than	ADP
esutjss-271	92	51	the	the	DET
esutjss-271	92	52	sample	sample	NOUN
esutjss-271	92	53	mean	mean	VERB
esutjss-271	92	54	and	and	CCONJ
esutjss-271	92	55	a	a	DET
esutjss-271	92	56	value	value	NOUN
esutjss-271	92	57	smaller	small	ADJ
esutjss-271	92	58	than	than	ADP
esutjss-271	92	59	3	3	NUM
esutjss-271	92	60	is	be	AUX
esutjss-271	92	61	termed	term	VERB
esutjss-271	92	62	platykurtic	platykurtic	ADJ
esutjss-271	92	63	(	(	PUNCT
esutjss-271	92	64	negative	negative	ADJ
esutjss-271	92	65	kurtosis	kurtosis	NOUN
esutjss-271	92	66	)	)	PUNCT
esutjss-271	92	67	,	,	PUNCT
esutjss-271	92	68	suggesting	suggest	VERB
esutjss-271	92	69	that	that	SCONJ
esutjss-271	92	70	the	the	DET
esutjss-271	92	71	distribution	distribution	NOUN
esutjss-271	92	72	is	be	AUX
esutjss-271	92	73	a	a	DET
esutjss-271	92	74	flatted	flatted	NOUN
esutjss-271	92	75	-	-	PUNCT
esutjss-271	92	76	curve	curve	NOUN
esutjss-271	92	77	,	,	PUNCT
esutjss-271	92	78	having	have	VERB
esutjss-271	92	79	more	more	ADV
esutjss-271	92	80	lower	low	ADJ
esutjss-271	92	81	values	value	NOUN
esutjss-271	92	82	than	than	SCONJ
esutjss-271	92	83	the	the	DET
esutjss-271	92	84	sample	sample	NOUN
esutjss-271	92	85	mean	mean	VERB
esutjss-271	92	86	.	.	PUNCT
esutjss-271	93	1	thus	thus	ADV
esutjss-271	93	2	,	,	PUNCT
esutjss-271	93	3	all	all	DET
esutjss-271	93	4	the	the	DET
esutjss-271	93	5	variables	variable	NOUN
esutjss-271	93	6	https://en.wikipedia.org/wiki/summary_statistic	https://en.wikipedia.org/wiki/summary_statistic	ADJ
esutjss-271	93	7	123	123	NUM
esutjss-271	93	8	except	except	SCONJ
esutjss-271	93	9	91	91	NUM
esutjss-271	93	10	days	day	NOUN
esutjss-271	93	11	treasury	treasury	NOUN
esutjss-271	93	12	bill	bill	NOUN
esutjss-271	93	13	were	be	AUX
esutjss-271	93	14	leptokurtic	leptokurtic	ADJ
esutjss-271	93	15	,	,	PUNCT
esutjss-271	93	16	having	have	VERB
esutjss-271	93	17	higher	high	ADJ
esutjss-271	93	18	values	value	NOUN
esutjss-271	93	19	than	than	SCONJ
esutjss-271	93	20	their	their	PRON
esutjss-271	93	21	sample	sample	NOUN
esutjss-271	93	22	mean	mean	VERB
esutjss-271	93	23	values	value	NOUN
esutjss-271	93	24	.	.	PUNCT
esutjss-271	94	1	91	91	NUM
esutjss-271	94	2	days	day	NOUN
esutjss-271	94	3	treasury	treasury	NOUN
esutjss-271	94	4	bill	bill	NOUN
esutjss-271	94	5	is	be	AUX
esutjss-271	94	6	mesokurtic	mesokurtic	ADJ
esutjss-271	94	7	given	give	VERB
esutjss-271	94	8	that	that	SCONJ
esutjss-271	94	9	its	its	PRON
esutjss-271	94	10	value	value	NOUN
esutjss-271	94	11	is	be	AUX
esutjss-271	94	12	approximately	approximately	ADV
esutjss-271	94	13	3.the	3.the	DET
esutjss-271	94	14	jarquebera	jarquebera	PROPN
esutjss-271	94	15	test	test	NOUN
esutjss-271	94	16	matches	match	VERB
esutjss-271	94	17	the	the	DET
esutjss-271	94	18	skewness	skewness	NOUN
esutjss-271	94	19	and	and	CCONJ
esutjss-271	94	20	kurtosis	kurtosis	NOUN
esutjss-271	94	21	of	of	ADP
esutjss-271	94	22	the	the	DET
esutjss-271	94	23	data	datum	NOUN
esutjss-271	94	24	to	to	PART
esutjss-271	94	25	see	see	VERB
esutjss-271	94	26	if	if	SCONJ
esutjss-271	94	27	it	it	PRON
esutjss-271	94	28	matches	match	VERB
esutjss-271	94	29	a	a	DET
esutjss-271	94	30	normal	normal	ADJ
esutjss-271	94	31	distribution	distribution	NOUN
esutjss-271	94	32	.	.	PUNCT
esutjss-271	95	1	from	from	ADP
esutjss-271	95	2	the	the	DET
esutjss-271	95	3	report	report	NOUN
esutjss-271	95	4	,	,	PUNCT
esutjss-271	95	5	the	the	DET
esutjss-271	95	6	probability	probability	NOUN
esutjss-271	95	7	of	of	ADP
esutjss-271	95	8	the	the	DET
esutjss-271	95	9	jarque	jarque	NOUN
esutjss-271	95	10	-	-	PUNCT
esutjss-271	95	11	bera	bera	NOUN
esutjss-271	95	12	test	test	NOUN
esutjss-271	95	13	statistics	statistic	NOUN
esutjss-271	95	14	was	be	AUX
esutjss-271	95	15	less	less	ADJ
esutjss-271	95	16	than	than	ADP
esutjss-271	95	17	a	a	DET
esutjss-271	95	18	5	5	NUM
esutjss-271	95	19	%	%	NOUN
esutjss-271	95	20	level	level	NOUN
esutjss-271	95	21	of	of	ADP
esutjss-271	95	22	significance	significance	NOUN
esutjss-271	95	23	,	,	PUNCT
esutjss-271	95	24	this	this	PRON
esutjss-271	95	25	indicates	indicate	VERB
esutjss-271	95	26	the	the	DET
esutjss-271	95	27	rejection	rejection	NOUN
esutjss-271	95	28	of	of	ADP
esutjss-271	95	29	the	the	DET
esutjss-271	95	30	null	null	ADJ
esutjss-271	95	31	hypothesis	hypothesis	NOUN
esutjss-271	95	32	of	of	ADP
esutjss-271	95	33	normal	normal	ADJ
esutjss-271	95	34	distribution	distribution	NOUN
esutjss-271	95	35	.	.	PUNCT
esutjss-271	96	1	thus	thus	ADV
esutjss-271	96	2	,	,	PUNCT
esutjss-271	96	3	the	the	DET
esutjss-271	96	4	variables	variable	NOUN
esutjss-271	96	5	are	be	AUX
esutjss-271	96	6	not	not	PART
esutjss-271	96	7	normally	normally	ADV
esutjss-271	96	8	distributed	distribute	VERB
esutjss-271	96	9	except	except	SCONJ
esutjss-271	96	10	for	for	ADP
esutjss-271	96	11	treasury	treasury	PROPN
esutjss-271	96	12	bill	bill	NOUN
esutjss-271	96	13	with	with	ADP
esutjss-271	96	14	a	a	DET
esutjss-271	96	15	jarque	jarque	NOUN
esutjss-271	96	16	-	-	PUNCT
esutjss-271	96	17	bera	bera	NOUN
esutjss-271	96	18	statistic	statistic	NOUN
esutjss-271	96	19	greater	great	ADJ
esutjss-271	96	20	than	than	ADP
esutjss-271	96	21	5	5	NUM
esutjss-271	96	22	%	%	NOUN
esutjss-271	96	23	level	level	NOUN
esutjss-271	96	24	of	of	ADP
esutjss-271	96	25	significance	significance	NOUN
esutjss-271	96	26	.	.	PUNCT
esutjss-271	97	1	4.1.2	4.1.2	NUM
esutjss-271	97	2	correlation	correlation	NOUN
esutjss-271	97	3	matrix	matrix	NOUN
esutjss-271	97	4	the	the	DET
esutjss-271	97	5	correlation	correlation	NOUN
esutjss-271	97	6	matrix	matrix	NOUN
esutjss-271	97	7	plays	play	VERB
esutjss-271	97	8	an	an	DET
esutjss-271	97	9	important	important	ADJ
esutjss-271	97	10	role	role	NOUN
esutjss-271	97	11	in	in	ADP
esutjss-271	97	12	the	the	DET
esutjss-271	97	13	multi	multi	ADJ
esutjss-271	97	14	-	-	ADJ
esutjss-271	97	15	variance	variance	NOUN
esutjss-271	97	16	analysis	analysis	NOUN
esutjss-271	97	17	of	of	ADP
esutjss-271	97	18	this	this	DET
esutjss-271	97	19	type	type	NOUN
esutjss-271	97	20	of	of	ADP
esutjss-271	97	21	study	study	NOUN
esutjss-271	97	22	since	since	SCONJ
esutjss-271	97	23	it	it	PRON
esutjss-271	97	24	captures	capture	VERB
esutjss-271	97	25	the	the	DET
esutjss-271	97	26	degree	degree	NOUN
esutjss-271	97	27	of	of	ADP
esutjss-271	97	28	relationship	relationship	NOUN
esutjss-271	97	29	between	between	ADP
esutjss-271	97	30	all	all	DET
esutjss-271	97	31	share	share	NOUN
esutjss-271	97	32	index	index	NOUN
esutjss-271	97	33	and	and	CCONJ
esutjss-271	97	34	the	the	DET
esutjss-271	97	35	independent	independent	ADJ
esutjss-271	97	36	variables	variable	NOUN
esutjss-271	97	37	.	.	PUNCT
esutjss-271	98	1	the	the	DET
esutjss-271	98	2	correlation	correlation	NOUN
esutjss-271	98	3	matrix	matrix	NOUN
esutjss-271	98	4	shows	show	VERB
esutjss-271	98	5	the	the	DET
esutjss-271	98	6	correlation	correlation	NOUN
esutjss-271	98	7	coefficient	coefficient	NOUN
esutjss-271	98	8	between	between	ADP
esutjss-271	98	9	the	the	DET
esutjss-271	98	10	variables	variable	NOUN
esutjss-271	98	11	related	relate	VERB
esutjss-271	98	12	to	to	ADP
esutjss-271	98	13	asindex	asindex	NOUN
esutjss-271	98	14	.	.	PUNCT
esutjss-271	99	1	the	the	DET
esutjss-271	99	2	correlation	correlation	NOUN
esutjss-271	99	3	matrix	matrix	NOUN
esutjss-271	99	4	ranges	range	VERB
esutjss-271	99	5	from	from	ADP
esutjss-271	99	6	-1	-1	INTJ
esutjss-271	99	7	to	to	ADP
esutjss-271	99	8	+1	+1	PROPN
esutjss-271	99	9	.	.	PUNCT
esutjss-271	100	1	a	a	DET
esutjss-271	100	2	correlation	correlation	NOUN
esutjss-271	100	3	of	of	ADP
esutjss-271	100	4	-1.0	-1.0	PROPN
esutjss-271	100	5	shows	show	VERB
esutjss-271	100	6	a	a	DET
esutjss-271	100	7	perfect	perfect	ADJ
esutjss-271	100	8	negative	negative	ADJ
esutjss-271	100	9	correlation	correlation	NOUN
esutjss-271	100	10	,	,	PUNCT
esutjss-271	100	11	while	while	SCONJ
esutjss-271	100	12	a	a	DET
esutjss-271	100	13	correlation	correlation	NOUN
esutjss-271	100	14	of	of	ADP
esutjss-271	100	15	1.0	1.0	NUM
esutjss-271	100	16	shows	show	VERB
esutjss-271	100	17	a	a	DET
esutjss-271	100	18	perfect	perfect	ADJ
esutjss-271	100	19	positive	positive	ADJ
esutjss-271	100	20	correlation	correlation	NOUN
esutjss-271	100	21	.	.	PUNCT
esutjss-271	101	1	a	a	DET
esutjss-271	101	2	correlation	correlation	NOUN
esutjss-271	101	3	of	of	ADP
esutjss-271	101	4	0.0	0.0	NUM
esutjss-271	101	5	shows	show	VERB
esutjss-271	101	6	no	no	DET
esutjss-271	101	7	relationship	relationship	NOUN
esutjss-271	101	8	between	between	ADP
esutjss-271	101	9	the	the	DET
esutjss-271	101	10	movements	movement	NOUN
esutjss-271	101	11	of	of	ADP
esutjss-271	101	12	the	the	DET
esutjss-271	101	13	two	two	NUM
esutjss-271	101	14	variables	variable	NOUN
esutjss-271	101	15	,	,	PUNCT
esutjss-271	101	16	a	a	DET
esutjss-271	101	17	number	number	NOUN
esutjss-271	101	18	greater	great	ADJ
esutjss-271	101	19	than	than	ADP
esutjss-271	101	20	1.0	1.0	NUM
esutjss-271	101	21	or	or	CCONJ
esutjss-271	101	22	less	less	ADJ
esutjss-271	101	23	than	than	ADP
esutjss-271	101	24	-1.0	-1.0	PROPN
esutjss-271	101	25	means	mean	VERB
esutjss-271	101	26	that	that	SCONJ
esutjss-271	101	27	there	there	PRON
esutjss-271	101	28	was	be	VERB
esutjss-271	101	29	an	an	DET
esutjss-271	101	30	error	error	NOUN
esutjss-271	101	31	in	in	ADP
esutjss-271	101	32	the	the	DET
esutjss-271	101	33	correlation	correlation	NOUN
esutjss-271	101	34	measurement	measurement	NOUN
esutjss-271	101	35	.	.	PUNCT
esutjss-271	102	1	the	the	PRON
esutjss-271	102	2	closer	close	ADV
esutjss-271	102	3	the	the	DET
esutjss-271	102	4	coefficient	coefficient	NOUN
esutjss-271	102	5	is	be	AUX
esutjss-271	102	6	to	to	ADP
esutjss-271	102	7	1	1	NUM
esutjss-271	102	8	or	or	CCONJ
esutjss-271	102	9	-1	-1	ADP
esutjss-271	102	10	,	,	PUNCT
esutjss-271	102	11	the	the	PRON
esutjss-271	102	12	stronger	strong	ADJ
esutjss-271	102	13	the	the	DET
esutjss-271	102	14	correlation	correlation	NOUN
esutjss-271	102	15	,	,	PUNCT
esutjss-271	102	16	and	and	CCONJ
esutjss-271	102	17	vice	vice	ADV
esutjss-271	102	18	versa	versa	ADV
esutjss-271	102	19	.	.	PUNCT
esutjss-271	103	1	the	the	DET
esutjss-271	103	2	result	result	NOUN
esutjss-271	103	3	is	be	AUX
esutjss-271	103	4	presented	present	VERB
esutjss-271	103	5	in	in	ADP
esutjss-271	103	6	appendix	appendix	NOUN
esutjss-271	103	7	3	3	NUM
esutjss-271	103	8	and	and	CCONJ
esutjss-271	103	9	summarized	summarize	VERB
esutjss-271	103	10	in	in	ADP
esutjss-271	103	11	table	table	NOUN
esutjss-271	103	12	4.2	4.2	NUM
esutjss-271	103	13	.	.	PUNCT
esutjss-271	104	1	table	table	NOUN
esutjss-271	104	2	4.2	4.2	NUM
esutjss-271	104	3	:	:	PUNCT
esutjss-271	104	4	correlation	correlation	NOUN
esutjss-271	104	5	matrix	matrix	NOUN
esutjss-271	104	6	result	result	NOUN
esutjss-271	104	7	correlation	correlation	NOUN
esutjss-271	104	8	asindex	asindex	NOUN
esutjss-271	104	9	mpr	mpr	NOUN
esutjss-271	104	10	tb	tb	ADP
esutjss-271	104	11	m2	m2	PROPN
esutjss-271	104	12	/	/	SYM
esutjss-271	104	13	gdp	gdp	PROPN
esutjss-271	104	14	nomex	nomex	PROPN
esutjss-271	104	15	infl	infl	PROPN
esutjss-271	104	16	asindex	asindex	PROPN
esutjss-271	104	17	1.000000	1.000000	NUM
esutjss-271	104	18	mpr	mpr	NOUN
esutjss-271	104	19	0.295027	0.295027	NUM
esutjss-271	104	20	1.000000	1.000000	NUM
esutjss-271	104	21	tb	tb	ADP
esutjss-271	104	22	0.246211	0.246211	NUM
esutjss-271	104	23	0.462381	0.462381	NUM
esutjss-271	104	24	1.000000	1.000000	NUM
esutjss-271	104	25	m2	m2	PROPN
esutjss-271	104	26	/	/	SYM
esutjss-271	104	27	gdp	gdp	NOUN
esutjss-271	104	28	0.417659	0.417659	NUM
esutjss-271	104	29	-0.035614	-0.035614	NOUN
esutjss-271	104	30	0.342948	0.342948	NUM
esutjss-271	104	31	1.000000	1.000000	NUM
esutjss-271	104	32	nomex	nomex	NOUN
esutjss-271	104	33	0.313026	0.313026	NUM
esutjss-271	104	34	0.125863	0.125863	NUM
esutjss-271	104	35	0.331020	0.331020	NUM
esutjss-271	104	36	0.939792	0.939792	NUM
esutjss-271	104	37	1.000000	1.000000	NUM
esutjss-271	104	38	infl	infl	PROPN
esutjss-271	104	39	0.045001	0.045001	NUM
esutjss-271	104	40	0.376528	0.376528	NUM
esutjss-271	104	41	0.494121	0.494121	NUM
esutjss-271	104	42	-0.112400	-0.112400	NOUN
esutjss-271	104	43	-0.093518	-0.093518	NOUN
esutjss-271	104	44	1.000000	1.000000	NUM
esutjss-271	104	45	source	source	NOUN
esutjss-271	104	46	:	:	PUNCT
esutjss-271	104	47	researchers	researcher	NOUN
esutjss-271	104	48	’	'	PUNCT
esutjss-271	104	49	computation	computation	NOUN
esutjss-271	104	50	using	use	VERB
esutjss-271	104	51	eviews	eviews	PROPN
esutjss-271	104	52	12.0	12.0	NUM
esutjss-271	104	53	table	table	NOUN
esutjss-271	104	54	4.2	4.2	NUM
esutjss-271	104	55	showed	show	VERB
esutjss-271	104	56	that	that	SCONJ
esutjss-271	104	57	the	the	DET
esutjss-271	104	58	variables	variable	NOUN
esutjss-271	104	59	are	be	AUX
esutjss-271	104	60	positively	positively	ADV
esutjss-271	104	61	correlated	correlate	VERB
esutjss-271	104	62	.	.	PUNCT
esutjss-271	105	1	with	with	ADP
esutjss-271	105	2	a	a	DET
esutjss-271	105	3	focus	focus	NOUN
esutjss-271	105	4	on	on	ADP
esutjss-271	105	5	the	the	DET
esutjss-271	105	6	dependent	dependent	ADJ
esutjss-271	105	7	variable	variable	NOUN
esutjss-271	105	8	which	which	PRON
esutjss-271	105	9	is	be	AUX
esutjss-271	105	10	all	all	DET
esutjss-271	105	11	share	share	NOUN
esutjss-271	105	12	index	index	NOUN
esutjss-271	105	13	(	(	PUNCT
esutjss-271	105	14	asindex	asindex	PROPN
esutjss-271	105	15	)	)	PUNCT
esutjss-271	105	16	,	,	PUNCT
esutjss-271	105	17	it	it	PRON
esutjss-271	105	18	can	can	AUX
esutjss-271	105	19	be	be	AUX
esutjss-271	105	20	seen	see	VERB
esutjss-271	105	21	that	that	SCONJ
esutjss-271	105	22	the	the	DET
esutjss-271	105	23	correlation	correlation	NOUN
esutjss-271	105	24	between	between	ADP
esutjss-271	105	25	asindex	asindex	NOUN
esutjss-271	105	26	and	and	CCONJ
esutjss-271	105	27	monetary	monetary	ADJ
esutjss-271	105	28	policy	policy	NOUN
esutjss-271	105	29	rate	rate	NOUN
esutjss-271	105	30	(	(	PUNCT
esutjss-271	105	31	mpr	mpr	NOUN
esutjss-271	105	32	)	)	PUNCT
esutjss-271	105	33	is	be	AUX
esutjss-271	105	34	0.29	0.29	NUM
esutjss-271	105	35	which	which	PRON
esutjss-271	105	36	indicates	indicate	VERB
esutjss-271	105	37	mpr	mpr	PROPN
esutjss-271	105	38	is	be	AUX
esutjss-271	105	39	weakly	weakly	ADJ
esutjss-271	105	40	and	and	CCONJ
esutjss-271	105	41	positively	positively	ADV
esutjss-271	105	42	associated	associate	VERB
esutjss-271	105	43	with	with	ADP
esutjss-271	105	44	asindex	asindex	NOUN
esutjss-271	105	45	.	.	PUNCT
esutjss-271	106	1	it	it	PRON
esutjss-271	106	2	is	be	AUX
esutjss-271	106	3	also	also	ADV
esutjss-271	106	4	asymmetric	asymmetric	ADJ
esutjss-271	106	5	showing	show	VERB
esutjss-271	106	6	that	that	SCONJ
esutjss-271	106	7	the	the	DET
esutjss-271	106	8	variables	variable	NOUN
esutjss-271	106	9	are	be	AUX
esutjss-271	106	10	mirror	mirror	NOUN
esutjss-271	106	11	images	image	NOUN
esutjss-271	106	12	of	of	ADP
esutjss-271	106	13	each	each	DET
esutjss-271	106	14	other	other	ADJ
esutjss-271	106	15	.	.	PUNCT
esutjss-271	107	1	4.1.3	4.1.3	NUM
esutjss-271	107	2	unit	unit	NOUN
esutjss-271	107	3	root	root	NOUN
esutjss-271	107	4	tests	test	NOUN
esutjss-271	107	5	table	table	VERB
esutjss-271	107	6	4.3	4.3	NUM
esutjss-271	107	7	presents	present	VERB
esutjss-271	107	8	the	the	DET
esutjss-271	107	9	unit	unit	NOUN
esutjss-271	107	10	root	root	NOUN
esutjss-271	107	11	test	test	NOUN
esutjss-271	107	12	using	use	VERB
esutjss-271	107	13	the	the	DET
esutjss-271	107	14	augmented	augment	VERB
esutjss-271	107	15	dickey	dickey	PROPN
esutjss-271	107	16	fuller	full	ADJ
esutjss-271	107	17	(	(	PUNCT
esutjss-271	107	18	adf	adf	NOUN
esutjss-271	107	19	)	)	PUNCT
esutjss-271	107	20	and	and	CCONJ
esutjss-271	107	21	philip	philip	PROPN
esutjss-271	107	22	–	–	PUNCT
esutjss-271	107	23	perron(pp	perron(pp	NOUN
esutjss-271	107	24	)	)	PUNCT
esutjss-271	107	25	at	at	ADP
esutjss-271	107	26	the	the	DET
esutjss-271	107	27	standard	standard	ADJ
esutjss-271	107	28	5	5	NUM
esutjss-271	107	29	percent	percent	NOUN
esutjss-271	107	30	level	level	NOUN
esutjss-271	107	31	of	of	ADP
esutjss-271	107	32	significance	significance	NOUN
esutjss-271	107	33	.	.	PUNCT
esutjss-271	108	1	table	table	NOUN
esutjss-271	108	2	4.3	4.3	NUM
esutjss-271	108	3	:	:	PUNCT
esutjss-271	108	4	adf	adf	NOUN
esutjss-271	108	5	and	and	CCONJ
esutjss-271	108	6	pp	pp	PROPN
esutjss-271	108	7	unit	unit	NOUN
esutjss-271	108	8	root	root	NOUN
esutjss-271	108	9	tests	test	NOUN
esutjss-271	108	10	results	result	VERB
esutjss-271	108	11	variables	variable	NOUN
esutjss-271	108	12	adf	adf	PROPN
esutjss-271	108	13	stat	stat	PROPN
esutjss-271	108	14	5	5	NUM
esutjss-271	108	15	%	%	NOUN
esutjss-271	108	16	critical	critical	ADJ
esutjss-271	108	17	value	value	NOUN
esutjss-271	108	18	order	order	NOUN
esutjss-271	108	19	of	of	ADP
esutjss-271	108	20	integration	integration	NOUN
esutjss-271	108	21	pp	pp	ADP
esutjss-271	108	22	stat	stat	PROPN
esutjss-271	108	23	5	5	NUM
esutjss-271	108	24	%	%	NOUN
esutjss-271	108	25	critical	critical	ADJ
esutjss-271	108	26	value	value	NOUN
esutjss-271	108	27	order	order	NOUN
esutjss-271	108	28	of	of	ADP
esutjss-271	108	29	integration	integration	NOUN
esutjss-271	108	30	asindex	asindex	NOUN
esutjss-271	108	31	-5.7466	-5.7466	NOUN
esutjss-271	108	32	-2.9511	-2.9511	VERB
esutjss-271	108	33	i(0	i(0	NOUN
esutjss-271	108	34	)	)	PUNCT
esutjss-271	108	35	-5.7466	-5.7466	PROPN
esutjss-271	108	36	-2.9511	-2.9511	VERB
esutjss-271	109	1	i(0	i(0	NOUN
esutjss-271	109	2	)	)	PUNCT
esutjss-271	109	3	mpr	mpr	NOUN
esutjss-271	109	4	-5.9803	-5.9803	NOUN
esutjss-271	109	5	-2.9540	-2.9540	PROPN
esutjss-271	109	6	i(1	i(1	PROPN
esutjss-271	109	7	)	)	PUNCT
esutjss-271	109	8	-6.0848	-6.0848	PROPN
esutjss-271	109	9	-2.9540	-2.9540	PUNCT
esutjss-271	109	10	i(1	i(1	PROPN
esutjss-271	109	11	)	)	PUNCT
esutjss-271	109	12	tb	tb	ADP
esutjss-271	109	13	-6.3449	-6.3449	PROPN
esutjss-271	109	14	-2.9540	-2.9540	PROPN
esutjss-271	109	15	i(1	i(1	PROPN
esutjss-271	109	16	)	)	PUNCT
esutjss-271	109	17	-6.4744	-6.4744	NOUN
esutjss-271	109	18	-2.9540	-2.9540	PUNCT
esutjss-271	110	1	i(1	i(1	PROPN
esutjss-271	110	2	)	)	PUNCT
esutjss-271	110	3	m2	m2	PROPN
esutjss-271	110	4	/	/	SYM
esutjss-271	110	5	gdp	gdp	NOUN
esutjss-271	110	6	3.9823	3.9823	NUM
esutjss-271	110	7	-2.9571	-2.9571	PUNCT
esutjss-271	110	8	i(1	i(1	PROPN
esutjss-271	110	9	)	)	PUNCT
esutjss-271	110	10	6.1095	6.1095	NUM
esutjss-271	110	11	-2.9540	-2.9540	PUNCT
esutjss-271	110	12	i(1	i(1	PROPN
esutjss-271	110	13	)	)	PUNCT
esutjss-271	110	14	nomex	nomex	NOUN
esutjss-271	110	15	6.2594	6.2594	NUM
esutjss-271	110	16	-2.9540	-2.9540	NOUN
esutjss-271	110	17	i(1	i(1	PROPN
esutjss-271	110	18	)	)	PUNCT
esutjss-271	110	19	10.5158	10.5158	NUM
esutjss-271	110	20	-2.9540	-2.9540	ADJ
esutjss-271	110	21	i(1	i(1	PROPN
esutjss-271	110	22	)	)	PUNCT
esutjss-271	110	23	infl	infl	PROPN
esutjss-271	110	24	-2.9918	-2.9918	PROPN
esutjss-271	110	25	-2.9511	-2.9511	PROPN
esutjss-271	110	26	i(0	i(0	PROPN
esutjss-271	110	27	)	)	PUNCT
esutjss-271	110	28	-3.1502	-3.1502	NOUN
esutjss-271	111	1	-2.9511	-2.9511	PROPN
esutjss-271	111	2	i(1	i(1	PROPN
esutjss-271	111	3	)	)	PUNCT
esutjss-271	111	4	source	source	NOUN
esutjss-271	111	5	:	:	PUNCT
esutjss-271	111	6	researchers	researcher	NOUN
esutjss-271	111	7	’	'	PUNCT
esutjss-271	111	8	computation	computation	NOUN
esutjss-271	111	9	using	use	VERB
esutjss-271	111	10	eviews	eviews	PROPN
esutjss-271	111	11	12.0	12.0	NUM
esutjss-271	111	12	124	124	NUM
esutjss-271	111	13	4.1.4	4.1.4	NUM
esutjss-271	111	14	co	co	NOUN
esutjss-271	111	15	-	-	NOUN
esutjss-271	111	16	integration	integration	NOUN
esutjss-271	111	17	tests	test	NOUN
esutjss-271	111	18	further	far	ADV
esutjss-271	111	19	confirming	confirm	VERB
esutjss-271	111	20	the	the	DET
esutjss-271	111	21	relationship	relationship	NOUN
esutjss-271	111	22	between	between	ADP
esutjss-271	111	23	monetary	monetary	ADJ
esutjss-271	111	24	policy	policy	NOUN
esutjss-271	111	25	reaction	reaction	NOUN
esutjss-271	111	26	function	function	NOUN
esutjss-271	111	27	and	and	CCONJ
esutjss-271	111	28	stock	stock	NOUN
esutjss-271	111	29	market	market	NOUN
esutjss-271	111	30	in	in	ADP
esutjss-271	111	31	nigeria	nigeria	PROPN
esutjss-271	111	32	is	be	AUX
esutjss-271	111	33	the	the	DET
esutjss-271	111	34	co	co	NOUN
esutjss-271	111	35	-	-	NOUN
esutjss-271	111	36	integration	integration	NOUN
esutjss-271	111	37	test	test	NOUN
esutjss-271	111	38	,	,	PUNCT
esutjss-271	111	39	which	which	PRON
esutjss-271	111	40	tests	test	VERB
esutjss-271	111	41	the	the	DET
esutjss-271	111	42	long	long	ADV
esutjss-271	111	43	-	-	PUNCT
esutjss-271	111	44	run	run	VERB
esutjss-271	111	45	dynamic	dynamic	ADJ
esutjss-271	111	46	relationship	relationship	NOUN
esutjss-271	111	47	between	between	ADP
esutjss-271	111	48	monetary	monetary	ADJ
esutjss-271	111	49	policy	policy	NOUN
esutjss-271	111	50	reaction	reaction	NOUN
esutjss-271	111	51	function	function	NOUN
esutjss-271	111	52	and	and	CCONJ
esutjss-271	111	53	stock	stock	NOUN
esutjss-271	111	54	market	market	NOUN
esutjss-271	111	55	in	in	ADP
esutjss-271	111	56	nigeria	nigeria	PROPN
esutjss-271	111	57	.	.	PUNCT
esutjss-271	112	1	table	table	NOUN
esutjss-271	112	2	4.4	4.4	NUM
esutjss-271	112	3	presents	present	VERB
esutjss-271	112	4	the	the	DET
esutjss-271	112	5	nardl	nardl	NOUN
esutjss-271	112	6	co	co	NOUN
esutjss-271	112	7	-	-	NOUN
esutjss-271	112	8	integration	integration	NOUN
esutjss-271	112	9	test	test	NOUN
esutjss-271	112	10	results	result	NOUN
esutjss-271	112	11	.	.	PUNCT
esutjss-271	113	1	table	table	NOUN
esutjss-271	113	2	4.4	4.4	NUM
esutjss-271	113	3	:	:	PUNCT
esutjss-271	113	4	nardl	nardl	PROPN
esutjss-271	113	5	bound	bind	VERB
esutjss-271	113	6	test	test	NOUN
esutjss-271	113	7	result	result	VERB
esutjss-271	113	8	f	f	X
esutjss-271	113	9	-	-	PUNCT
esutjss-271	113	10	bounds	bound	NOUN
esutjss-271	113	11	test	test	NOUN
esutjss-271	113	12	null	null	ADJ
esutjss-271	113	13	hypothesis	hypothesis	NOUN
esutjss-271	113	14	:	:	PUNCT
esutjss-271	113	15	no	no	DET
esutjss-271	113	16	levels	level	NOUN
esutjss-271	113	17	relationship	relationship	NOUN
esutjss-271	113	18	test	test	NOUN
esutjss-271	113	19	statistic	statistic	PROPN
esutjss-271	113	20	value	value	NOUN
esutjss-271	113	21	signif	signif	NOUN
esutjss-271	113	22	.	.	PUNCT
esutjss-271	114	1	i(0	i(0	PROPN
esutjss-271	114	2	)	)	PUNCT
esutjss-271	114	3	i(1	i(1	PROPN
esutjss-271	114	4	)	)	PUNCT
esutjss-271	114	5	asymptotic	asymptotic	ADJ
esutjss-271	114	6	:	:	PUNCT
esutjss-271	114	7	n=1000	n=1000	PROPN
esutjss-271	114	8	f	f	X
esutjss-271	114	9	-	-	PUNCT
esutjss-271	114	10	statistic	statistic	NOUN
esutjss-271	114	11	29.39103	29.39103	NUM
esutjss-271	114	12	10	10	NUM
esutjss-271	114	13	%	%	NOUN
esutjss-271	114	14	1.92	1.92	NUM
esutjss-271	114	15	2.89	2.89	NUM
esutjss-271	114	16	k	k	NOUN
esutjss-271	114	17	7	7	NUM
esutjss-271	114	18	5	5	NUM
esutjss-271	114	19	%	%	NOUN
esutjss-271	114	20	2.17	2.17	NUM
esutjss-271	114	21	3.21	3.21	NUM
esutjss-271	114	22	2.5	2.5	NUM
esutjss-271	114	23	%	%	NOUN
esutjss-271	114	24	2.43	2.43	NUM
esutjss-271	114	25	3.51	3.51	NUM
esutjss-271	114	26	1	1	NUM
esutjss-271	114	27	%	%	NOUN
esutjss-271	114	28	2.73	2.73	NUM
esutjss-271	114	29	3.9	3.9	NUM
esutjss-271	114	30	actual	actual	ADJ
esutjss-271	114	31	sample	sample	NOUN
esutjss-271	114	32	size	size	NOUN
esutjss-271	114	33	32	32	NUM
esutjss-271	114	34	finite	finite	PROPN
esutjss-271	114	35	sample	sample	NOUN
esutjss-271	114	36	:	:	PUNCT
esutjss-271	114	37	n=35	n=35	PROPN
esutjss-271	114	38	10	10	NUM
esutjss-271	114	39	%	%	NOUN
esutjss-271	114	40	2.196	2.196	NUM
esutjss-271	114	41	3.37	3.37	NUM
esutjss-271	114	42	5	5	NUM
esutjss-271	114	43	%	%	NOUN
esutjss-271	114	44	2.597	2.597	NUM
esutjss-271	114	45	3.907	3.907	NUM
esutjss-271	114	46	1	1	NUM
esutjss-271	114	47	%	%	NOUN
esutjss-271	114	48	3.599	3.599	NUM
esutjss-271	114	49	5.23	5.23	NUM
esutjss-271	114	50	finite	finite	ADJ
esutjss-271	114	51	sample	sample	NOUN
esutjss-271	114	52	:	:	PUNCT
esutjss-271	114	53	n=30	n=30	PROPN
esutjss-271	114	54	10	10	NUM
esutjss-271	114	55	%	%	NOUN
esutjss-271	114	56	2.277	2.277	NUM
esutjss-271	114	57	3.498	3.498	NUM
esutjss-271	114	58	5	5	NUM
esutjss-271	114	59	%	%	NOUN
esutjss-271	114	60	2.73	2.73	NUM
esutjss-271	114	61	4.163	4.163	NUM
esutjss-271	114	62	1	1	NUM
esutjss-271	114	63	%	%	NOUN
esutjss-271	114	64	3.864	3.864	NUM
esutjss-271	114	65	5.694	5.694	NUM
esutjss-271	114	66	source	source	NOUN
esutjss-271	114	67	:	:	PUNCT
esutjss-271	114	68	researchers	researcher	NOUN
esutjss-271	114	69	’	'	PUNCT
esutjss-271	114	70	computation	computation	NOUN
esutjss-271	114	71	using	use	VERB
esutjss-271	114	72	eviews	eviews	PROPN
esutjss-271	114	73	12.0	12.0	NUM
esutjss-271	114	74	from	from	ADP
esutjss-271	114	75	table	table	NOUN
esutjss-271	114	76	4.4	4.4	NUM
esutjss-271	114	77	,	,	PUNCT
esutjss-271	114	78	the	the	DET
esutjss-271	114	79	value	value	NOUN
esutjss-271	114	80	of	of	ADP
esutjss-271	114	81	the	the	DET
esutjss-271	114	82	f	f	NOUN
esutjss-271	114	83	-	-	PUNCT
esutjss-271	114	84	statistic	statistic	NOUN
esutjss-271	114	85	which	which	PRON
esutjss-271	114	86	29.39	29.39	NUM
esutjss-271	114	87	is	be	AUX
esutjss-271	114	88	greater	great	ADJ
esutjss-271	114	89	than	than	ADP
esutjss-271	114	90	the	the	DET
esutjss-271	114	91	lower	low	ADJ
esutjss-271	114	92	and	and	CCONJ
esutjss-271	114	93	upper	upper	ADJ
esutjss-271	114	94	bound	bind	VERB
esutjss-271	114	95	test	test	NOUN
esutjss-271	114	96	at	at	ADP
esutjss-271	114	97	5	5	NUM
esutjss-271	114	98	%	%	NOUN
esutjss-271	114	99	level	level	NOUN
esutjss-271	114	100	of	of	ADP
esutjss-271	114	101	significance	significance	NOUN
esutjss-271	114	102	.	.	PUNCT
esutjss-271	115	1	this	this	PRON
esutjss-271	115	2	shows	show	VERB
esutjss-271	115	3	that	that	SCONJ
esutjss-271	115	4	there	there	PRON
esutjss-271	115	5	is	be	VERB
esutjss-271	115	6	a	a	DET
esutjss-271	115	7	long	long	ADJ
esutjss-271	115	8	run	run	NOUN
esutjss-271	115	9	relationship	relationship	NOUN
esutjss-271	115	10	between	between	ADP
esutjss-271	115	11	all	all	DET
esutjss-271	115	12	share	share	NOUN
esutjss-271	115	13	index	index	NOUN
esutjss-271	115	14	and	and	CCONJ
esutjss-271	115	15	the	the	DET
esutjss-271	115	16	independent	independent	ADJ
esutjss-271	115	17	variables	variable	NOUN
esutjss-271	115	18	of	of	ADP
esutjss-271	115	19	monetary	monetary	ADJ
esutjss-271	115	20	policy	policy	NOUN
esutjss-271	115	21	rate	rate	NOUN
esutjss-271	115	22	,	,	PUNCT
esutjss-271	115	23	treasury	treasury	PROPN
esutjss-271	115	24	bills	bill	NOUN
esutjss-271	115	25	,	,	PUNCT
esutjss-271	115	26	broad	broad	ADJ
esutjss-271	115	27	money	money	NOUN
esutjss-271	115	28	supply	supply	NOUN
esutjss-271	115	29	,	,	PUNCT
esutjss-271	115	30	nominal	nominal	ADJ
esutjss-271	115	31	exchange	exchange	NOUN
esutjss-271	115	32	rate	rate	NOUN
esutjss-271	115	33	,	,	PUNCT
esutjss-271	115	34	and	and	CCONJ
esutjss-271	115	35	inflation	inflation	NOUN
esutjss-271	115	36	rate	rate	NOUN
esutjss-271	115	37	.	.	PUNCT
esutjss-271	116	1	4.2	4.2	NUM
esutjss-271	116	2	model	model	NOUN
esutjss-271	116	3	estimation	estimation	NOUN
esutjss-271	116	4	/	/	SYM
esutjss-271	116	5	evaluation	evaluation	NOUN
esutjss-271	116	6	4.2.1	4.2.1	NOUN
esutjss-271	116	7	:	:	PUNCT
esutjss-271	116	8	nardl	nardl	NOUN
esutjss-271	116	9	estimates	estimate	NOUN
esutjss-271	116	10	since	since	SCONJ
esutjss-271	116	11	it	it	PRON
esutjss-271	116	12	has	have	AUX
esutjss-271	116	13	been	be	AUX
esutjss-271	116	14	established	establish	VERB
esutjss-271	116	15	that	that	SCONJ
esutjss-271	116	16	there	there	PRON
esutjss-271	116	17	is	be	VERB
esutjss-271	116	18	a	a	DET
esutjss-271	116	19	long	long	ADV
esutjss-271	116	20	-	-	PUNCT
esutjss-271	116	21	run	run	NOUN
esutjss-271	116	22	relationship	relationship	NOUN
esutjss-271	116	23	amongst	amongst	ADP
esutjss-271	116	24	the	the	DET
esutjss-271	116	25	variables	variable	NOUN
esutjss-271	116	26	under	under	ADP
esutjss-271	116	27	study	study	NOUN
esutjss-271	116	28	,	,	PUNCT
esutjss-271	116	29	the	the	DET
esutjss-271	116	30	nardl	nardl	NOUN
esutjss-271	116	31	model	model	NOUN
esutjss-271	116	32	long	long	ADV
esutjss-271	116	33	-	-	PUNCT
esutjss-271	116	34	run	run	NOUN
esutjss-271	116	35	form	form	NOUN
esutjss-271	116	36	was	be	AUX
esutjss-271	116	37	used	use	VERB
esutjss-271	116	38	to	to	PART
esutjss-271	116	39	determine	determine	VERB
esutjss-271	116	40	the	the	DET
esutjss-271	116	41	coefficients	coefficient	NOUN
esutjss-271	116	42	of	of	ADP
esutjss-271	116	43	the	the	DET
esutjss-271	116	44	regressed	regress	VERB
esutjss-271	116	45	model	model	NOUN
esutjss-271	116	46	.	.	PUNCT
esutjss-271	117	1	table	table	NOUN
esutjss-271	117	2	4.5	4.5	NUM
esutjss-271	117	3	presents	present	VERB
esutjss-271	117	4	the	the	DET
esutjss-271	117	5	summary	summary	NOUN
esutjss-271	117	6	of	of	ADP
esutjss-271	117	7	the	the	DET
esutjss-271	117	8	nardl	nardl	NOUN
esutjss-271	117	9	long	long	ADV
esutjss-271	117	10	-	-	PUNCT
esutjss-271	117	11	run	run	NOUN
esutjss-271	117	12	results	result	NOUN
esutjss-271	117	13	.	.	PUNCT
esutjss-271	118	1	table	table	NOUN
esutjss-271	118	2	4.5	4.5	NUM
esutjss-271	118	3	:	:	PUNCT
esutjss-271	118	4	summary	summary	NOUN
esutjss-271	118	5	of	of	ADP
esutjss-271	118	6	nardl	nardl	NOUN
esutjss-271	118	7	long	long	ADJ
esutjss-271	118	8	run	run	NOUN
esutjss-271	118	9	tests	test	NOUN
esutjss-271	118	10	levels	level	NOUN
esutjss-271	118	11	equation	equation	NOUN
esutjss-271	118	12	case	case	NOUN
esutjss-271	118	13	2	2	NUM
esutjss-271	118	14	:	:	PUNCT
esutjss-271	118	15	restricted	restrict	VERB
esutjss-271	118	16	constant	constant	ADJ
esutjss-271	118	17	and	and	CCONJ
esutjss-271	118	18	no	no	DET
esutjss-271	118	19	trend	trend	NOUN
esutjss-271	118	20	variable	variable	ADJ
esutjss-271	118	21	coefficient	coefficient	NOUN
esutjss-271	118	22	std	std	NOUN
esutjss-271	118	23	.	.	NOUN
esutjss-271	118	24	error	error	NOUN
esutjss-271	118	25	t	t	NOUN
esutjss-271	118	26	-	-	PUNCT
esutjss-271	118	27	statistic	statistic	NOUN
esutjss-271	118	28	prob	prob	NOUN
esutjss-271	118	29	.	.	PUNCT
esutjss-271	119	1	mpr_pos	mpr_pos	PROPN
esutjss-271	120	1	0.180365	0.180365	NUM
esutjss-271	120	2	0.065765	0.065765	NUM
esutjss-271	120	3	2.742571	2.742571	NUM
esutjss-271	120	4	0.0159	0.0159	NUM
esutjss-271	120	5	mpr_neg	mpr_neg	PROPN
esutjss-271	120	6	-0.048184	-0.048184	VERB
esutjss-271	121	1	0.027941	0.027941	NUM
esutjss-271	121	2	-1.724505	-1.724505	VERB
esutjss-271	121	3	0.1066	0.1066	NUM
esutjss-271	121	4	m2	m2	PROPN
esutjss-271	121	5	/	/	SYM
esutjss-271	121	6	gdp	gdp	NOUN
esutjss-271	121	7	-0.091476	-0.091476	NOUN
esutjss-271	122	1	0.216815	0.216815	NUM
esutjss-271	122	2	-0.421907	-0.421907	NOUN
esutjss-271	122	3	0.6795	0.6795	NUM
esutjss-271	122	4	tb_pos	tb_pos	NOUN
esutjss-271	122	5	0.009608	0.009608	NUM
esutjss-271	122	6	0.028224	0.028224	NUM
esutjss-271	122	7	0.340403	0.340403	NUM
esutjss-271	122	8	0.7386	0.7386	NUM
esutjss-271	122	9	tb_neg	tb_neg	PROPN
esutjss-271	122	10	-0.002184	-0.002184	NOUN
esutjss-271	123	1	0.055376	0.055376	NUM
esutjss-271	123	2	-0.039435	-0.039435	VERB
esutjss-271	123	3	0.9691	0.9691	NUM
esutjss-271	123	4	nomex	nomex	NOUN
esutjss-271	123	5	0.000846	0.000846	NUM
esutjss-271	123	6	0.001696	0.001696	NUM
esutjss-271	123	7	0.499033	0.499033	NUM
esutjss-271	123	8	0.6255	0.6255	NUM
esutjss-271	123	9	infl	infl	PROPN
esutjss-271	123	10	0.011109	0.011109	NUM
esutjss-271	123	11	0.005496	0.005496	NUM
esutjss-271	123	12	2.021273	2.021273	NUM
esutjss-271	123	13	0.0628	0.0628	NUM
esutjss-271	123	14	c	c	NOUN
esutjss-271	123	15	9.779822	9.779822	NUM
esutjss-271	123	16	4.990831	4.990831	NUM
esutjss-271	123	17	1.959558	1.959558	NUM
esutjss-271	123	18	0.0703	0.0703	NUM
esutjss-271	123	19	source	source	NOUN
esutjss-271	123	20	:	:	PUNCT
esutjss-271	123	21	researchers	researcher	NOUN
esutjss-271	123	22	’	'	PUNCT
esutjss-271	123	23	computation	computation	NOUN
esutjss-271	123	24	using	use	VERB
esutjss-271	123	25	eviews	eviews	PROPN
esutjss-271	123	26	12.0	12.0	NUM
esutjss-271	123	27	125	125	NUM
esutjss-271	123	28	from	from	ADP
esutjss-271	123	29	the	the	DET
esutjss-271	123	30	result	result	NOUN
esutjss-271	123	31	presented	present	VERB
esutjss-271	123	32	in	in	ADP
esutjss-271	123	33	table	table	NOUN
esutjss-271	123	34	4.5	4.5	NUM
esutjss-271	123	35	,	,	PUNCT
esutjss-271	123	36	it	it	PRON
esutjss-271	123	37	showed	show	VERB
esutjss-271	123	38	that	that	SCONJ
esutjss-271	123	39	the	the	DET
esutjss-271	123	40	coefficient	coefficient	NOUN
esutjss-271	123	41	of	of	ADP
esutjss-271	123	42	monetary	monetary	ADJ
esutjss-271	123	43	policy	policy	NOUN
esutjss-271	123	44	rate	rate	NOUN
esutjss-271	123	45	(	(	PUNCT
esutjss-271	123	46	monetary	monetary	ADJ
esutjss-271	123	47	policy	policy	NOUN
esutjss-271	123	48	reaction	reaction	NOUN
esutjss-271	123	49	function	function	NOUN
esutjss-271	123	50	)	)	PUNCT
esutjss-271	123	51	is	be	AUX
esutjss-271	123	52	0.18	0.18	NUM
esutjss-271	123	53	(	(	PUNCT
esutjss-271	123	54	mpr_pos	mpr_pos	NOUN
esutjss-271	123	55	)	)	PUNCT
esutjss-271	123	56	and	and	CCONJ
esutjss-271	123	57	-0.04	-0.04	NUM
esutjss-271	123	58	(	(	PUNCT
esutjss-271	123	59	mpr_neg	mpr_neg	PROPN
esutjss-271	123	60	)	)	PUNCT
esutjss-271	123	61	.	.	PUNCT
esutjss-271	124	1	this	this	PRON
esutjss-271	124	2	implies	imply	VERB
esutjss-271	124	3	that	that	SCONJ
esutjss-271	124	4	an	an	DET
esutjss-271	124	5	increase	increase	NOUN
esutjss-271	124	6	in	in	ADP
esutjss-271	124	7	mpr	mpr	NOUN
esutjss-271	124	8	,	,	PUNCT
esutjss-271	124	9	on	on	ADP
esutjss-271	124	10	average	average	ADJ
esutjss-271	124	11	,	,	PUNCT
esutjss-271	124	12	will	will	AUX
esutjss-271	124	13	lead	lead	VERB
esutjss-271	124	14	to	to	ADP
esutjss-271	124	15	an	an	DET
esutjss-271	124	16	18	18	NUM
esutjss-271	124	17	%	%	NOUN
esutjss-271	124	18	increase	increase	NOUN
esutjss-271	124	19	in	in	ADP
esutjss-271	124	20	all	all	DET
esutjss-271	124	21	share	share	NOUN
esutjss-271	124	22	index	index	NOUN
esutjss-271	124	23	(	(	PUNCT
esutjss-271	124	24	asindex	asindex	NOUN
esutjss-271	124	25	)	)	PUNCT
esutjss-271	124	26	in	in	ADP
esutjss-271	124	27	nigeria	nigeria	PROPN
esutjss-271	124	28	while	while	SCONJ
esutjss-271	124	29	a	a	DET
esutjss-271	124	30	1	1	NUM
esutjss-271	124	31	%	%	NOUN
esutjss-271	124	32	decrease	decrease	NOUN
esutjss-271	124	33	in	in	ADP
esutjss-271	124	34	mpr	mpr	NOUN
esutjss-271	124	35	will	will	AUX
esutjss-271	124	36	lead	lead	VERB
esutjss-271	124	37	to	to	ADP
esutjss-271	124	38	a	a	DET
esutjss-271	124	39	4	4	NUM
esutjss-271	124	40	%	%	NOUN
esutjss-271	124	41	decrease	decrease	NOUN
esutjss-271	124	42	in	in	ADP
esutjss-271	124	43	all	all	DET
esutjss-271	124	44	share	share	NOUN
esutjss-271	124	45	index	index	NOUN
esutjss-271	124	46	in	in	ADP
esutjss-271	124	47	nigeria	nigeria	PROPN
esutjss-271	124	48	in	in	ADP
esutjss-271	124	49	the	the	DET
esutjss-271	124	50	long	long	ADJ
esutjss-271	124	51	run	run	NOUN
esutjss-271	124	52	.	.	PUNCT
esutjss-271	125	1	given	give	VERB
esutjss-271	125	2	their	their	PRON
esutjss-271	125	3	probability	probability	NOUN
esutjss-271	125	4	values	value	NOUN
esutjss-271	125	5	(	(	PUNCT
esutjss-271	125	6	0.01	0.01	NUM
esutjss-271	125	7	)	)	PUNCT
esutjss-271	125	8	,	,	PUNCT
esutjss-271	125	9	it	it	PRON
esutjss-271	125	10	can	can	AUX
esutjss-271	125	11	be	be	AUX
esutjss-271	125	12	concluded	conclude	VERB
esutjss-271	125	13	that	that	SCONJ
esutjss-271	125	14	mpr	mpr	PROPN
esutjss-271	125	15	has	have	VERB
esutjss-271	125	16	significant	significant	ADJ
esutjss-271	125	17	positive	positive	ADJ
esutjss-271	125	18	impact	impact	NOUN
esutjss-271	125	19	.	.	PUNCT
esutjss-271	126	1	also	also	ADV
esutjss-271	126	2	,	,	PUNCT
esutjss-271	126	3	the	the	DET
esutjss-271	126	4	long	long	ADV
esutjss-271	126	5	-	-	PUNCT
esutjss-271	126	6	run	run	VERB
esutjss-271	126	7	non	non	ADJ
esutjss-271	126	8	-	-	ADJ
esutjss-271	126	9	linear	linear	ADJ
esutjss-271	126	10	partial	partial	ADJ
esutjss-271	126	11	coefficient	coefficient	NOUN
esutjss-271	126	12	of	of	ADP
esutjss-271	126	13	91	91	NUM
esutjss-271	126	14	days	day	NOUN
esutjss-271	126	15	treasury	treasury	NOUN
esutjss-271	126	16	bill	bill	NOUN
esutjss-271	126	17	is	be	AUX
esutjss-271	126	18	0.009	0.009	NUM
esutjss-271	126	19	(	(	PUNCT
esutjss-271	126	20	tb_pos	tb_pos	NOUN
esutjss-271	126	21	)	)	PUNCT
esutjss-271	126	22	and	and	CCONJ
esutjss-271	126	23	-0.002	-0.002	PUNCT
esutjss-271	126	24	(	(	PUNCT
esutjss-271	126	25	tb_neg	tb_neg	PROPN
esutjss-271	126	26	)	)	PUNCT
esutjss-271	126	27	.	.	PUNCT
esutjss-271	127	1	this	this	PRON
esutjss-271	127	2	implies	imply	VERB
esutjss-271	127	3	that	that	SCONJ
esutjss-271	127	4	a	a	DET
esutjss-271	127	5	1	1	NUM
esutjss-271	127	6	%	%	NOUN
esutjss-271	127	7	increase	increase	NOUN
esutjss-271	127	8	in	in	ADP
esutjss-271	127	9	tb	tb	ADP
esutjss-271	127	10	yield	yield	NOUN
esutjss-271	127	11	,	,	PUNCT
esutjss-271	127	12	on	on	ADP
esutjss-271	127	13	average	average	ADJ
esutjss-271	127	14	,	,	PUNCT
esutjss-271	127	15	will	will	AUX
esutjss-271	127	16	lead	lead	VERB
esutjss-271	127	17	to	to	ADP
esutjss-271	127	18	an	an	DET
esutjss-271	127	19	insignificant	insignificant	ADJ
esutjss-271	127	20	0.9	0.9	NUM
esutjss-271	127	21	%	%	NOUN
esutjss-271	127	22	increase	increase	NOUN
esutjss-271	127	23	in	in	ADP
esutjss-271	127	24	all	all	DET
esutjss-271	127	25	share	share	NOUN
esutjss-271	127	26	index	index	NOUN
esutjss-271	127	27	while	while	SCONJ
esutjss-271	127	28	a	a	DET
esutjss-271	127	29	1	1	NUM
esutjss-271	127	30	%	%	NOUN
esutjss-271	127	31	decrease	decrease	NOUN
esutjss-271	127	32	in	in	ADP
esutjss-271	127	33	tb	tb	ADP
esutjss-271	127	34	rate	rate	NOUN
esutjss-271	127	35	depth	depth	NOUN
esutjss-271	127	36	will	will	AUX
esutjss-271	127	37	also	also	ADV
esutjss-271	127	38	lead	lead	VERB
esutjss-271	127	39	to	to	ADP
esutjss-271	127	40	an	an	DET
esutjss-271	127	41	insignificant	insignificant	ADJ
esutjss-271	127	42	0.2	0.2	NUM
esutjss-271	127	43	%	%	NOUN
esutjss-271	127	44	decrease	decrease	NOUN
esutjss-271	127	45	in	in	ADP
esutjss-271	127	46	all	all	DET
esutjss-271	127	47	share	share	NOUN
esutjss-271	127	48	index	index	NOUN
esutjss-271	127	49	in	in	ADP
esutjss-271	127	50	nigeria	nigeria	PROPN
esutjss-271	127	51	in	in	ADP
esutjss-271	127	52	the	the	DET
esutjss-271	127	53	long	long	ADJ
esutjss-271	127	54	run	run	NOUN
esutjss-271	127	55	.	.	PUNCT
esutjss-271	128	1	this	this	PRON
esutjss-271	128	2	means	mean	VERB
esutjss-271	128	3	that	that	SCONJ
esutjss-271	128	4	tb	tb	ADP
esutjss-271	128	5	rate	rate	NOUN
esutjss-271	128	6	exerts	exert	VERB
esutjss-271	128	7	more	more	ADJ
esutjss-271	128	8	of	of	ADP
esutjss-271	128	9	positive	positive	ADJ
esutjss-271	128	10	effect	effect	NOUN
esutjss-271	128	11	than	than	ADP
esutjss-271	128	12	negative	negative	ADJ
esutjss-271	128	13	effect	effect	NOUN
esutjss-271	128	14	on	on	ADP
esutjss-271	128	15	all	all	DET
esutjss-271	128	16	share	share	NOUN
esutjss-271	128	17	index	index	NOUN
esutjss-271	128	18	in	in	ADP
esutjss-271	128	19	nigeria	nigeria	PROPN
esutjss-271	128	20	in	in	ADP
esutjss-271	128	21	the	the	DET
esutjss-271	128	22	long	long	ADJ
esutjss-271	128	23	run	run	NOUN
esutjss-271	128	24	.	.	PUNCT
esutjss-271	129	1	broad	broad	ADJ
esutjss-271	129	2	money	money	NOUN
esutjss-271	129	3	supply	supply	NOUN
esutjss-271	129	4	(	(	PUNCT
esutjss-271	129	5	m2	m2	PROPN
esutjss-271	129	6	/	/	SYM
esutjss-271	129	7	ggp	ggp	PROPN
esutjss-271	129	8	)	)	PUNCT
esutjss-271	129	9	and	and	CCONJ
esutjss-271	129	10	inflation	inflation	NOUN
esutjss-271	129	11	rate	rate	NOUN
esutjss-271	129	12	(	(	PUNCT
esutjss-271	129	13	infl	infl	PROPN
esutjss-271	129	14	)	)	PUNCT
esutjss-271	129	15	both	both	PRON
esutjss-271	129	16	have	have	VERB
esutjss-271	129	17	insignificant	insignificant	ADJ
esutjss-271	129	18	impact	impact	NOUN
esutjss-271	129	19	on	on	ADP
esutjss-271	129	20	all	all	DET
esutjss-271	129	21	share	share	NOUN
esutjss-271	129	22	index	index	NOUN
esutjss-271	129	23	in	in	ADP
esutjss-271	129	24	the	the	DET
esutjss-271	129	25	long	long	ADJ
esutjss-271	129	26	run	run	NOUN
esutjss-271	129	27	.	.	PUNCT
esutjss-271	130	1	while	while	SCONJ
esutjss-271	130	2	m2	m2	PROPN
esutjss-271	130	3	/	/	SYM
esutjss-271	130	4	gdp	gdp	NOUN
esutjss-271	130	5	has	have	VERB
esutjss-271	130	6	a	a	DET
esutjss-271	130	7	negative	negative	ADJ
esutjss-271	130	8	effect	effect	NOUN
esutjss-271	130	9	with	with	ADP
esutjss-271	130	10	a	a	DET
esutjss-271	130	11	1	1	NUM
esutjss-271	130	12	%	%	NOUN
esutjss-271	130	13	change	change	NOUN
esutjss-271	130	14	,	,	PUNCT
esutjss-271	130	15	infl	infl	PROPN
esutjss-271	130	16	has	have	VERB
esutjss-271	130	17	a	a	DET
esutjss-271	130	18	positive	positive	ADJ
esutjss-271	130	19	effect	effect	NOUN
esutjss-271	130	20	,	,	PUNCT
esutjss-271	130	21	with	with	ADP
esutjss-271	130	22	a	a	DET
esutjss-271	130	23	1	1	NUM
esutjss-271	130	24	%	%	NOUN
esutjss-271	130	25	change	change	NOUN
esutjss-271	130	26	in	in	ADP
esutjss-271	130	27	all	all	DET
esutjss-271	130	28	share	share	NOUN
esutjss-271	130	29	index	index	NOUN
esutjss-271	130	30	in	in	ADP
esutjss-271	130	31	the	the	DET
esutjss-271	130	32	long	long	ADJ
esutjss-271	130	33	run	run	NOUN
esutjss-271	130	34	.	.	PUNCT
esutjss-271	131	1	table	table	NOUN
esutjss-271	131	2	4.6	4.6	NUM
esutjss-271	131	3	presents	present	VERB
esutjss-271	131	4	the	the	DET
esutjss-271	131	5	short	short	ADJ
esutjss-271	131	6	-	-	PUNCT
esutjss-271	131	7	run	run	NOUN
esutjss-271	131	8	non	non	ADJ
esutjss-271	131	9	-	-	ADJ
esutjss-271	131	10	linear	linear	ADJ
esutjss-271	131	11	autoregressive	autoregressive	ADJ
esutjss-271	131	12	distributed	distribute	VERB
esutjss-271	131	13	lag	lag	NOUN
esutjss-271	131	14	results	result	NOUN
esutjss-271	131	15	.	.	PUNCT
esutjss-271	132	1	table	table	NOUN
esutjss-271	132	2	4.6	4.6	NUM
esutjss-271	132	3	:	:	PUNCT
esutjss-271	132	4	nardl	nardl	NOUN
esutjss-271	132	5	short	short	ADJ
esutjss-271	132	6	-	-	PUNCT
esutjss-271	132	7	run	run	NOUN
esutjss-271	132	8	estimation	estimation	NOUN
esutjss-271	132	9	results	result	VERB
esutjss-271	132	10	ecm	ecm	NOUN
esutjss-271	132	11	regression	regression	NOUN
esutjss-271	132	12	case	case	NOUN
esutjss-271	132	13	2	2	NUM
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esutjss-271	134	17	d(tb_neg(-1	d(tb_neg(-1	NOUN
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esutjss-271	134	30	d(infl	d(infl	NOUN
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esutjss-271	135	4	d(infl(-1	d(infl(-1	NOUN
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esutjss-271	136	5	)	)	PUNCT
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esutjss-271	136	12	:	:	PUNCT
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esutjss-271	136	23	result	result	NOUN
esutjss-271	136	24	of	of	ADP
esutjss-271	136	25	the	the	DET
esutjss-271	136	26	non	non	ADJ
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esutjss-271	136	32	here	here	ADV
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esutjss-271	137	3	:	:	PUNCT
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esutjss-271	142	5	infl	infl	PROPN
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esutjss-271	145	12	-	-	PUNCT
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esutjss-271	145	34	results	result	NOUN
esutjss-271	145	35	,	,	PUNCT
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esutjss-271	145	37	durbin	durbin	ADJ
esutjss-271	145	38	-	-	PUNCT
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esutjss-271	145	46	.	.	PUNCT
esutjss-271	146	1	this	this	PRON
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esutjss-271	146	6	no	no	DET
esutjss-271	146	7	autocorrelation	autocorrelation	NOUN
esutjss-271	146	8	since	since	SCONJ
esutjss-271	146	9	d	d	PROPN
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esutjss-271	146	13	equal	equal	ADJ
esutjss-271	146	14	to	to	ADP
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esutjss-271	147	1	therefore	therefore	ADV
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esutjss-271	147	3	the	the	DET
esutjss-271	147	4	variables	variable	NOUN
esutjss-271	147	5	in	in	ADP
esutjss-271	147	6	the	the	DET
esutjss-271	147	7	models	model	NOUN
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esutjss-271	147	9	not	not	PART
esutjss-271	147	10	autocorrelated	autocorrelated	ADJ
esutjss-271	147	11	and	and	CCONJ
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esutjss-271	147	13	the	the	DET
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esutjss-271	147	15	are	be	AUX
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esutjss-271	148	1	4.3.2	4.3.2	NUM
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esutjss-271	148	6	the	the	DET
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esutjss-271	148	8	test	test	NOUN
esutjss-271	148	9	,	,	PUNCT
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esutjss-271	148	12	rule	rule	NOUN
esutjss-271	148	13	is	be	AUX
esutjss-271	148	14	to	to	PART
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esutjss-271	148	17	null	null	ADJ
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esutjss-271	148	33	the	the	DET
esutjss-271	148	34	probability	probability	NOUN
esutjss-271	148	35	of	of	ADP
esutjss-271	148	36	the	the	DET
esutjss-271	148	37	calculated	calculated	ADJ
esutjss-271	148	38	f	f	NOUN
esutjss-271	148	39	-	-	PUNCT
esutjss-271	148	40	test	test	NOUN
esutjss-271	148	41	statistic	statistic	NOUN
esutjss-271	148	42	(	(	PUNCT
esutjss-271	148	43	f	f	X
esutjss-271	148	44	)	)	PUNCT
esutjss-271	148	45	is	be	AUX
esutjss-271	148	46	greater	great	ADJ
esutjss-271	148	47	than	than	ADP
esutjss-271	148	48	the	the	DET
esutjss-271	148	49	0.05	0.05	NUM
esutjss-271	148	50	level	level	NOUN
esutjss-271	148	51	of	of	ADP
esutjss-271	148	52	significance	significance	NOUN
esutjss-271	148	53	chosen	choose	VERB
esutjss-271	148	54	in	in	ADP
esutjss-271	148	55	the	the	DET
esutjss-271	148	56	study	study	NOUN
esutjss-271	148	57	.	.	PUNCT
esutjss-271	149	1	table	table	NOUN
esutjss-271	149	2	4.8	4.8	NUM
esutjss-271	149	3	:	:	PUNCT
esutjss-271	149	4	summary	summary	NOUN
esutjss-271	149	5	of	of	ADP
esutjss-271	149	6	heteroscedasticity	heteroscedasticity	NOUN
esutjss-271	149	7	tests	test	VERB
esutjss-271	149	8	heteroskedasticity	heteroskedasticity	NOUN
esutjss-271	149	9	test	test	NOUN
esutjss-271	149	10	:	:	PUNCT
esutjss-271	149	11	breusch	breusch	ADJ
esutjss-271	149	12	-	-	PUNCT
esutjss-271	149	13	pagan	pagan	ADJ
esutjss-271	149	14	-	-	PUNCT
esutjss-271	149	15	godfrey	godfrey	NOUN
esutjss-271	149	16	f	f	PROPN
esutjss-271	149	17	-	-	PUNCT
esutjss-271	149	18	statistic	statistic	VERB
esutjss-271	149	19	1.349354	1.349354	NUM
esutjss-271	149	20	prob	prob	NOUN
esutjss-271	149	21	.	.	PUNCT
esutjss-271	150	1	f(14,18	f(14,18	PART
esutjss-271	150	2	)	)	PUNCT
esutjss-271	150	3	0.2713	0.2713	NUM
esutjss-271	150	4	obs*r	obs*r	NOUN
esutjss-271	150	5	-	-	PUNCT
esutjss-271	150	6	squared	square	VERB
esutjss-271	150	7	16.89849	16.89849	NUM
esutjss-271	150	8	prob	prob	NOUN
esutjss-271	150	9	.	.	PUNCT
esutjss-271	151	1	chi	chi	ADJ
esutjss-271	151	2	-	-	PUNCT
esutjss-271	151	3	square(14	square(14	NOUN
esutjss-271	151	4	)	)	PUNCT
esutjss-271	151	5	0.2616	0.2616	NUM
esutjss-271	151	6	scaled	scale	VERB
esutjss-271	151	7	explained	explain	VERB
esutjss-271	151	8	ss	ss	PROPN
esutjss-271	151	9	11.61170	11.61170	NUM
esutjss-271	151	10	prob	prob	NOUN
esutjss-271	151	11	.	.	PUNCT
esutjss-271	152	1	chi	chi	ADJ
esutjss-271	152	2	-	-	PUNCT
esutjss-271	152	3	square(14	square(14	NOUN
esutjss-271	152	4	)	)	PUNCT
esutjss-271	152	5	0.6375	0.6375	NUM
esutjss-271	152	6	source	source	NOUN
esutjss-271	152	7	:	:	PUNCT
esutjss-271	152	8	researchers	researcher	NOUN
esutjss-271	152	9	’	'	PUNCT
esutjss-271	152	10	computation	computation	NOUN
esutjss-271	152	11	using	use	VERB
esutjss-271	152	12	eviews	eviews	PROPN
esutjss-271	152	13	12.0	12.0	NUM
esutjss-271	152	14	that	that	SCONJ
esutjss-271	152	15	the	the	DET
esutjss-271	152	16	calculated	calculated	ADJ
esutjss-271	152	17	f	f	NOUN
esutjss-271	152	18	-	-	PUNCT
esutjss-271	152	19	statistic	statistic	NOUN
esutjss-271	152	20	is	be	AUX
esutjss-271	152	21	1.3493	1.3493	NUM
esutjss-271	152	22	,	,	PUNCT
esutjss-271	152	23	yielding	yield	VERB
esutjss-271	152	24	a	a	DET
esutjss-271	152	25	probability	probability	NOUN
esutjss-271	152	26	value	value	NOUN
esutjss-271	152	27	(	(	PUNCT
esutjss-271	152	28	p	p	NOUN
esutjss-271	152	29	-	-	PUNCT
esutjss-271	152	30	value	value	NOUN
esutjss-271	152	31	)	)	PUNCT
esutjss-271	152	32	of	of	ADP
esutjss-271	152	33	0.26	0.26	NUM
esutjss-271	152	34	.	.	PUNCT
esutjss-271	153	1	the	the	DET
esutjss-271	153	2	probability	probability	NOUN
esutjss-271	153	3	value	value	NOUN
esutjss-271	153	4	being	be	AUX
esutjss-271	153	5	notably	notably	ADV
esutjss-271	153	6	higher	high	ADJ
esutjss-271	153	7	than	than	ADP
esutjss-271	153	8	the	the	DET
esutjss-271	153	9	0.05	0.05	NUM
esutjss-271	153	10	significance	significance	NOUN
esutjss-271	153	11	level	level	NOUN
esutjss-271	153	12	provides	provide	VERB
esutjss-271	153	13	strong	strong	ADJ
esutjss-271	153	14	evidence	evidence	NOUN
esutjss-271	153	15	to	to	PART
esutjss-271	153	16	accept	accept	VERB
esutjss-271	153	17	the	the	DET
esutjss-271	153	18	null	null	ADJ
esutjss-271	153	19	hypothesis	hypothesis	NOUN
esutjss-271	153	20	of	of	ADP
esutjss-271	153	21	homoscedasticity	homoscedasticity	NOUN
esutjss-271	153	22	.	.	PUNCT
esutjss-271	154	1	this	this	PRON
esutjss-271	154	2	suggests	suggest	VERB
esutjss-271	154	3	that	that	SCONJ
esutjss-271	154	4	the	the	DET
esutjss-271	154	5	residuals	residual	NOUN
esutjss-271	154	6	in	in	ADP
esutjss-271	154	7	the	the	DET
esutjss-271	154	8	model	model	NOUN
esutjss-271	154	9	displays	display	VERB
esutjss-271	154	10	consistent	consistent	ADJ
esutjss-271	154	11	variance	variance	NOUN
esutjss-271	154	12	across	across	ADP
esutjss-271	154	13	observations	observation	NOUN
esutjss-271	154	14	,	,	PUNCT
esutjss-271	154	15	supporting	support	VERB
esutjss-271	154	16	the	the	DET
esutjss-271	154	17	assumption	assumption	NOUN
esutjss-271	154	18	of	of	ADP
esutjss-271	154	19	homoscedasticity	homoscedasticity	NOUN
esutjss-271	154	20	at	at	ADP
esutjss-271	154	21	the	the	DET
esutjss-271	154	22	chosen	choose	VERB
esutjss-271	154	23	significance	significance	NOUN
esutjss-271	154	24	level	level	NOUN
esutjss-271	154	25	.	.	PUNCT
esutjss-271	155	1	4.6	4.6	NUM
esutjss-271	155	2	discussion	discussion	NOUN
esutjss-271	155	3	of	of	ADP
esutjss-271	155	4	findings	finding	NOUN
esutjss-271	155	5	from	from	ADP
esutjss-271	155	6	the	the	DET
esutjss-271	155	7	results	result	NOUN
esutjss-271	155	8	,	,	PUNCT
esutjss-271	155	9	this	this	DET
esutjss-271	155	10	study	study	NOUN
esutjss-271	155	11	showed	show	VERB
esutjss-271	155	12	that	that	SCONJ
esutjss-271	155	13	monetary	monetary	ADJ
esutjss-271	155	14	economy	economy	NOUN
esutjss-271	155	15	was	be	AUX
esutjss-271	155	16	characterized	characterize	VERB
esutjss-271	155	17	by	by	ADP
esutjss-271	155	18	the	the	DET
esutjss-271	155	19	monetary	monetary	ADJ
esutjss-271	155	20	policy	policy	NOUN
esutjss-271	155	21	rate	rate	NOUN
esutjss-271	155	22	has	have	VERB
esutjss-271	155	23	significant	significant	ADJ
esutjss-271	155	24	impact	impact	NOUN
esutjss-271	155	25	on	on	ADP
esutjss-271	155	26	nigerian	nigerian	ADJ
esutjss-271	155	27	stock	stock	NOUN
esutjss-271	155	28	exchange	exchange	PROPN
esutjss-271	155	29	market	market	NOUN
esutjss-271	155	30	proxy	proxy	NOUN
esutjss-271	155	31	by	by	ADP
esutjss-271	155	32	the	the	DET
esutjss-271	155	33	all	all	DET
esutjss-271	155	34	-	-	PUNCT
esutjss-271	155	35	share	share	NOUN
esutjss-271	155	36	index	index	NOUN
esutjss-271	155	37	.	.	PUNCT
esutjss-271	156	1	this	this	PRON
esutjss-271	156	2	coincides	coincide	VERB
esutjss-271	156	3	with	with	ADP
esutjss-271	156	4	the	the	DET
esutjss-271	156	5	submissions	submission	NOUN
esutjss-271	156	6	of	of	ADP
esutjss-271	156	7	oji	oji	PROPN
esutjss-271	156	8	(	(	PUNCT
esutjss-271	156	9	2024	2024	NUM
esutjss-271	156	10	)	)	PUNCT
esutjss-271	156	11	which	which	PRON
esutjss-271	156	12	showed	show	VERB
esutjss-271	156	13	that	that	SCONJ
esutjss-271	156	14	in	in	ADP
esutjss-271	156	15	february	february	PROPN
esutjss-271	156	16	2024	2024	NUM
esutjss-271	156	17	monetary	monetary	ADJ
esutjss-271	156	18	policy	policy	NOUN
esutjss-271	156	19	committee	committee	NOUN
esutjss-271	156	20	meeting	meeting	NOUN
esutjss-271	156	21	,	,	PUNCT
esutjss-271	156	22	a	a	DET
esutjss-271	156	23	400	400	NUM
esutjss-271	156	24	basis	basis	NOUN
esutjss-271	156	25	point	point	NOUN
esutjss-271	156	26	increase	increase	NOUN
esutjss-271	156	27	in	in	ADP
esutjss-271	156	28	the	the	DET
esutjss-271	156	29	mpr	mpr	NOUN
esutjss-271	156	30	to	to	ADP
esutjss-271	156	31	22.75	22.75	NUM
esutjss-271	156	32	%	%	NOUN
esutjss-271	156	33	,	,	PUNCT
esutjss-271	156	34	caused	cause	VERB
esutjss-271	156	35	the	the	DET
esutjss-271	156	36	nigerian	nigerian	ADJ
esutjss-271	156	37	exchange	exchange	NOUN
esutjss-271	156	38	limited	limit	VERB
esutjss-271	156	39	(	(	PUNCT
esutjss-271	156	40	ngx	ngx	NOUN
esutjss-271	156	41	)	)	PUNCT
esutjss-271	156	42	to	to	PART
esutjss-271	156	43	experience	experience	VERB
esutjss-271	156	44	a	a	DET
esutjss-271	156	45	substantial	substantial	ADJ
esutjss-271	156	46	decline	decline	NOUN
esutjss-271	156	47	,	,	PUNCT
esutjss-271	156	48	with	with	ADP
esutjss-271	156	49	investors	investor	NOUN
esutjss-271	156	50	losing	lose	VERB
esutjss-271	156	51	over	over	ADP
esutjss-271	156	52	n1.4	n1.4	NOUN
esutjss-271	156	53	trillion	trillion	NUM
esutjss-271	156	54	in	in	ADP
esutjss-271	156	55	two	two	NUM
esutjss-271	156	56	trading	trading	NOUN
esutjss-271	156	57	sessions	session	NOUN
esutjss-271	156	58	.	.	PUNCT
esutjss-271	157	1	similarly	similarly	ADV
esutjss-271	157	2	,	,	PUNCT
esutjss-271	157	3	chude	chude	ADJ
esutjss-271	157	4	and	and	CCONJ
esutjss-271	157	5	chude	chude	ADJ
esutjss-271	157	6	(	(	PUNCT
esutjss-271	157	7	2013	2013	NUM
esutjss-271	157	8	)	)	PUNCT
esutjss-271	157	9	reported	report	VERB
esutjss-271	157	10	a	a	DET
esutjss-271	157	11	significant	significant	ADJ
esutjss-271	157	12	positive	positive	ADJ
esutjss-271	157	13	relationship	relationship	NOUN
esutjss-271	157	14	between	between	ADP
esutjss-271	157	15	broad	broad	ADJ
esutjss-271	157	16	money	money	NOUN
esutjss-271	157	17	supply	supply	NOUN
esutjss-271	157	18	and	and	CCONJ
esutjss-271	157	19	stock	stock	NOUN
esutjss-271	157	20	market	market	NOUN
esutjss-271	157	21	returns	return	NOUN
esutjss-271	157	22	,	,	PUNCT
esutjss-271	157	23	indicating	indicate	VERB
esutjss-271	157	24	that	that	SCONJ
esutjss-271	157	25	higher	high	ADJ
esutjss-271	157	26	money	money	NOUN
esutjss-271	157	27	supply	supply	NOUN
esutjss-271	157	28	boosts	boost	VERB
esutjss-271	157	29	investor	investor	NOUN
esutjss-271	157	30	confidence	confidence	NOUN
esutjss-271	157	31	and	and	CCONJ
esutjss-271	157	32	market	market	NOUN
esutjss-271	157	33	activity	activity	NOUN
esutjss-271	157	34	.	.	PUNCT
esutjss-271	158	1	these	these	DET
esutjss-271	158	2	findings	finding	NOUN
esutjss-271	158	3	are	be	AUX
esutjss-271	158	4	consistent	consistent	ADJ
esutjss-271	158	5	with	with	ADP
esutjss-271	158	6	economic	economic	ADJ
esutjss-271	158	7	theories	theory	NOUN
esutjss-271	158	8	positing	posit	VERB
esutjss-271	158	9	that	that	SCONJ
esutjss-271	158	10	increased	increase	VERB
esutjss-271	158	11	money	money	NOUN
esutjss-271	158	12	supply	supply	NOUN
esutjss-271	158	13	enhances	enhance	VERB
esutjss-271	158	14	liquidity	liquidity	NOUN
esutjss-271	158	15	,	,	PUNCT
esutjss-271	158	16	lowers	lower	VERB
esutjss-271	158	17	interest	interest	NOUN
esutjss-271	158	18	rates	rate	NOUN
esutjss-271	158	19	,	,	PUNCT
esutjss-271	158	20	and	and	CCONJ
esutjss-271	158	21	encourages	encourage	VERB
esutjss-271	158	22	investment	investment	NOUN
esutjss-271	158	23	in	in	ADP
esutjss-271	158	24	equities	equity	NOUN
esutjss-271	158	25	,	,	PUNCT
esutjss-271	158	26	thereby	thereby	ADV
esutjss-271	158	27	positively	positively	ADV
esutjss-271	158	28	influencing	influence	VERB
esutjss-271	158	29	stock	stock	NOUN
esutjss-271	158	30	market	market	NOUN
esutjss-271	158	31	indices	index	NOUN
esutjss-271	158	32	.	.	PUNCT
esutjss-271	159	1	for	for	ADP
esutjss-271	159	2	the	the	DET
esutjss-271	159	3	third	third	ADJ
esutjss-271	159	4	objective	objective	NOUN
esutjss-271	159	5	,	,	PUNCT
esutjss-271	159	6	the	the	DET
esutjss-271	159	7	result	result	NOUN
esutjss-271	159	8	showed	show	VERB
esutjss-271	159	9	that	that	SCONJ
esutjss-271	159	10	nominal	nominal	ADJ
esutjss-271	159	11	exchange	exchange	NOUN
esutjss-271	159	12	rate	rate	NOUN
esutjss-271	159	13	and	and	CCONJ
esutjss-271	159	14	treasury	treasury	NOUN
esutjss-271	159	15	bill	bill	NOUN
esutjss-271	159	16	have	have	VERB
esutjss-271	159	17	no	no	DET
esutjss-271	159	18	significant	significant	ADJ
esutjss-271	159	19	impact	impact	NOUN
esutjss-271	159	20	on	on	ADP
esutjss-271	159	21	the	the	DET
esutjss-271	159	22	nigerian	nigerian	ADJ
esutjss-271	159	23	stock	stock	NOUN
esutjss-271	159	24	exchange	exchange	NOUN
esutjss-271	159	25	market	market	NOUN
esutjss-271	159	26	.	.	PUNCT
esutjss-271	160	1	this	this	DET
esutjss-271	160	2	finding	finding	NOUN
esutjss-271	160	3	aligns	align	VERB
esutjss-271	160	4	with	with	ADP
esutjss-271	160	5	studies	study	NOUN
esutjss-271	160	6	such	such	ADJ
esutjss-271	160	7	as	as	ADP
esutjss-271	160	8	biala	biala	NOUN
esutjss-271	160	9	and	and	CCONJ
esutjss-271	160	10	oladejo	oladejo	PROPN
esutjss-271	160	11	(	(	PUNCT
esutjss-271	160	12	2022	2022	NUM
esutjss-271	160	13	)	)	PUNCT
esutjss-271	160	14	,	,	PUNCT
esutjss-271	160	15	which	which	PRON
esutjss-271	160	16	showed	show	VERB
esutjss-271	160	17	a	a	DET
esutjss-271	160	18	unidirectional	unidirectional	ADJ
esutjss-271	160	19	causality	causality	NOUN
esutjss-271	160	20	running	run	VERB
esutjss-271	160	21	from	from	ADP
esutjss-271	160	22	stock	stock	NOUN
esutjss-271	160	23	prices	price	NOUN
esutjss-271	160	24	to	to	PART
esutjss-271	160	25	exchange	exchange	VERB
esutjss-271	160	26	rates	rate	NOUN
esutjss-271	160	27	in	in	ADP
esutjss-271	160	28	the	the	DET
esutjss-271	160	29	long	long	ADJ
esutjss-271	160	30	run	run	NOUN
esutjss-271	160	31	,	,	PUNCT
esutjss-271	160	32	indicating	indicate	VERB
esutjss-271	160	33	that	that	SCONJ
esutjss-271	160	34	stock	stock	NOUN
esutjss-271	160	35	prices	price	NOUN
esutjss-271	160	36	may	may	AUX
esutjss-271	160	37	influence	influence	VERB
esutjss-271	160	38	exchange	exchange	NOUN
esutjss-271	160	39	rates	rate	NOUN
esutjss-271	160	40	rather	rather	ADV
esutjss-271	160	41	than	than	ADP
esutjss-271	160	42	the	the	DET
esutjss-271	160	43	reverse	reverse	NOUN
esutjss-271	160	44	.	.	PUNCT
esutjss-271	161	1	similarly	similarly	ADV
esutjss-271	161	2	,	,	PUNCT
esutjss-271	161	3	zubair	zubair	PROPN
esutjss-271	161	4	(	(	PUNCT
esutjss-271	161	5	2013	2013	NUM
esutjss-271	161	6	)	)	PUNCT
esutjss-271	161	7	reported	report	VERB
esutjss-271	161	8	no	no	DET
esutjss-271	161	9	significant	significant	ADJ
esutjss-271	161	10	causal	causal	ADJ
esutjss-271	161	11	relationship	relationship	NOUN
esutjss-271	161	12	between	between	ADP
esutjss-271	161	13	exchange	exchange	NOUN
esutjss-271	161	14	rates	rate	NOUN
esutjss-271	161	15	and	and	CCONJ
esutjss-271	161	16	stock	stock	NOUN
esutjss-271	161	17	prices	price	NOUN
esutjss-271	161	18	in	in	ADP
esutjss-271	161	19	nigeria	nigeria	PROPN
esutjss-271	161	20	,	,	PUNCT
esutjss-271	161	21	suggesting	suggest	VERB
esutjss-271	161	22	that	that	SCONJ
esutjss-271	161	23	fluctuations	fluctuation	NOUN
esutjss-271	161	24	in	in	ADP
esutjss-271	161	25	the	the	DET
esutjss-271	161	26	nominal	nominal	ADJ
esutjss-271	161	27	exchange	exchange	NOUN
esutjss-271	161	28	rate	rate	NOUN
esutjss-271	161	29	may	may	AUX
esutjss-271	161	30	not	not	PART
esutjss-271	161	31	directly	directly	ADV
esutjss-271	161	32	affect	affect	VERB
esutjss-271	161	33	stock	stock	NOUN
esutjss-271	161	34	market	market	NOUN
esutjss-271	161	35	127	127	NUM
esutjss-271	161	36	performance	performance	NOUN
esutjss-271	161	37	.	.	PUNCT
esutjss-271	162	1	these	these	DET
esutjss-271	162	2	findings	finding	NOUN
esutjss-271	162	3	imply	imply	VERB
esutjss-271	162	4	that	that	SCONJ
esutjss-271	162	5	other	other	ADJ
esutjss-271	162	6	factors	factor	NOUN
esutjss-271	162	7	,	,	PUNCT
esutjss-271	162	8	such	such	ADJ
esutjss-271	162	9	as	as	ADP
esutjss-271	162	10	domestic	domestic	ADJ
esutjss-271	162	11	economic	economic	ADJ
esutjss-271	162	12	policies	policy	NOUN
esutjss-271	162	13	and	and	CCONJ
esutjss-271	162	14	global	global	ADJ
esutjss-271	162	15	market	market	NOUN
esutjss-271	162	16	trends	trend	NOUN
esutjss-271	162	17	,	,	PUNCT
esutjss-271	162	18	might	might	AUX
esutjss-271	162	19	play	play	VERB
esutjss-271	162	20	a	a	DET
esutjss-271	162	21	more	more	ADV
esutjss-271	162	22	substantial	substantial	ADJ
esutjss-271	162	23	role	role	NOUN
esutjss-271	162	24	in	in	ADP
esutjss-271	162	25	influencing	influence	VERB
esutjss-271	162	26	the	the	DET
esutjss-271	162	27	nigerian	nigerian	ADJ
esutjss-271	162	28	stock	stock	NOUN
esutjss-271	162	29	market	market	NOUN
esutjss-271	162	30	than	than	ADP
esutjss-271	162	31	nominal	nominal	ADJ
esutjss-271	162	32	exchange	exchange	NOUN
esutjss-271	162	33	rate	rate	NOUN
esutjss-271	162	34	variations	variation	NOUN
esutjss-271	162	35	.	.	PUNCT
esutjss-271	163	1	the	the	DET
esutjss-271	163	2	coefficient	coefficient	NOUN
esutjss-271	163	3	of	of	ADP
esutjss-271	163	4	the	the	DET
esutjss-271	163	5	error	error	NOUN
esutjss-271	163	6	correction	correction	NOUN
esutjss-271	163	7	term	term	NOUN
esutjss-271	163	8	(	(	PUNCT
esutjss-271	163	9	resid_fi	resid_fi	NOUN
esutjss-271	163	10	)	)	PUNCT
esutjss-271	163	11	is	be	AUX
esutjss-271	163	12	-0.72	-0.72	NUM
esutjss-271	163	13	,	,	PUNCT
esutjss-271	163	14	suggesting	suggest	VERB
esutjss-271	163	15	that	that	SCONJ
esutjss-271	163	16	the	the	DET
esutjss-271	163	17	speed	speed	NOUN
esutjss-271	163	18	of	of	ADP
esutjss-271	163	19	adjustment	adjustment	NOUN
esutjss-271	163	20	from	from	ADP
esutjss-271	163	21	the	the	DET
esutjss-271	163	22	short	short	ADJ
esutjss-271	163	23	run	run	NOUN
esutjss-271	163	24	back	back	ADV
esutjss-271	163	25	to	to	ADP
esutjss-271	163	26	the	the	DET
esutjss-271	163	27	long	long	ADJ
esutjss-271	163	28	run	run	NOUN
esutjss-271	163	29	if	if	SCONJ
esutjss-271	163	30	there	there	PRON
esutjss-271	163	31	is	be	VERB
esutjss-271	163	32	disequilibrium	disequilibrium	NOUN
esutjss-271	163	33	in	in	ADP
esutjss-271	163	34	the	the	DET
esutjss-271	163	35	model	model	NOUN
esutjss-271	163	36	is	be	AUX
esutjss-271	163	37	approximately	approximately	ADV
esutjss-271	163	38	100	100	NUM
esutjss-271	163	39	%	%	NOUN
esutjss-271	163	40	.	.	PUNCT
esutjss-271	164	1	the	the	DET
esutjss-271	164	2	coefficient	coefficient	NOUN
esutjss-271	164	3	of	of	ADP
esutjss-271	164	4	determination	determination	NOUN
esutjss-271	164	5	(	(	PUNCT
esutjss-271	164	6	r2	r2	PROPN
esutjss-271	164	7	)	)	PUNCT
esutjss-271	164	8	from	from	ADP
esutjss-271	164	9	the	the	DET
esutjss-271	164	10	nardl	nardl	NOUN
esutjss-271	164	11	regression	regression	NOUN
esutjss-271	164	12	result	result	NOUN
esutjss-271	164	13	indicated	indicate	VERB
esutjss-271	164	14	that	that	SCONJ
esutjss-271	164	15	the	the	DET
esutjss-271	164	16	coefficient	coefficient	NOUN
esutjss-271	164	17	of	of	ADP
esutjss-271	164	18	determination	determination	NOUN
esutjss-271	164	19	(	(	PUNCT
esutjss-271	164	20	r2	r2	PROPN
esutjss-271	164	21	)	)	PUNCT
esutjss-271	164	22	is	be	AUX
esutjss-271	164	23	given	give	VERB
esutjss-271	164	24	as	as	ADP
esutjss-271	164	25	0.9665	0.9665	NUM
esutjss-271	164	26	,	,	PUNCT
esutjss-271	164	27	which	which	PRON
esutjss-271	164	28	shows	show	VERB
esutjss-271	164	29	that	that	SCONJ
esutjss-271	164	30	the	the	DET
esutjss-271	164	31	explanatory	explanatory	ADJ
esutjss-271	164	32	power	power	NOUN
esutjss-271	164	33	of	of	ADP
esutjss-271	164	34	the	the	DET
esutjss-271	164	35	variables	variable	NOUN
esutjss-271	164	36	is	be	AUX
esutjss-271	164	37	high	high	ADJ
esutjss-271	164	38	.	.	PUNCT
esutjss-271	165	1	this	this	PRON
esutjss-271	165	2	implies	imply	VERB
esutjss-271	165	3	that	that	SCONJ
esutjss-271	165	4	about	about	ADP
esutjss-271	165	5	96.65	96.65	NUM
esutjss-271	165	6	%	%	NOUN
esutjss-271	165	7	of	of	ADP
esutjss-271	165	8	the	the	DET
esutjss-271	165	9	variations	variation	NOUN
esutjss-271	165	10	in	in	ADP
esutjss-271	165	11	all	all	DET
esutjss-271	165	12	share	share	NOUN
esutjss-271	165	13	index	index	NOUN
esutjss-271	165	14	(	(	PUNCT
esutjss-271	165	15	asindex	asindex	NOUN
esutjss-271	165	16	)	)	PUNCT
esutjss-271	165	17	were	be	AUX
esutjss-271	165	18	accounted	account	VERB
esutjss-271	165	19	for	for	ADP
esutjss-271	165	20	or	or	CCONJ
esutjss-271	165	21	explained	explain	VERB
esutjss-271	165	22	by	by	ADP
esutjss-271	165	23	variations	variation	NOUN
esutjss-271	165	24	in	in	ADP
esutjss-271	165	25	monetary	monetary	ADJ
esutjss-271	165	26	policy	policy	NOUN
esutjss-271	165	27	rate	rate	NOUN
esutjss-271	165	28	,	,	PUNCT
esutjss-271	165	29	broad	broad	ADJ
esutjss-271	165	30	money	money	NOUN
esutjss-271	165	31	supply	supply	NOUN
esutjss-271	165	32	,	,	PUNCT
esutjss-271	165	33	treasury	treasury	NOUN
esutjss-271	165	34	bills	bill	NOUN
esutjss-271	165	35	,	,	PUNCT
esutjss-271	165	36	nominal	nominal	ADJ
esutjss-271	165	37	exchange	exchange	NOUN
esutjss-271	165	38	rate	rate	NOUN
esutjss-271	165	39	,	,	PUNCT
esutjss-271	165	40	and	and	CCONJ
esutjss-271	165	41	inflation	inflation	NOUN
esutjss-271	165	42	rate	rate	NOUN
esutjss-271	165	43	in	in	ADP
esutjss-271	165	44	nigeria	nigeria	PROPN
esutjss-271	165	45	.	.	PUNCT
esutjss-271	166	1	5	5	NUM
esutjss-271	166	2	conclusion	conclusion	NOUN
esutjss-271	166	3	and	and	CCONJ
esutjss-271	166	4	policy	policy	NOUN
esutjss-271	166	5	implication	implication	NOUN
esutjss-271	166	6	5.1	5.1	NUM
esutjss-271	166	7	conclusion	conclusion	NOUN
esutjss-271	166	8	the	the	DET
esutjss-271	166	9	significant	significant	ADJ
esutjss-271	166	10	impact	impact	NOUN
esutjss-271	166	11	of	of	ADP
esutjss-271	166	12	the	the	DET
esutjss-271	166	13	monetary	monetary	ADJ
esutjss-271	166	14	policy	policy	NOUN
esutjss-271	166	15	rate	rate	NOUN
esutjss-271	166	16	(	(	PUNCT
esutjss-271	166	17	mpr	mpr	NOUN
esutjss-271	166	18	)	)	PUNCT
esutjss-271	166	19	and	and	CCONJ
esutjss-271	166	20	broad	broad	ADJ
esutjss-271	166	21	money	money	NOUN
esutjss-271	166	22	supply	supply	NOUN
esutjss-271	166	23	(	(	PUNCT
esutjss-271	166	24	m2	m2	PROPN
esutjss-271	166	25	/	/	SYM
esutjss-271	166	26	gdp	gdp	PROPN
esutjss-271	166	27	)	)	PUNCT
esutjss-271	166	28	highlights	highlight	NOUN
esutjss-271	166	29	the	the	DET
esutjss-271	166	30	central	central	ADJ
esutjss-271	166	31	role	role	NOUN
esutjss-271	166	32	of	of	ADP
esutjss-271	166	33	monetary	monetary	ADJ
esutjss-271	166	34	policy	policy	NOUN
esutjss-271	166	35	tools	tool	NOUN
esutjss-271	166	36	in	in	ADP
esutjss-271	166	37	shaping	shape	VERB
esutjss-271	166	38	market	market	NOUN
esutjss-271	166	39	dynamics	dynamic	NOUN
esutjss-271	166	40	.	.	PUNCT
esutjss-271	167	1	policymakers	policymaker	NOUN
esutjss-271	167	2	must	must	AUX
esutjss-271	167	3	carefully	carefully	ADV
esutjss-271	167	4	adjust	adjust	VERB
esutjss-271	167	5	the	the	DET
esutjss-271	167	6	monetary	monetary	ADJ
esutjss-271	167	7	policy	policy	NOUN
esutjss-271	167	8	rate	rate	NOUN
esutjss-271	167	9	so	so	SCONJ
esutjss-271	167	10	as	as	SCONJ
esutjss-271	167	11	to	to	PART
esutjss-271	167	12	boost	boost	VERB
esutjss-271	167	13	transactions	transaction	NOUN
esutjss-271	167	14	in	in	ADP
esutjss-271	167	15	the	the	DET
esutjss-271	167	16	capital	capital	NOUN
esutjss-271	167	17	market	market	NOUN
esutjss-271	167	18	and	and	CCONJ
esutjss-271	167	19	enhance	enhance	VERB
esutjss-271	167	20	investor	investor	NOUN
esutjss-271	167	21	’s	’s	PART
esutjss-271	167	22	sentiment	sentiment	NOUN
esutjss-271	167	23	.	.	PUNCT
esutjss-271	168	1	it	it	PRON
esutjss-271	168	2	is	be	AUX
esutjss-271	168	3	to	to	PART
esutjss-271	168	4	be	be	AUX
esutjss-271	168	5	noted	note	VERB
esutjss-271	168	6	that	that	SCONJ
esutjss-271	168	7	nominal	nominal	ADJ
esutjss-271	168	8	exchange	exchange	NOUN
esutjss-271	168	9	rate	rate	NOUN
esutjss-271	168	10	and	and	CCONJ
esutjss-271	168	11	treasury	treasury	NOUN
esutjss-271	168	12	bill	bill	NOUN
esutjss-271	168	13	have	have	VERB
esutjss-271	168	14	no	no	DET
esutjss-271	168	15	significant	significant	ADJ
esutjss-271	168	16	impact	impact	NOUN
esutjss-271	168	17	on	on	ADP
esutjss-271	168	18	the	the	DET
esutjss-271	168	19	nigerian	nigerian	ADJ
esutjss-271	168	20	stock	stock	NOUN
esutjss-271	168	21	exchange	exchange	NOUN
esutjss-271	168	22	market	market	NOUN
esutjss-271	168	23	,	,	PUNCT
esutjss-271	168	24	indicating	indicate	VERB
esutjss-271	168	25	a	a	DET
esutjss-271	168	26	degree	degree	NOUN
esutjss-271	168	27	of	of	ADP
esutjss-271	168	28	resilience	resilience	NOUN
esutjss-271	168	29	in	in	ADP
esutjss-271	168	30	the	the	DET
esutjss-271	168	31	market	market	NOUN
esutjss-271	168	32	to	to	ADP
esutjss-271	168	33	currency	currency	NOUN
esutjss-271	168	34	volatility	volatility	NOUN
esutjss-271	168	35	.	.	PUNCT
esutjss-271	169	1	5.2	5.2	NUM
esutjss-271	169	2	policy	policy	NOUN
esutjss-271	169	3	implications	implication	NOUN
esutjss-271	169	4	of	of	ADP
esutjss-271	169	5	findings	finding	NOUN
esutjss-271	169	6	i	i	NOUN
esutjss-271	169	7	)	)	PUNCT
esutjss-271	169	8	monetary	monetary	ADJ
esutjss-271	169	9	policy	policy	NOUN
esutjss-271	169	10	rate	rate	NOUN
esutjss-271	169	11	(	(	PUNCT
esutjss-271	169	12	mpr	mpr	NOUN
esutjss-271	169	13	)	)	PUNCT
esutjss-271	169	14	and	and	CCONJ
esutjss-271	169	15	the	the	DET
esutjss-271	169	16	nigerian	nigerian	ADJ
esutjss-271	169	17	stock	stock	NOUN
esutjss-271	169	18	exchange	exchange	NOUN
esutjss-271	169	19	showed	show	VERB
esutjss-271	169	20	the	the	DET
esutjss-271	169	21	importance	importance	NOUN
esutjss-271	169	22	of	of	ADP
esutjss-271	169	23	the	the	DET
esutjss-271	169	24	market	market	NOUN
esutjss-271	169	25	and	and	CCONJ
esutjss-271	169	26	monetary	monetary	ADJ
esutjss-271	169	27	policy	policy	NOUN
esutjss-271	169	28	in	in	ADP
esutjss-271	169	29	the	the	DET
esutjss-271	169	30	economy	economy	NOUN
esutjss-271	169	31	.	.	PUNCT
esutjss-271	170	1	the	the	DET
esutjss-271	170	2	central	central	ADJ
esutjss-271	170	3	bank	bank	PROPN
esutjss-271	170	4	of	of	ADP
esutjss-271	170	5	nigeria	nigeria	PROPN
esutjss-271	170	6	must	must	AUX
esutjss-271	170	7	consider	consider	VERB
esutjss-271	170	8	mpr	mpr	NOUN
esutjss-271	170	9	adjustments	adjustment	NOUN
esutjss-271	170	10	to	to	PART
esutjss-271	170	11	rein	rein	VERB
esutjss-271	170	12	in	in	ADP
esutjss-271	170	13	inflation	inflation	NOUN
esutjss-271	170	14	without	without	ADP
esutjss-271	170	15	deterring	deter	VERB
esutjss-271	170	16	investment	investment	NOUN
esutjss-271	170	17	in	in	ADP
esutjss-271	170	18	equities	equity	NOUN
esutjss-271	170	19	.	.	PUNCT
esutjss-271	171	1	maintaining	maintain	VERB
esutjss-271	171	2	a	a	DET
esutjss-271	171	3	stable	stable	ADJ
esutjss-271	171	4	and	and	CCONJ
esutjss-271	171	5	predictable	predictable	ADJ
esutjss-271	171	6	interest	interest	NOUN
esutjss-271	171	7	rate	rate	NOUN
esutjss-271	171	8	environment	environment	NOUN
esutjss-271	171	9	can	can	AUX
esutjss-271	171	10	help	help	VERB
esutjss-271	171	11	foster	foster	VERB
esutjss-271	171	12	investor	investor	NOUN
esutjss-271	171	13	confidence	confidence	NOUN
esutjss-271	171	14	and	and	CCONJ
esutjss-271	171	15	sentiment	sentiment	NOUN
esutjss-271	171	16	,	,	PUNCT
esutjss-271	171	17	as	as	SCONJ
esutjss-271	171	18	abrupt	abrupt	ADJ
esutjss-271	171	19	rate	rate	NOUN
esutjss-271	171	20	hikes	hike	NOUN
esutjss-271	171	21	may	may	AUX
esutjss-271	171	22	drive	drive	VERB
esutjss-271	171	23	funds	fund	NOUN
esutjss-271	171	24	toward	toward	ADP
esutjss-271	171	25	fixed	fix	VERB
esutjss-271	171	26	-	-	PUNCT
esutjss-271	171	27	income	income	NOUN
esutjss-271	171	28	securities	security	NOUN
esutjss-271	171	29	,	,	PUNCT
esutjss-271	171	30	thereby	thereby	ADV
esutjss-271	171	31	reducing	reduce	VERB
esutjss-271	171	32	liquidity	liquidity	NOUN
esutjss-271	171	33	and	and	CCONJ
esutjss-271	171	34	trading	trading	NOUN
esutjss-271	171	35	volumes	volume	NOUN
esutjss-271	171	36	in	in	ADP
esutjss-271	171	37	the	the	DET
esutjss-271	171	38	stock	stock	NOUN
esutjss-271	171	39	market	market	NOUN
esutjss-271	171	40	in	in	ADP
esutjss-271	171	41	line	line	NOUN
esutjss-271	171	42	with	with	ADP
esutjss-271	171	43	theoretical	theoretical	ADJ
esutjss-271	171	44	postulation	postulation	NOUN
esutjss-271	171	45	and	and	CCONJ
esutjss-271	171	46	capital	capital	NOUN
esutjss-271	171	47	market	market	NOUN
esutjss-271	171	48	trend	trend	NOUN
esutjss-271	171	49	.	.	PUNCT
esutjss-271	172	1	ii	ii	X
esutjss-271	172	2	)	)	PUNCT
esutjss-271	172	3	broad	broad	ADJ
esutjss-271	172	4	money	money	NOUN
esutjss-271	172	5	supply	supply	NOUN
esutjss-271	172	6	(	(	PUNCT
esutjss-271	172	7	m2	m2	PROPN
esutjss-271	172	8	/	/	SYM
esutjss-271	172	9	gdp	gdp	PROPN
esutjss-271	172	10	)	)	PUNCT
esutjss-271	172	11	and	and	CCONJ
esutjss-271	172	12	inflation	inflation	NOUN
esutjss-271	172	13	significantly	significantly	ADV
esutjss-271	172	14	impact	impact	VERB
esutjss-271	172	15	the	the	DET
esutjss-271	172	16	nigerian	nigerian	ADJ
esutjss-271	172	17	stock	stock	NOUN
esutjss-271	172	18	exchange	exchange	PROPN
esutjss-271	172	19	highlighting	highlight	VERB
esutjss-271	172	20	the	the	DET
esutjss-271	172	21	importance	importance	NOUN
esutjss-271	172	22	of	of	ADP
esutjss-271	172	23	liquidity	liquidity	NOUN
esutjss-271	172	24	management	management	NOUN
esutjss-271	172	25	in	in	ADP
esutjss-271	172	26	enhancing	enhance	VERB
esutjss-271	172	27	the	the	DET
esutjss-271	172	28	market	market	NOUN
esutjss-271	172	29	stability	stability	NOUN
esutjss-271	172	30	and	and	CCONJ
esutjss-271	172	31	growth	growth	NOUN
esutjss-271	172	32	.	.	PUNCT
esutjss-271	173	1	as	as	ADP
esutjss-271	173	2	such	such	DET
esutjss-271	173	3	an	an	DET
esutjss-271	173	4	expansionary	expansionary	ADJ
esutjss-271	173	5	monetary	monetary	ADJ
esutjss-271	173	6	policy	policy	NOUN
esutjss-271	173	7	that	that	PRON
esutjss-271	173	8	increases	increase	VERB
esutjss-271	173	9	m2	m2	PROPN
esutjss-271	173	10	/	/	SYM
esutjss-271	173	11	gdp	gdp	NOUN
esutjss-271	173	12	can	can	AUX
esutjss-271	173	13	enhance	enhance	VERB
esutjss-271	173	14	investor	investor	NOUN
esutjss-271	173	15	activities	activity	NOUN
esutjss-271	173	16	in	in	ADP
esutjss-271	173	17	the	the	DET
esutjss-271	173	18	equities	equity	NOUN
esutjss-271	173	19	market	market	NOUN
esutjss-271	173	20	by	by	ADP
esutjss-271	173	21	boosting	boost	VERB
esutjss-271	173	22	liquidity	liquidity	NOUN
esutjss-271	173	23	and	and	CCONJ
esutjss-271	173	24	reducing	reduce	VERB
esutjss-271	173	25	borrowing	borrowing	NOUN
esutjss-271	173	26	costs	cost	NOUN
esutjss-271	173	27	.	.	PUNCT
esutjss-271	174	1	however	however	ADV
esutjss-271	174	2	,	,	PUNCT
esutjss-271	174	3	policymakers	policymaker	NOUN
esutjss-271	174	4	must	must	AUX
esutjss-271	174	5	strike	strike	VERB
esutjss-271	174	6	a	a	DET
esutjss-271	174	7	balance	balance	NOUN
esutjss-271	174	8	to	to	PART
esutjss-271	174	9	prevent	prevent	VERB
esutjss-271	174	10	excessive	excessive	ADJ
esutjss-271	174	11	money	money	NOUN
esutjss-271	174	12	supply	supply	NOUN
esutjss-271	174	13	,	,	PUNCT
esutjss-271	174	14	which	which	PRON
esutjss-271	174	15	could	could	AUX
esutjss-271	174	16	lead	lead	VERB
esutjss-271	174	17	to	to	ADP
esutjss-271	174	18	inflationary	inflationary	ADJ
esutjss-271	174	19	pressures	pressure	NOUN
esutjss-271	174	20	and	and	CCONJ
esutjss-271	174	21	undermine	undermine	VERB
esutjss-271	174	22	the	the	DET
esutjss-271	174	23	economic	economic	ADJ
esutjss-271	174	24	stability	stability	NOUN
esutjss-271	174	25	necessary	necessary	ADJ
esutjss-271	174	26	for	for	ADP
esutjss-271	174	27	sustained	sustained	ADJ
esutjss-271	174	28	market	market	NOUN
esutjss-271	174	29	growth	growth	NOUN
esutjss-271	174	30	.	.	PUNCT
esutjss-271	175	1	iii	iii	X
esutjss-271	175	2	)	)	PUNCT
esutjss-271	175	3	nominal	nominal	ADJ
esutjss-271	175	4	exchange	exchange	NOUN
esutjss-271	175	5	rate	rate	NOUN
esutjss-271	175	6	and	and	CCONJ
esutjss-271	175	7	treasury	treasury	NOUN
esutjss-271	175	8	bill	bill	NOUN
esutjss-271	175	9	on	on	ADP
esutjss-271	175	10	the	the	DET
esutjss-271	175	11	all	all	DET
esutjss-271	175	12	-	-	PUNCT
esutjss-271	175	13	share	share	NOUN
esutjss-271	175	14	index	index	NOUN
esutjss-271	175	15	suggests	suggest	VERB
esutjss-271	175	16	that	that	SCONJ
esutjss-271	175	17	exchange	exchange	NOUN
esutjss-271	175	18	rate	rate	NOUN
esutjss-271	175	19	volatility	volatility	NOUN
esutjss-271	175	20	may	may	AUX
esutjss-271	175	21	not	not	PART
esutjss-271	175	22	directly	directly	ADV
esutjss-271	175	23	influence	influence	VERB
esutjss-271	175	24	equity	equity	NOUN
esutjss-271	175	25	performance	performance	NOUN
esutjss-271	175	26	in	in	ADP
esutjss-271	175	27	nigeria	nigeria	PROPN
esutjss-271	175	28	.	.	PUNCT
esutjss-271	176	1	this	this	DET
esutjss-271	176	2	finding	finding	NOUN
esutjss-271	176	3	implies	imply	VERB
esutjss-271	176	4	that	that	SCONJ
esutjss-271	176	5	policymakers	policymaker	NOUN
esutjss-271	176	6	should	should	AUX
esutjss-271	176	7	prioritize	prioritize	VERB
esutjss-271	176	8	measures	measure	NOUN
esutjss-271	176	9	that	that	PRON
esutjss-271	176	10	stabilizes	stabilize	VERB
esutjss-271	176	11	broader	broad	ADJ
esutjss-271	176	12	economic	economic	ADJ
esutjss-271	176	13	fundamentals	fundamental	NOUN
esutjss-271	176	14	,	,	PUNCT
esutjss-271	176	15	such	such	ADJ
esutjss-271	176	16	as	as	ADP
esutjss-271	176	17	inflation	inflation	NOUN
esutjss-271	176	18	control	control	NOUN
esutjss-271	176	19	and	and	CCONJ
esutjss-271	176	20	fiscal	fiscal	ADJ
esutjss-271	176	21	discipline	discipline	NOUN
esutjss-271	176	22	,	,	PUNCT
esutjss-271	176	23	over	over	ADP
esutjss-271	176	24	exchange	exchange	NOUN
esutjss-271	176	25	rate	rate	NOUN
esutjss-271	176	26	interventions	intervention	NOUN
esutjss-271	176	27	to	to	PART
esutjss-271	176	28	support	support	VERB
esutjss-271	176	29	stock	stock	NOUN
esutjss-271	176	30	market	market	NOUN
esutjss-271	176	31	performance	performance	NOUN
esutjss-271	176	32	.	.	PUNCT
esutjss-271	177	1	nonetheless	nonetheless	ADV
esutjss-271	177	2	,	,	PUNCT
esutjss-271	177	3	creating	create	VERB
esutjss-271	177	4	a	a	DET
esutjss-271	177	5	conducive	conducive	ADJ
esutjss-271	177	6	environment	environment	NOUN
esutjss-271	177	7	for	for	ADP
esutjss-271	177	8	foreign	foreign	ADJ
esutjss-271	177	9	investors	investor	NOUN
esutjss-271	177	10	by	by	ADP
esutjss-271	177	11	ensuring	ensure	VERB
esutjss-271	177	12	a	a	DET
esutjss-271	177	13	stable	stable	ADJ
esutjss-271	177	14	exchange	exchange	NOUN
esutjss-271	177	15	rate	rate	NOUN
esutjss-271	177	16	regime	regime	NOUN
esutjss-271	177	17	can	can	AUX
esutjss-271	177	18	indirectly	indirectly	ADV
esutjss-271	177	19	benefit	benefit	VERB
esutjss-271	177	20	the	the	DET
esutjss-271	177	21	stock	stock	NOUN
esutjss-271	177	22	market	market	NOUN
esutjss-271	177	23	through	through	ADP
esutjss-271	177	24	enhanced	enhanced	ADJ
esutjss-271	177	25	capital	capital	NOUN
esutjss-271	177	26	inflows	inflow	NOUN
esutjss-271	177	27	.	.	PUNCT
esutjss-271	178	1	128	128	NUM
esutjss-271	178	2	references	reference	NOUN
esutjss-271	178	3	akinmade	akinmade	PROPN
esutjss-271	178	4	,	,	PUNCT
esutjss-271	178	5	b.	b.	PROPN
esutjss-271	178	6	,	,	PUNCT
esutjss-271	178	7	adedoyin	adedoyin	PROPN
esutjss-271	178	8	,	,	PUNCT
esutjss-271	178	9	f.	f.	PROPN
esutjss-271	178	10	f.	f.	PROPN
esutjss-271	178	11	,	,	PUNCT
esutjss-271	178	12	&	&	CCONJ
esutjss-271	178	13	bekun	bekun	PROPN
esutjss-271	178	14	,	,	PUNCT
esutjss-271	178	15	f.	f.	PROPN
esutjss-271	178	16	v.	v.	PROPN
esutjss-271	178	17	(	(	PUNCT
esutjss-271	178	18	2020	2020	NUM
esutjss-271	178	19	)	)	PUNCT
esutjss-271	178	20	.	.	PUNCT
esutjss-271	179	1	the	the	DET
esutjss-271	179	2	impact	impact	NOUN
esutjss-271	179	3	of	of	ADP
esutjss-271	179	4	stock	stock	NOUN
esutjss-271	179	5	market	market	NOUN
esutjss-271	179	6	manipulation	manipulation	NOUN
esutjss-271	179	7	on	on	ADP
esutjss-271	179	8	nigeria	nigeria	PROPN
esutjss-271	179	9	’s	’s	PART
esutjss-271	179	10	economic	economic	ADJ
esutjss-271	179	11	performance	performance	NOUN
esutjss-271	179	12	.	.	PUNCT
esutjss-271	180	1	journal	journal	NOUN
esutjss-271	180	2	of	of	ADP
esutjss-271	180	3	economic	economic	ADJ
esutjss-271	180	4	structures	structure	NOUN
esutjss-271	180	5	,	,	PUNCT
esutjss-271	180	6	9(1	9(1	NUM
esutjss-271	180	7	)	)	PUNCT
esutjss-271	180	8	.	.	PUNCT
esutjss-271	181	1	https://doi.org/10.1186/s40008-020-00226-0	https://doi.org/10.1186/s40008-020-00226-0	NUM
esutjss-271	181	2	anyanwu	anyanwu	PROPN
esutjss-271	181	3	,	,	PUNCT
esutjss-271	181	4	c.	c.	PROPN
esutjss-271	181	5	c.	c.	PROPN
esutjss-271	181	6	&	&	CCONJ
esutjss-271	181	7	ohurogu	ohurogu	PROPN
esutjss-271	181	8	,	,	PUNCT
esutjss-271	181	9	d.u	d.u	PROPN
esutjss-271	181	10	.	.	PROPN
esutjss-271	181	11	(	(	PUNCT
esutjss-271	181	12	2024	2024	NUM
esutjss-271	181	13	)	)	PUNCT
esutjss-271	181	14	.	.	PUNCT
esutjss-271	182	1	stock	stock	NOUN
esutjss-271	182	2	market	market	NOUN
esutjss-271	182	3	liquidity	liquidity	NOUN
esutjss-271	182	4	in	in	ADP
esutjss-271	182	5	nigeria	nigeria	PROPN
esutjss-271	182	6	:	:	PUNCT
esutjss-271	182	7	the	the	DET
esutjss-271	182	8	effects	effect	NOUN
esutjss-271	182	9	of	of	ADP
esutjss-271	182	10	interest	interest	NOUN
esutjss-271	182	11	rate	rate	NOUN
esutjss-271	182	12	and	and	CCONJ
esutjss-271	182	13	money	money	NOUN
esutjss-271	182	14	supply	supply	NOUN
esutjss-271	182	15	.	.	PUNCT
esutjss-271	183	1	nigerian	nigerian	ADJ
esutjss-271	183	2	journal	journal	PROPN
esutjss-271	183	3	of	of	ADP
esutjss-271	183	4	management	management	PROPN
esutjss-271	183	5	sciences	science	NOUN
esutjss-271	183	6	25(1	25(1	NUM
esutjss-271	183	7	)	)	PUNCT
esutjss-271	183	8	,	,	PUNCT
esutjss-271	183	9	114	114	NUM
esutjss-271	183	10	126	126	NUM
esutjss-271	183	11	.	.	PUNCT
esutjss-271	184	1	awopegba	awopegba	PROPN
esutjss-271	184	2	,	,	PUNCT
esutjss-271	184	3	o.e	o.e	PROPN
esutjss-271	184	4	.	.	NOUN
esutjss-271	184	5	;	;	PUNCT
esutjss-271	184	6	afolabi	afolabi	NOUN
esutjss-271	184	7	,	,	PUNCT
esutjss-271	184	8	j.o	j.o	PROPN
esutjss-271	184	9	;	;	PUNCT
esutjss-271	184	10	adeoye	adeoye	PROPN
esutjss-271	184	11	,	,	PUNCT
esutjss-271	184	12	l.t	l.t	PROPN
esutjss-271	184	13	.	.	PROPN
esutjss-271	184	14	,	,	PUNCT
esutjss-271	184	15	&	&	CCONJ
esutjss-271	184	16	akpokodje	akpokodje	PROPN
esutjss-271	184	17	,	,	PUNCT
esutjss-271	184	18	g	g	PROPN
esutjss-271	184	19	,	,	PUNCT
esutjss-271	184	20	o.(2022	o.(2022	NOUN
esutjss-271	184	21	)	)	PUNCT
esutjss-271	184	22	effect	effect	NOUN
esutjss-271	184	23	of	of	ADP
esutjss-271	184	24	monetary	monetary	ADJ
esutjss-271	184	25	policy	policy	NOUN
esutjss-271	184	26	rate	rate	NOUN
esutjss-271	184	27	on	on	ADP
esutjss-271	184	28	market	market	NOUN
esutjss-271	184	29	interest	interest	NOUN
esutjss-271	184	30	rate	rate	NOUN
esutjss-271	184	31	in	in	ADP
esutjss-271	184	32	nigeria	nigeria	PROPN
esutjss-271	184	33	:	:	PUNCT
esutjss-271	184	34	a	a	DET
esutjss-271	184	35	threshold	threshold	NOUN
esutjss-271	184	36	and	and	CCONJ
esutjss-271	184	37	nardl	nardl	NOUN
esutjss-271	184	38	approach	approach	NOUN
esutjss-271	184	39	.	.	PUNCT
esutjss-271	185	1	cbn	cbn	PROPN
esutjss-271	185	2	journal	journal	PROPN
esutjss-271	185	3	of	of	ADP
esutjss-271	185	4	applied	applied	ADJ
esutjss-271	185	5	statistics	statistic	NOUN
esutjss-271	185	6	,	,	PUNCT
esutjss-271	185	7	13(1	13(1	NUM
esutjss-271	185	8	)	)	PUNCT
esutjss-271	185	9	,	,	PUNCT
esutjss-271	185	10	93	93	NUM
esutjss-271	185	11	-	-	SYM
esutjss-271	185	12	121	121	NUM
esutjss-271	185	13	.	.	PUNCT
esutjss-271	186	1	babangida	babangida	PROPN
esutjss-271	186	2	,	,	PUNCT
esutjss-271	186	3	j.s	j.s	PROPN
esutjss-271	186	4	&	&	CCONJ
esutjss-271	186	5	khan	khan	PROPN
esutjss-271	186	6	,	,	PUNCT
esutjss-271	186	7	a,,ui.(2021	a,,ui.(2021	PROPN
esutjss-271	186	8	)	)	PUNCT
esutjss-271	186	9	effect	effect	NOUN
esutjss-271	186	10	of	of	ADP
esutjss-271	186	11	monetary	monetary	ADJ
esutjss-271	186	12	policy	policy	NOUN
esutjss-271	186	13	on	on	ADP
esutjss-271	186	14	the	the	DET
esutjss-271	186	15	nigerian	nigerian	ADJ
esutjss-271	186	16	stock	stock	NOUN
esutjss-271	186	17	market	market	NOUN
esutjss-271	186	18	:	:	PUNCT
esutjss-271	186	19	a	a	DET
esutjss-271	186	20	smooth	smooth	ADJ
esutjss-271	186	21	transition	transition	NOUN
esutjss-271	186	22	autoregressive	autoregressive	ADJ
esutjss-271	186	23	approach	approach	NOUN
esutjss-271	186	24	,	,	PUNCT
esutjss-271	186	25	cbn	cbn	PROPN
esutjss-271	186	26	journal	journal	NOUN
esutjss-271	186	27	of	of	ADP
esutjss-271	186	28	applied	applied	ADJ
esutjss-271	186	29	statistics	statistic	NOUN
esutjss-271	186	30	,	,	PUNCT
esutjss-271	186	31	12(1	12(1	NUM
esutjss-271	186	32	)	)	PUNCT
esutjss-271	186	33	,	,	PUNCT
esutjss-271	186	34	1	1	NUM
esutjss-271	186	35	-	-	SYM
esutjss-271	186	36	21	21	NUM
esutjss-271	186	37	bansal	bansal	NOUN
esutjss-271	186	38	,	,	PUNCT
esutjss-271	186	39	g.	g.	PROPN
esutjss-271	186	40	,	,	PUNCT
esutjss-271	186	41	hasija	hasija	NOUN
esutjss-271	186	42	,	,	PUNCT
esutjss-271	186	43	v.	v.	ADP
esutjss-271	186	44	,	,	PUNCT
esutjss-271	186	45	chamola	chamola	INTJ
esutjss-271	186	46	,	,	PUNCT
esutjss-271	186	47	v.	v.	PROPN
esutjss-271	186	48	,	,	PUNCT
esutjss-271	186	49	kumar	kumar	PROPN
esutjss-271	186	50	,	,	PUNCT
esutjss-271	186	51	n.	n.	NOUN
esutjss-271	186	52	,	,	PUNCT
esutjss-271	186	53	&	&	CCONJ
esutjss-271	186	54	guizani	guizani	PROPN
esutjss-271	186	55	,	,	PUNCT
esutjss-271	186	56	m.	m.	NOUN
esutjss-271	186	57	(	(	PUNCT
esutjss-271	186	58	2019	2019	NUM
esutjss-271	186	59	)	)	PUNCT
esutjss-271	186	60	.	.	PUNCT
esutjss-271	187	1	smart	smart	ADJ
esutjss-271	187	2	stock	stock	PROPN
esutjss-271	187	3	exchange	exchange	NOUN
esutjss-271	187	4	market	market	NOUN
esutjss-271	187	5	:	:	PUNCT
esutjss-271	187	6	a	a	DET
esutjss-271	187	7	secure	secure	ADJ
esutjss-271	187	8	predictive	predictive	ADJ
esutjss-271	187	9	decentralized	decentralize	VERB
esutjss-271	187	10	model	model	NOUN
esutjss-271	187	11	.	.	PUNCT
esutjss-271	188	1	in	in	ADP
esutjss-271	188	2	2019	2019	NUM
esutjss-271	188	3	ieee	ieee	NOUN
esutjss-271	188	4	global	global	PROPN
esutjss-271	188	5	communications	communications	PROPN
esutjss-271	188	6	conference	conference	NOUN
esutjss-271	188	7	(	(	PUNCT
esutjss-271	188	8	globecom	globecom	PROPN
esutjss-271	188	9	)	)	PUNCT
esutjss-271	188	10	(	(	PUNCT
esutjss-271	188	11	pp	pp	X
esutjss-271	188	12	.	.	PUNCT
esutjss-271	189	1	1	1	NUM
esutjss-271	189	2	-	-	SYM
esutjss-271	189	3	6	6	NUM
esutjss-271	189	4	)	)	PUNCT
esutjss-271	189	5	.	.	PUNCT
esutjss-271	190	1	ieee	ieee	NOUN
esutjss-271	190	2	.	.	PUNCT
esutjss-271	190	3	biala	biala	PROPN
esutjss-271	190	4	,	,	PUNCT
esutjss-271	190	5	i.	i.	PROPN
esutjss-271	190	6	m.	m.	PROPN
esutjss-271	190	7	&	&	CCONJ
esutjss-271	190	8	oladejo	oladejo	PROPN
esutjss-271	190	9	,	,	PUNCT
esutjss-271	190	10	m.	m.	PROPN
esutjss-271	190	11	i.	i.	PROPN
esutjss-271	190	12	b.	b.	PROPN
esutjss-271	190	13	(	(	PUNCT
esutjss-271	190	14	2022	2022	NUM
esutjss-271	190	15	)	)	PUNCT
esutjss-271	190	16	.	.	PUNCT
esutjss-271	191	1	on	on	ADP
esutjss-271	191	2	the	the	DET
esutjss-271	191	3	nexus	nexus	NOUN
esutjss-271	191	4	between	between	ADP
esutjss-271	191	5	exchange	exchange	NOUN
esutjss-271	191	6	rate	rate	NOUN
esutjss-271	191	7	and	and	CCONJ
esutjss-271	191	8	stock	stock	NOUN
esutjss-271	191	9	price	price	NOUN
esutjss-271	191	10	in	in	ADP
esutjss-271	191	11	nigeria	nigeria	PROPN
esutjss-271	191	12	.	.	PUNCT
esutjss-271	192	1	ideas.repec.org	ideas.repec.org	PROPN
esutjss-271	192	2	.	.	PUNCT
esutjss-271	193	1	retrieved	retrieve	VERB
esutjss-271	193	2	from	from	ADP
esutjss-271	193	3	https://ideas.repec.org/a/ers/ijfirm/v12y2022i1p80-99.html	https://ideas.repec.org/a/ers/ijfirm/v12y2022i1p80-99.html	PROPN
esutjss-271	193	4	bulgurcu	bulgurcu	NOUN
esutjss-271	193	5	,	,	PUNCT
esutjss-271	193	6	b.	b.	PROPN
esutjss-271	193	7	k.	k.	PROPN
esutjss-271	193	8	(	(	PUNCT
esutjss-271	193	9	2019	2019	NUM
esutjss-271	193	10	)	)	PUNCT
esutjss-271	193	11	.	.	PUNCT
esutjss-271	194	1	application	application	NOUN
esutjss-271	194	2	of	of	ADP
esutjss-271	194	3	topsis	topsis	NOUN
esutjss-271	194	4	technique	technique	NOUN
esutjss-271	194	5	for	for	ADP
esutjss-271	194	6	financial	financial	ADJ
esutjss-271	194	7	performance	performance	NOUN
esutjss-271	194	8	evaluation	evaluation	NOUN
esutjss-271	194	9	of	of	ADP
esutjss-271	194	10	technology	technology	NOUN
esutjss-271	194	11	firms	firm	NOUN
esutjss-271	194	12	in	in	ADP
esutjss-271	194	13	istanbul	istanbul	PROPN
esutjss-271	194	14	stock	stock	PROPN
esutjss-271	194	15	exchange	exchange	PROPN
esutjss-271	194	16	market	market	NOUN
esutjss-271	194	17	.	.	PUNCT
esutjss-271	195	1	procedia	procedia	NOUN
esutjss-271	195	2	-	-	PUNCT
esutjss-271	195	3	social	social	ADJ
esutjss-271	195	4	and	and	CCONJ
esutjss-271	195	5	behavioral	behavioral	ADJ
esutjss-271	195	6	sciences	science	NOUN
esutjss-271	195	7	,	,	PUNCT
esutjss-271	195	8	62	62	NUM
esutjss-271	195	9	,	,	PUNCT
esutjss-271	195	10	1033	1033	NUM
esutjss-271	195	11	-	-	SYM
esutjss-271	195	12	1040	1040	NUM
esutjss-271	195	13	.	.	PUNCT
esutjss-271	196	1	cbn	cbn	PROPN
esutjss-271	196	2	(	(	PUNCT
esutjss-271	196	3	2006	2006	NUM
esutjss-271	196	4	)	)	PUNCT
esutjss-271	196	5	monetary	monetary	ADJ
esutjss-271	196	6	policy	policy	NOUN
esutjss-271	196	7	series	series	NOUN
esutjss-271	196	8	,	,	PUNCT
esutjss-271	196	9	cbn	cbn	PROPN
esutjss-271	196	10	/	/	SYM
esutjss-271	196	11	mpd	mpd	PROPN
esutjss-271	196	12	/	/	SYM
esutjss-271	196	13	series/01/2006	series/01/2006	ADJ
esutjss-271	196	14	chude	chude	NOUN
esutjss-271	196	15	,	,	PUNCT
esutjss-271	196	16	n.	n.	PROPN
esutjss-271	196	17	p.	p.	PROPN
esutjss-271	196	18	,	,	PUNCT
esutjss-271	196	19	&	&	CCONJ
esutjss-271	196	20	chude	chude	PROPN
esutjss-271	196	21	,	,	PUNCT
esutjss-271	196	22	d.	d.	PROPN
esutjss-271	196	23	i.	i.	PROPN
esutjss-271	196	24	(	(	PUNCT
esutjss-271	196	25	2013	2013	NUM
esutjss-271	196	26	)	)	PUNCT
esutjss-271	196	27	.	.	PUNCT
esutjss-271	197	1	effect	effect	NOUN
esutjss-271	197	2	of	of	ADP
esutjss-271	197	3	money	money	NOUN
esutjss-271	197	4	supply	supply	NOUN
esutjss-271	197	5	on	on	ADP
esutjss-271	197	6	the	the	DET
esutjss-271	197	7	stock	stock	NOUN
esutjss-271	197	8	market	market	NOUN
esutjss-271	197	9	returns	return	NOUN
esutjss-271	197	10	in	in	ADP
esutjss-271	197	11	nigeria	nigeria	PROPN
esutjss-271	197	12	.	.	PUNCT
esutjss-271	198	1	journal	journal	PROPN
esutjss-271	198	2	of	of	ADP
esutjss-271	198	3	business	business	NOUN
esutjss-271	198	4	and	and	CCONJ
esutjss-271	198	5	organizational	organizational	ADJ
esutjss-271	198	6	development	development	NOUN
esutjss-271	198	7	,	,	PUNCT
esutjss-271	198	8	5(2	5(2	NUM
esutjss-271	198	9	)	)	PUNCT
esutjss-271	198	10	,	,	PUNCT
esutjss-271	198	11	135	135	NUM
esutjss-271	198	12	-	-	SYM
esutjss-271	198	13	150	150	NUM
esutjss-271	198	14	.	.	PUNCT
esutjss-271	199	1	engle	engle	PROPN
esutjss-271	199	2	,	,	PUNCT
esutjss-271	199	3	r.	r.	PROPN
esutjss-271	199	4	&	&	CCONJ
esutjss-271	199	5	yoo	yoo	PROPN
esutjss-271	199	6	,	,	PUNCT
esutjss-271	199	7	b.s.(1987	b.s.(1987	NOUN
esutjss-271	199	8	)	)	PUNCT
esutjss-271	199	9	forecasting	forecasting	NOUN
esutjss-271	199	10	and	and	CCONJ
esutjss-271	199	11	testing	testing	NOUN
esutjss-271	199	12	in	in	ADP
esutjss-271	199	13	a	a	DET
esutjss-271	199	14	co	co	ADJ
esutjss-271	199	15	-	-	ADJ
esutjss-271	199	16	integrated	integrate	VERB
esutjss-271	199	17	systems	system	NOUN
esutjss-271	199	18	.	.	PUNCT
esutjss-271	200	1	journal	journal	PROPN
esutjss-271	200	2	of	of	ADP
esutjss-271	200	3	econometrics	econometric	NOUN
esutjss-271	200	4	,	,	PUNCT
esutjss-271	200	5	35(1	35(1	NUM
esutjss-271	200	6	)	)	PUNCT
esutjss-271	200	7	,	,	PUNCT
esutjss-271	200	8	143	143	NUM
esutjss-271	200	9	-	-	SYM
esutjss-271	200	10	159	159	NUM
esutjss-271	200	11	ezeike	ezeike	NOUN
esutjss-271	200	12	,	,	PUNCT
esutjss-271	200	13	e.t.(2002	e.t.(2002	NOUN
esutjss-271	200	14	)	)	PUNCT
esutjss-271	200	15	essentials	essential	NOUN
esutjss-271	200	16	of	of	ADP
esutjss-271	200	17	corporate	corporate	ADJ
esutjss-271	200	18	financial	financial	ADJ
esutjss-271	200	19	management	management	NOUN
esutjss-271	200	20	.	.	PUNCT
esutjss-271	201	1	lagos	lago	NOUN
esutjss-271	201	2	:	:	PUNCT
esutjss-271	201	3	jaylycent	jaylycent	NOUN
esutjss-271	201	4	communications	communication	NOUN
esutjss-271	201	5	.	.	PUNCT
esutjss-271	202	1	fasanya	fasanya	ADJ
esutjss-271	202	2	,	,	PUNCT
esutjss-271	202	3	i.	i.	PROPN
esutjss-271	202	4	o.	o.	PROPN
esutjss-271	202	5	,	,	PUNCT
esutjss-271	202	6	&	&	CCONJ
esutjss-271	202	7	akinde	akinde	VERB
esutjss-271	202	8	,	,	PUNCT
esutjss-271	202	9	m.	m.	NOUN
esutjss-271	202	10	a.	a.	NOUN
esutjss-271	202	11	(	(	PUNCT
esutjss-271	202	12	2019	2019	NUM
esutjss-271	202	13	)	)	PUNCT
esutjss-271	202	14	.	.	PUNCT
esutjss-271	203	1	volatility	volatility	NOUN
esutjss-271	203	2	transmission	transmission	NOUN
esutjss-271	203	3	in	in	ADP
esutjss-271	203	4	the	the	DET
esutjss-271	203	5	nigerian	nigerian	ADJ
esutjss-271	203	6	financial	financial	ADJ
esutjss-271	203	7	market	market	NOUN
esutjss-271	203	8	.	.	PUNCT
esutjss-271	204	1	the	the	DET
esutjss-271	204	2	journal	journal	NOUN
esutjss-271	204	3	of	of	ADP
esutjss-271	204	4	finance	finance	NOUN
esutjss-271	204	5	and	and	CCONJ
esutjss-271	204	6	data	datum	NOUN
esutjss-271	204	7	science	science	NOUN
esutjss-271	204	8	,	,	PUNCT
esutjss-271	204	9	5(2	5(2	NUM
esutjss-271	204	10	)	)	PUNCT
esutjss-271	204	11	,	,	PUNCT
esutjss-271	204	12	99–115	99–115	PROPN
esutjss-271	204	13	.	.	PUNCT
esutjss-271	205	1	https://doi.org/10.1016/j.jfds.2019.01.003	https://doi.org/10.1016/j.jfds.2019.01.003	PROPN
esutjss-271	205	2	filardo	filardo	PROPN
esutjss-271	205	3	,	,	PUNCT
esutjss-271	205	4	a.	a.	PROPN
esutjss-271	205	5	,	,	PUNCT
esutjss-271	205	6	hubert	hubert	PROPN
esutjss-271	205	7	,	,	PUNCT
esutjss-271	205	8	p.	p.	PROPN
esutjss-271	205	9	,	,	PUNCT
esutjss-271	205	10	&	&	CCONJ
esutjss-271	205	11	rungcharoenkitkul	rungcharoenkitkul	VERB
esutjss-271	205	12	,	,	PUNCT
esutjss-271	205	13	p.	p.	NOUN
esutjss-271	205	14	(	(	PUNCT
esutjss-271	205	15	2022	2022	NUM
esutjss-271	205	16	)	)	PUNCT
esutjss-271	205	17	.	.	PUNCT
esutjss-271	206	1	monetary	monetary	ADJ
esutjss-271	206	2	policy	policy	NOUN
esutjss-271	206	3	reaction	reaction	NOUN
esutjss-271	206	4	function	function	NOUN
esutjss-271	206	5	and	and	CCONJ
esutjss-271	206	6	the	the	DET
esutjss-271	206	7	financial	financial	ADJ
esutjss-271	206	8	cycle	cycle	NOUN
esutjss-271	206	9	.	.	PUNCT
esutjss-271	207	1	journal	journal	NOUN
esutjss-271	207	2	of	of	ADP
esutjss-271	207	3	banking	banking	NOUN
esutjss-271	207	4	&	&	CCONJ
esutjss-271	207	5	finance	finance	PROPN
esutjss-271	207	6	,	,	PUNCT
esutjss-271	207	7	142	142	NUM
esutjss-271	207	8	,	,	PUNCT
esutjss-271	207	9	106536	106536	NUM
esutjss-271	207	10	.	.	PUNCT
esutjss-271	208	1	fmdq(2024	fmdq(2024	VERB
esutjss-271	208	2	)	)	PUNCT
esutjss-271	208	3	market	market	NOUN
esutjss-271	208	4	data	datum	NOUN
esutjss-271	208	5	/	/	SYM
esutjss-271	208	6	fmdq	fmdq	PROPN
esutjss-271	208	7	exchange	exchange	NOUN
esutjss-271	208	8	.	.	PUNCT
esutjss-271	209	1	fosback	fosback	NOUN
esutjss-271	209	2	,	,	PUNCT
esutjss-271	209	3	n.	n.	PROPN
esutjss-271	209	4	g.	g.	PROPN
esutjss-271	209	5	(	(	PUNCT
esutjss-271	209	6	2016	2016	NUM
esutjss-271	209	7	)	)	PUNCT
esutjss-271	209	8	.	.	PUNCT
esutjss-271	210	1	stock	stock	NOUN
esutjss-271	210	2	market	market	NOUN
esutjss-271	210	3	logic	logic	NOUN
esutjss-271	210	4	.	.	PUNCT
esutjss-271	211	1	vision	vision	NOUN
esutjss-271	211	2	books	book	NOUN
esutjss-271	211	3	.	.	PUNCT
esutjss-271	212	1	gallo	gallo	PROPN
esutjss-271	212	2	,	,	PUNCT
esutjss-271	212	3	l.	l.	PROPN
esutjss-271	212	4	(	(	PUNCT
esutjss-271	212	5	2021	2021	NUM
esutjss-271	212	6	)	)	PUNCT
esutjss-271	212	7	.	.	PUNCT
esutjss-271	213	1	efficient	efficient	ADJ
esutjss-271	213	2	market	market	NOUN
esutjss-271	213	3	hypothesis	hypothesis	NOUN
esutjss-271	213	4	and	and	CCONJ
esutjss-271	213	5	economic	economic	ADJ
esutjss-271	213	6	reforms	reform	NOUN
esutjss-271	213	7	in	in	ADP
esutjss-271	213	8	china	china	PROPN
esutjss-271	213	9	.	.	PUNCT
esutjss-271	214	1	scienceopen	scienceopen	PROPN
esutjss-271	214	2	preprints	preprint	NOUN
esutjss-271	214	3	.	.	PUNCT
esutjss-271	215	1	https://doi.org/10.1186/s40008-020-00226-0	https://doi.org/10.1186/s40008-020-00226-0	NUM
esutjss-271	216	1	https://ideas.repec.org/a/ers/ijfirm/v12y2022i1p80-99.html	https://ideas.repec.org/a/ers/ijfirm/v12y2022i1p80-99.html	PROPN
esutjss-271	216	2	https://doi.org/10.1016/j.jfds.2019.01.003	https://doi.org/10.1016/j.jfds.2019.01.003	NOUN
esutjss-271	216	3	129	129	NUM
esutjss-271	216	4	girardin	girardin	NOUN
esutjss-271	216	5	,	,	PUNCT
esutjss-271	216	6	e.	e.	PROPN
esutjss-271	216	7	,	,	PUNCT
esutjss-271	216	8	lunven	lunven	ADJ
esutjss-271	216	9	,	,	PUNCT
esutjss-271	216	10	s.	s.	PROPN
esutjss-271	216	11	,	,	PUNCT
esutjss-271	216	12	&	&	CCONJ
esutjss-271	216	13	ma	ma	PROPN
esutjss-271	216	14	,	,	PUNCT
esutjss-271	216	15	g.	g.	PROPN
esutjss-271	216	16	(	(	PUNCT
esutjss-271	216	17	2014	2014	NUM
esutjss-271	216	18	)	)	PUNCT
esutjss-271	216	19	.	.	PUNCT
esutjss-271	217	1	inflation	inflation	NOUN
esutjss-271	217	2	and	and	CCONJ
esutjss-271	217	3	china	china	PROPN
esutjss-271	217	4	’s	’s	PART
esutjss-271	217	5	monetary	monetary	ADJ
esutjss-271	217	6	policy	policy	NOUN
esutjss-271	217	7	reaction	reaction	NOUN
esutjss-271	217	8	function	function	NOUN
esutjss-271	217	9	:	:	PUNCT
esutjss-271	217	10	2002–2013	2002–2013	NUM
esutjss-271	217	11	.	.	PUNCT
esutjss-271	217	12	retrieved	retrieve	VERB
esutjss-271	217	13	from	from	ADP
esutjss-271	217	14	https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2474036	https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2474036	PROPN
esutjss-271	217	15	johansen	johansen	PROPN
esutjss-271	217	16	,	,	PUNCT
esutjss-271	217	17	s.	s.	PROPN
esutjss-271	217	18	&	&	CCONJ
esutjss-271	217	19	juselius	juselius	PROPN
esutjss-271	217	20	,	,	PUNCT
esutjss-271	217	21	k.(1990	k.(1990	PROPN
esutjss-271	217	22	)	)	PUNCT
esutjss-271	217	23	maximum	maximum	ADJ
esutjss-271	217	24	likelihood	likelihood	NOUN
esutjss-271	217	25	estimation	estimation	NOUN
esutjss-271	217	26	and	and	CCONJ
esutjss-271	217	27	inference	inference	NOUN
esutjss-271	217	28	on	on	ADP
esutjss-271	217	29	cointegration	cointegration	NOUN
esutjss-271	217	30	with	with	ADP
esutjss-271	217	31	applications	application	NOUN
esutjss-271	217	32	to	to	ADP
esutjss-271	217	33	the	the	DET
esutjss-271	217	34	demand	demand	NOUN
esutjss-271	217	35	for	for	ADP
esutjss-271	217	36	money	money	NOUN
esutjss-271	217	37	.	.	PUNCT
esutjss-271	218	1	oxford	oxford	ADJ
esutjss-271	218	2	bulletin	bulletin	NOUN
esutjss-271	218	3	of	of	ADP
esutjss-271	218	4	economics	economic	NOUN
esutjss-271	218	5	and	and	CCONJ
esutjss-271	218	6	staistics	staistic	NOUN
esutjss-271	218	7	52	52	NUM
esutjss-271	218	8	,	,	PUNCT
esutjss-271	218	9	169	169	NUM
esutjss-271	218	10	-	-	SYM
esutjss-271	218	11	210	210	NUM
esutjss-271	218	12	jovanovic	jovanovic	PROPN
esutjss-271	218	13	,	,	PUNCT
esutjss-271	218	14	f.	f.	PROPN
esutjss-271	218	15	,	,	PUNCT
esutjss-271	218	16	andreadakis	andreadakis	PROPN
esutjss-271	218	17	,	,	PUNCT
esutjss-271	218	18	s.	s.	PROPN
esutjss-271	218	19	,	,	PUNCT
esutjss-271	218	20	&	&	CCONJ
esutjss-271	218	21	schinckus	schinckus	PROPN
esutjss-271	218	22	,	,	PUNCT
esutjss-271	218	23	c.	c.	PROPN
esutjss-271	218	24	(	(	PUNCT
esutjss-271	218	25	2016	2016	NUM
esutjss-271	218	26	)	)	PUNCT
esutjss-271	218	27	.	.	PUNCT
esutjss-271	219	1	efficient	efficient	ADJ
esutjss-271	219	2	market	market	NOUN
esutjss-271	219	3	hypothesis	hypothesis	NOUN
esutjss-271	219	4	and	and	CCONJ
esutjss-271	219	5	fraud	fraud	NOUN
esutjss-271	219	6	on	on	ADP
esutjss-271	219	7	the	the	DET
esutjss-271	219	8	market	market	NOUN
esutjss-271	219	9	theory	theory	NOUN
esutjss-271	219	10	a	a	DET
esutjss-271	219	11	new	new	ADJ
esutjss-271	219	12	perspective	perspective	NOUN
esutjss-271	219	13	for	for	ADP
esutjss-271	219	14	class	class	NOUN
esutjss-271	219	15	actions	action	NOUN
esutjss-271	219	16	.	.	PUNCT
esutjss-271	220	1	research	research	NOUN
esutjss-271	220	2	in	in	ADP
esutjss-271	220	3	international	international	ADJ
esutjss-271	220	4	business	business	NOUN
esutjss-271	220	5	and	and	CCONJ
esutjss-271	220	6	finance	finance	NOUN
esutjss-271	220	7	,	,	PUNCT
esutjss-271	220	8	38	38	NUM
esutjss-271	220	9	,	,	PUNCT
esutjss-271	220	10	177	177	NUM
esutjss-271	220	11	-	-	SYM
esutjss-271	220	12	190	190	NUM
esutjss-271	220	13	.	.	PUNCT
esutjss-271	221	1	kadiri	kadiri	PROPN
esutjss-271	221	2	,	,	PUNCT
esutjss-271	221	3	j.	j.	PROPN
esutjss-271	221	4	(	(	PUNCT
esutjss-271	221	5	2024	2024	NUM
esutjss-271	221	6	)	)	PUNCT
esutjss-271	221	7	.	.	PUNCT
esutjss-271	222	1	nigerian	nigerian	PROPN
esutjss-271	222	2	exchange	exchange	PROPN
esutjss-271	222	3	hits	hit	VERB
esutjss-271	222	4	new	new	ADJ
esutjss-271	222	5	heights	height	NOUN
esutjss-271	222	6	with	with	ADP
esutjss-271	222	7	n3.968	n3.968	PROPN
esutjss-271	222	8	trillion	trillion	NUM
esutjss-271	222	9	in	in	ADP
esutjss-271	222	10	trading	trading	NOUN
esutjss-271	222	11	volume	volume	NOUN
esutjss-271	222	12	in	in	ADP
esutjss-271	222	13	2024	2024	NUM
esutjss-271	222	14	nigerian	nigerian	ADJ
esutjss-271	222	15	exchange	exchange	NOUN
esutjss-271	222	16	group	group	NOUN
esutjss-271	222	17	.	.	PUNCT
esutjss-271	223	1	retrieved	retrieve	VERB
esutjss-271	223	2	from	from	ADP
esutjss-271	223	3	https://ngxgroup.com/nigerianexchange-hits-new-heights-with-n3-968-trillion-in-trading-volume-in-2024/	https://ngxgroup.com/nigerianexchange-hits-new-heights-with-n3-968-trillion-in-trading-volume-in-2024/	NOUN
esutjss-271	223	4	krušković	krušković	NOUN
esutjss-271	223	5	,	,	PUNCT
esutjss-271	223	6	b.	b.	PROPN
esutjss-271	223	7	d.	d.	PROPN
esutjss-271	223	8	(	(	PUNCT
esutjss-271	223	9	2017	2017	NUM
esutjss-271	223	10	)	)	PUNCT
esutjss-271	223	11	.	.	PUNCT
esutjss-271	224	1	exchange	exchange	NOUN
esutjss-271	224	2	rate	rate	NOUN
esutjss-271	224	3	and	and	CCONJ
esutjss-271	224	4	interest	interest	NOUN
esutjss-271	224	5	rate	rate	NOUN
esutjss-271	224	6	in	in	ADP
esutjss-271	224	7	the	the	DET
esutjss-271	224	8	monetary	monetary	ADJ
esutjss-271	224	9	policy	policy	NOUN
esutjss-271	224	10	reaction	reaction	NOUN
esutjss-271	224	11	function	function	NOUN
esutjss-271	224	12	.	.	PUNCT
esutjss-271	225	1	journal	journal	NOUN
esutjss-271	225	2	of	of	ADP
esutjss-271	225	3	central	central	ADJ
esutjss-271	225	4	banking	banking	NOUN
esutjss-271	225	5	theory	theory	NOUN
esutjss-271	225	6	and	and	CCONJ
esutjss-271	225	7	practice	practice	NOUN
esutjss-271	225	8	,	,	PUNCT
esutjss-271	225	9	6(1	6(1	NUM
esutjss-271	225	10	)	)	PUNCT
esutjss-271	225	11	,	,	PUNCT
esutjss-271	225	12	55	55	NUM
esutjss-271	225	13	-	-	SYM
esutjss-271	225	14	86	86	NUM
esutjss-271	225	15	.	.	PUNCT
esutjss-271	226	1	massimiliano	massimiliano	PROPN
esutjss-271	226	2	,	,	PUNCT
esutjss-271	226	3	d.	d.	PROPN
esutjss-271	226	4	t.	t.	PROPN
esutjss-271	226	5	(	(	PUNCT
esutjss-271	226	6	2022	2022	NUM
esutjss-271	226	7	)	)	PUNCT
esutjss-271	226	8	.	.	PUNCT
esutjss-271	227	1	the	the	DET
esutjss-271	227	2	effect	effect	NOUN
esutjss-271	227	3	of	of	ADP
esutjss-271	227	4	the	the	DET
esutjss-271	227	5	asymmetric	asymmetric	ADJ
esutjss-271	227	6	information	information	NOUN
esutjss-271	227	7	on	on	ADP
esutjss-271	227	8	the	the	DET
esutjss-271	227	9	asset	asset	NOUN
esutjss-271	227	10	’s	’s	PART
esutjss-271	227	11	price	price	NOUN
esutjss-271	227	12	and	and	CCONJ
esutjss-271	227	13	the	the	DET
esutjss-271	227	14	strong	strong	ADJ
esutjss-271	227	15	efficient	efficient	ADJ
esutjss-271	227	16	market	market	NOUN
esutjss-271	227	17	hypothesis	hypothesis	NOUN
esutjss-271	227	18	.	.	PUNCT
esutjss-271	228	1	retrieved	retrieve	VERB
esutjss-271	228	2	from	from	ADP
esutjss-271	228	3	https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4267172	https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4267172	PROPN
esutjss-271	228	4	mishra	mishra	PROPN
esutjss-271	228	5	,	,	PUNCT
esutjss-271	228	6	p.	p.	PROPN
esutjss-271	228	7	,	,	PUNCT
esutjss-271	228	8	montiel	montiel	PROPN
esutjss-271	228	9	,	,	PUNCT
esutjss-271	228	10	p.	p.	PROPN
esutjss-271	228	11	j.	j.	PROPN
esutjss-271	228	12	,	,	PUNCT
esutjss-271	228	13	&	&	CCONJ
esutjss-271	228	14	spilimbergo	spilimbergo	PROPN
esutjss-271	228	15	,	,	PUNCT
esutjss-271	228	16	a.	a.	NOUN
esutjss-271	228	17	(	(	PUNCT
esutjss-271	228	18	2012	2012	NUM
esutjss-271	228	19	)	)	PUNCT
esutjss-271	228	20	.	.	PUNCT
esutjss-271	229	1	monetary	monetary	ADJ
esutjss-271	229	2	transmission	transmission	NOUN
esutjss-271	229	3	in	in	ADP
esutjss-271	229	4	low	low	ADJ
esutjss-271	229	5	-	-	PUNCT
esutjss-271	229	6	income	income	NOUN
esutjss-271	229	7	countries	country	NOUN
esutjss-271	229	8	:	:	PUNCT
esutjss-271	229	9	effectiveness	effectiveness	NOUN
esutjss-271	229	10	and	and	CCONJ
esutjss-271	229	11	policy	policy	NOUN
esutjss-271	229	12	implications	implication	NOUN
esutjss-271	229	13	.	.	PUNCT
esutjss-271	230	1	imf	imf	PROPN
esutjss-271	230	2	economic	economic	PROPN
esutjss-271	230	3	review	review	PROPN
esutjss-271	230	4	,	,	PUNCT
esutjss-271	230	5	60(2	60(2	NUM
esutjss-271	230	6	)	)	PUNCT
esutjss-271	230	7	,	,	PUNCT
esutjss-271	230	8	270302	270302	NUM
esutjss-271	230	9	.	.	PUNCT
esutjss-271	231	1	mudi	mudi	PROPN
esutjss-271	231	2	,	,	PUNCT
esutjss-271	231	3	s.	s.	PROPN
esutjss-271	231	4	(	(	PUNCT
esutjss-271	231	5	2018	2018	NUM
esutjss-271	231	6	)	)	PUNCT
esutjss-271	231	7	.	.	PUNCT
esutjss-271	232	1	monetary	monetary	ADJ
esutjss-271	232	2	policy	policy	NOUN
esutjss-271	232	3	reaction	reaction	NOUN
esutjss-271	232	4	function	function	NOUN
esutjss-271	232	5	of	of	ADP
esutjss-271	232	6	the	the	DET
esutjss-271	232	7	central	central	ADJ
esutjss-271	232	8	bank	bank	PROPN
esutjss-271	232	9	of	of	ADP
esutjss-271	232	10	nigeria	nigeria	PROPN
esutjss-271	232	11	:	:	PUNCT
esutjss-271	232	12	a	a	DET
esutjss-271	232	13	nonlinear	nonlinear	ADJ
esutjss-271	232	14	approach	approach	NOUN
esutjss-271	232	15	(	(	PUNCT
esutjss-271	232	16	doctoral	doctoral	ADJ
esutjss-271	232	17	dissertation	dissertation	NOUN
esutjss-271	232	18	,	,	PUNCT
esutjss-271	232	19	ahmadu	ahmadu	PROPN
esutjss-271	232	20	bello	bello	PROPN
esutjss-271	232	21	university	university	PROPN
esutjss-271	232	22	,	,	PUNCT
esutjss-271	232	23	zaria	zaria	PROPN
esutjss-271	232	24	)	)	PUNCT
esutjss-271	232	25	.	.	PUNCT
esutjss-271	233	1	nesg	nesg	PROPN
esutjss-271	233	2	(	(	PUNCT
esutjss-271	233	3	2024	2024	NUM
esutjss-271	233	4	)	)	PUNCT
esutjss-271	233	5	state	state	NOUN
esutjss-271	233	6	of	of	ADP
esutjss-271	233	7	the	the	DET
esutjss-271	233	8	nigerian	nigerian	ADJ
esutjss-271	233	9	economy	economy	NOUN
esutjss-271	233	10	in	in	ADP
esutjss-271	233	11	h1	h1	PROPN
esutjss-271	233	12	-	-	PUNCT
esutjss-271	233	13	2024	2024	NUM
esutjss-271	233	14	:	:	PUNCT
esutjss-271	233	15	economy	economy	NOUN
esutjss-271	233	16	in	in	ADP
esutjss-271	233	17	h1	h1	PROPN
esutjss-271	233	18	:	:	PUNCT
esutjss-271	233	19	review	review	NOUN
esutjss-271	233	20	and	and	CCONJ
esutjss-271	233	21	medium	medium	ADJ
esutjss-271	233	22	–	–	PUNCT
esutjss-271	233	23	term	term	NOUN
esutjss-271	233	24	outlook	outlook	NOUN
esutjss-271	233	25	.	.	PUNCT
esutjss-271	234	1	the	the	DET
esutjss-271	234	2	nigerian	nigerian	ADJ
esutjss-271	234	3	economic	economic	ADJ
esutjss-271	234	4	summit	summit	NOUN
esutjss-271	234	5	group	group	NOUN
esutjss-271	234	6	,	,	PUNCT
esutjss-271	234	7	september	september	PROPN
esutjss-271	234	8	2024	2024	NUM
esutjss-271	234	9	nwude	nwude	NOUN
esutjss-271	234	10	,	,	PUNCT
esutjss-271	234	11	e.c	e.c	PROPN
esutjss-271	234	12	.	.	PROPN
esutjss-271	234	13	(	(	PUNCT
esutjss-271	234	14	2018	2018	NUM
esutjss-271	234	15	)	)	PUNCT
esutjss-271	234	16	principles	principle	NOUN
esutjss-271	234	17	of	of	ADP
esutjss-271	234	18	corporate	corporate	ADJ
esutjss-271	234	19	financial	financial	ADJ
esutjss-271	234	20	management	management	NOUN
esutjss-271	234	21	.	.	PUNCT
esutjss-271	235	1	enugu	enugu	PROPN
esutjss-271	235	2	:	:	PUNCT
esutjss-271	235	3	el	el	PROPN
esutjss-271	235	4	‘	'	PUNCT
esutjss-271	235	5	demak	demak	ADJ
esutjss-271	235	6	publishers	publisher	NOUN
esutjss-271	235	7	peseran	peseran	VERB
esutjss-271	235	8	,	,	PUNCT
esutjss-271	235	9	m.h	m.h	PROPN
esutjss-271	235	10	;	;	PUNCT
esutjss-271	235	11	shin	shin	PROPN
esutjss-271	235	12	,	,	PUNCT
esutjss-271	235	13	y.	y.	PROPN
esutjss-271	235	14	&	&	CCONJ
esutjss-271	235	15	smith	smith	PROPN
esutjss-271	235	16	,	,	PUNCT
esutjss-271	235	17	r.j	r.j	PROPN
esutjss-271	235	18	.	.	PROPN
esutjss-271	236	1	(	(	PUNCT
esutjss-271	236	2	2001	2001	NUM
esutjss-271	236	3	)	)	PUNCT
esutjss-271	236	4	bounds	bound	VERB
esutjss-271	236	5	testing	test	VERB
esutjss-271	236	6	approaches	approach	NOUN
esutjss-271	236	7	to	to	ADP
esutjss-271	236	8	the	the	DET
esutjss-271	236	9	analysis	analysis	NOUN
esutjss-271	236	10	of	of	ADP
esutjss-271	236	11	level	level	NOUN
esutjss-271	236	12	relationships	relationship	NOUN
esutjss-271	236	13	.	.	PUNCT
esutjss-271	237	1	journal	journal	NOUN
esutjss-271	237	2	of	of	ADP
esutjss-271	237	3	applied	applied	ADJ
esutjss-271	237	4	econometrics	econometric	NOUN
esutjss-271	237	5	,	,	PUNCT
esutjss-271	237	6	16(3	16(3	NOUN
esutjss-271	237	7	)	)	PUNCT
esutjss-271	237	8	,	,	PUNCT
esutjss-271	237	9	289	289	NUM
esutjss-271	237	10	-	-	SYM
esutjss-271	237	11	326	326	NUM
esutjss-271	237	12	,	,	PUNCT
esutjss-271	237	13	doi	doi	NOUN
esutjss-271	237	14	:	:	PUNCT
esutjss-271	237	15	10	10	NUM
esutjss-271	237	16	.	.	PUNCT
esutjss-271	238	1	1002	1002	NUM
esutjss-271	238	2	/	/	SYM
esutjss-271	238	3	jae.616.cam.5093	jae.616.cam.5093	PROPN
esutjss-271	238	4	phillis	phillis	PROPN
esutjss-271	238	5	,	,	PUNCT
esutjss-271	238	6	p.	p.	PROPN
esutjss-271	238	7	&	&	CCONJ
esutjss-271	238	8	hassen	hassen	PROPN
esutjss-271	238	9	,	,	PUNCT
esutjss-271	238	10	b.(1990	b.(1990	NOUN
esutjss-271	238	11	)	)	PUNCT
esutjss-271	238	12	statistical	statistical	ADJ
esutjss-271	238	13	inference	inference	NOUN
esutjss-271	238	14	in	in	ADP
esutjss-271	238	15	instrumental	instrumental	ADJ
esutjss-271	238	16	variables	variable	NOUN
esutjss-271	238	17	regression	regression	VERB
esutjss-271	238	18	with	with	ADP
esutjss-271	238	19	i(1	i(1	PROPN
esutjss-271	238	20	)	)	PUNCT
esutjss-271	238	21	processes	process	NOUN
esutjss-271	238	22	.	.	PUNCT
esutjss-271	239	1	review	review	NOUN
esutjss-271	239	2	of	of	ADP
esutjss-271	239	3	economic	economic	ADJ
esutjss-271	239	4	studies	study	NOUN
esutjss-271	239	5	,	,	PUNCT
esutjss-271	239	6	57	57	NUM
esutjss-271	239	7	,	,	PUNCT
esutjss-271	239	8	99	99	NUM
esutjss-271	239	9	-	-	SYM
esutjss-271	239	10	125	125	NUM
esutjss-271	239	11	,	,	PUNCT
esutjss-271	239	12	https://	https://	PROPN
esutjss-271	239	13	dx.doi.org/10.2307/2297545	dx.doi.org/10.2307/2297545	NOUN
esutjss-271	239	14	prabakaran	prabakaran	PROPN
esutjss-271	239	15	,	,	PUNCT
esutjss-271	239	16	v.	v.	PROPN
esutjss-271	239	17	,	,	PUNCT
esutjss-271	239	18	&	&	CCONJ
esutjss-271	239	19	krishnaveni	krishnaveni	PROPN
esutjss-271	239	20	,	,	PUNCT
esutjss-271	239	21	p.	p.	NOUN
esutjss-271	239	22	(	(	PUNCT
esutjss-271	239	23	2016	2016	NUM
esutjss-271	239	24	)	)	PUNCT
esutjss-271	239	25	.	.	PUNCT
esutjss-271	240	1	dow	dow	PROPN
esutjss-271	240	2	theory	theory	NOUN
esutjss-271	240	3	in	in	ADP
esutjss-271	240	4	assessing	assess	VERB
esutjss-271	240	5	equity	equity	NOUN
esutjss-271	240	6	share	share	NOUN
esutjss-271	240	7	price	price	NOUN
esutjss-271	240	8	movement	movement	NOUN
esutjss-271	240	9	.	.	PUNCT
esutjss-271	241	1	asian	asian	ADJ
esutjss-271	241	2	journal	journal	PROPN
esutjss-271	241	3	of	of	ADP
esutjss-271	241	4	research	research	NOUN
esutjss-271	241	5	in	in	ADP
esutjss-271	241	6	social	social	ADJ
esutjss-271	241	7	sciences	science	NOUN
esutjss-271	241	8	and	and	CCONJ
esutjss-271	241	9	humanities	humanity	NOUN
esutjss-271	241	10	,	,	PUNCT
esutjss-271	241	11	6(10	6(10	NUM
esutjss-271	241	12	)	)	PUNCT
esutjss-271	241	13	,	,	PUNCT
esutjss-271	241	14	13261336	13261336	NUM
esutjss-271	241	15	.	.	PUNCT
esutjss-271	242	1	rashid	rashid	PROPN
esutjss-271	242	2	,	,	PUNCT
esutjss-271	242	3	a.	a.	PROPN
esutjss-271	242	4	,	,	PUNCT
esutjss-271	242	5	jehan	jehan	PROPN
esutjss-271	242	6	,	,	PUNCT
esutjss-271	242	7	z.	z.	PROPN
esutjss-271	242	8	,	,	PUNCT
esutjss-271	242	9	&	&	CCONJ
esutjss-271	242	10	kanval	kanval	PROPN
esutjss-271	242	11	,	,	PUNCT
esutjss-271	242	12	n.	n.	PROPN
esutjss-271	242	13	(	(	PUNCT
esutjss-271	242	14	2023	2023	NUM
esutjss-271	242	15	)	)	PUNCT
esutjss-271	242	16	.	.	PUNCT
esutjss-271	243	1	external	external	ADJ
esutjss-271	243	2	shocks	shock	NOUN
esutjss-271	243	3	,	,	PUNCT
esutjss-271	243	4	stock	stock	NOUN
esutjss-271	243	5	market	market	NOUN
esutjss-271	243	6	volatility	volatility	NOUN
esutjss-271	243	7	,	,	PUNCT
esutjss-271	243	8	and	and	CCONJ
esutjss-271	243	9	macroeconomic	macroeconomic	ADJ
esutjss-271	243	10	performance	performance	NOUN
esutjss-271	243	11	:	:	PUNCT
esutjss-271	243	12	an	an	DET
esutjss-271	243	13	empirical	empirical	ADJ
esutjss-271	243	14	evidence	evidence	NOUN
esutjss-271	243	15	from	from	ADP
esutjss-271	243	16	pakistan	pakistan	PROPN
esutjss-271	243	17	.	.	PUNCT
esutjss-271	244	1	|	|	ADV
esutjss-271	244	2	ebscohost	ebscohost	NOUN
esutjss-271	244	3	.	.	PUNCT
esutjss-271	244	4	retrieved	retrieve	VERB
esutjss-271	244	5	from	from	ADP
esutjss-271	244	6	https://openurl.ebsco.com/epdb%3agcd%3a2%3a4643234/detailv2?sid=ebsco%3	https://openurl.ebsco.com/epdb%3agcd%3a2%3a4643234/detailv2?sid=ebsco%3	ADV
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esutjss-271	244	8	=	=	SYM
esutjss-271	244	9	ebsco%3agcd%3a173379228&crl	ebsco%3agcd%3a173379228&crl	NOUN
esutjss-271	244	10	=	=	NOUN
esutjss-271	244	11	c&link_origin	c&link_origin	NOUN
esutjss-271	244	12	=	=	NOUN
esutjss-271	244	13	scholar.g	scholar.g	NOUN
esutjss-271	244	14	oogle.com	oogle.com	X
esutjss-271	244	15	https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2474036	https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2474036	PROPN
esutjss-271	244	16	https://ngxgroup.com/nigerian-exchange-hits-new-heights-with-n3-968-trillion-in-trading-volume-in-2024/	https://ngxgroup.com/nigerian-exchange-hits-new-heights-with-n3-968-trillion-in-trading-volume-in-2024/	PROPN
esutjss-271	244	17	https://ngxgroup.com/nigerian-exchange-hits-new-heights-with-n3-968-trillion-in-trading-volume-in-2024/	https://ngxgroup.com/nigerian-exchange-hits-new-heights-with-n3-968-trillion-in-trading-volume-in-2024/	PROPN
esutjss-271	244	18	https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4267172	https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4267172	PROPN
esutjss-271	244	19	https://openurl.ebsco.com/epdb%3agcd%3a2%3a4643234/detailv2?sid=ebsco%3aplink%3ascholar&id=ebsco%3agcd%3a173379228&crl=c&link_origin=scholar.google.com	https://openurl.ebsco.com/epdb%3agcd%3a2%3a4643234/detailv2?sid=ebsco%3aplink%3ascholar&id=ebsco%3agcd%3a173379228&crl=c&link_origin=scholar.google.com	X
esutjss-271	244	20	https://openurl.ebsco.com/epdb%3agcd%3a2%3a4643234/detailv2?sid=ebsco%3aplink%3ascholar&id=ebsco%3agcd%3a173379228&crl=c&link_origin=scholar.google.com	https://openurl.ebsco.com/epdb%3agcd%3a2%3a4643234/detailv2?sid=ebsco%3aplink%3ascholar&id=ebsco%3agcd%3a173379228&crl=c&link_origin=scholar.google.com	X
esutjss-271	244	21	https://openurl.ebsco.com/epdb%3agcd%3a2%3a4643234/detailv2?sid=ebsco%3aplink%3ascholar&id=ebsco%3agcd%3a173379228&crl=c&link_origin=scholar.google.com	https://openurl.ebsco.com/epdb%3agcd%3a2%3a4643234/detailv2?sid=ebsco%3aplink%3ascholar&id=ebsco%3agcd%3a173379228&crl=c&link_origin=scholar.google.com	X
esutjss-271	244	22	130	130	NUM
esutjss-271	244	23	shuaibu	shuaibu	NOUN
esutjss-271	244	24	,	,	PUNCT
esutjss-271	244	25	i.	i.	NOUN
esutjss-271	244	26	,	,	PUNCT
esutjss-271	244	27	harvey	harvey	PROPN
esutjss-271	244	28	,	,	PUNCT
esutjss-271	244	29	s.	s.	PROPN
esutjss-271	244	30	k.	k.	PROPN
esutjss-271	244	31	,	,	PUNCT
esutjss-271	244	32	&	&	CCONJ
esutjss-271	244	33	amidu	amidu	PROPN
esutjss-271	244	34	,	,	PUNCT
esutjss-271	244	35	m.	m.	NOUN
esutjss-271	244	36	(	(	PUNCT
esutjss-271	244	37	2017	2017	NUM
esutjss-271	244	38	)	)	PUNCT
esutjss-271	244	39	.	.	PUNCT
esutjss-271	245	1	the	the	DET
esutjss-271	245	2	impact	impact	NOUN
esutjss-271	245	3	of	of	ADP
esutjss-271	245	4	monetary	monetary	ADJ
esutjss-271	245	5	policy	policy	NOUN
esutjss-271	245	6	on	on	ADP
esutjss-271	245	7	stock	stock	NOUN
esutjss-271	245	8	market	market	NOUN
esutjss-271	245	9	performance	performance	NOUN
esutjss-271	245	10	:	:	PUNCT
esutjss-271	245	11	evidence	evidence	NOUN
esutjss-271	245	12	from	from	ADP
esutjss-271	245	13	twelve	twelve	NUM
esutjss-271	245	14	(	(	PUNCT
esutjss-271	245	15	12	12	NUM
esutjss-271	245	16	)	)	PUNCT
esutjss-271	245	17	african	african	ADJ
esutjss-271	245	18	countries	country	NOUN
esutjss-271	245	19	.	.	PUNCT
esutjss-271	246	1	research	research	NOUN
esutjss-271	246	2	in	in	ADP
esutjss-271	246	3	international	international	ADJ
esutjss-271	246	4	business	business	NOUN
esutjss-271	246	5	and	and	CCONJ
esutjss-271	246	6	finance	finance	NOUN
esutjss-271	246	7	,	,	PUNCT
esutjss-271	246	8	42	42	NUM
esutjss-271	246	9	,	,	PUNCT
esutjss-271	246	10	1372–1382	1372–1382	NUM
esutjss-271	246	11	.	.	PUNCT
esutjss-271	247	1	https://doi.org/10.1016/j.ribaf.2017.07.075	https://doi.org/10.1016/j.ribaf.2017.07.075	PROPN
esutjss-271	247	2	van	van	PROPN
esutjss-271	247	3	rooij	rooij	NOUN
esutjss-271	247	4	,	,	PUNCT
esutjss-271	247	5	m.	m.	NOUN
esutjss-271	247	6	,	,	PUNCT
esutjss-271	247	7	lusardi	lusardi	PROPN
esutjss-271	247	8	,	,	PUNCT
esutjss-271	247	9	a.	a.	NOUN
esutjss-271	247	10	,	,	PUNCT
esutjss-271	247	11	&	&	CCONJ
esutjss-271	247	12	alessie	alessie	PROPN
esutjss-271	247	13	,	,	PUNCT
esutjss-271	247	14	r.	r.	PROPN
esutjss-271	247	15	(	(	PUNCT
esutjss-271	247	16	2011	2011	NUM
esutjss-271	247	17	)	)	PUNCT
esutjss-271	247	18	.	.	PUNCT
esutjss-271	248	1	financial	financial	ADJ
esutjss-271	248	2	literacy	literacy	NOUN
esutjss-271	248	3	and	and	CCONJ
esutjss-271	248	4	stock	stock	NOUN
esutjss-271	248	5	market	market	NOUN
esutjss-271	248	6	participation	participation	NOUN
esutjss-271	248	7	.	.	PUNCT
esutjss-271	249	1	journal	journal	NOUN
esutjss-271	249	2	of	of	ADP
esutjss-271	249	3	financial	financial	ADJ
esutjss-271	249	4	economics	economic	NOUN
esutjss-271	249	5	,	,	PUNCT
esutjss-271	249	6	101(2	101(2	NUM
esutjss-271	249	7	)	)	PUNCT
esutjss-271	249	8	,	,	PUNCT
esutjss-271	249	9	449	449	NUM
esutjss-271	249	10	-	-	SYM
esutjss-271	249	11	472	472	NUM
esutjss-271	249	12	.	.	PUNCT
esutjss-271	250	1	yaya	yaya	PROPN
esutjss-271	250	2	,	,	PUNCT
esutjss-271	250	3	o.	o.	PROPN
esutjss-271	250	4	,	,	PUNCT
esutjss-271	250	5	adenikinju	adenikinju	NOUN
esutjss-271	250	6	,	,	PUNCT
esutjss-271	250	7	o.	o.	PROPN
esutjss-271	250	8	,	,	PUNCT
esutjss-271	250	9	&	&	CCONJ
esutjss-271	250	10	olayinka	olayinka	PROPN
esutjss-271	250	11	,	,	PUNCT
esutjss-271	250	12	h.	h.	PROPN
esutjss-271	250	13	a.	a.	PROPN
esutjss-271	250	14	(	(	PUNCT
esutjss-271	250	15	2024	2024	NUM
esutjss-271	250	16	)	)	PUNCT
esutjss-271	250	17	.	.	PUNCT
esutjss-271	251	1	african	african	ADJ
esutjss-271	251	2	stock	stock	NOUN
esutjss-271	251	3	markets	market	NOUN
esutjss-271	251	4	’	'	PUNCT
esutjss-271	251	5	connectedness	connectedness	NOUN
esutjss-271	251	6	:	:	PUNCT
esutjss-271	251	7	quantile	quantile	ADJ
esutjss-271	251	8	var	var	NOUN
esutjss-271	251	9	approach	approach	NOUN
esutjss-271	251	10	.	.	PUNCT
esutjss-271	252	1	modern	modern	ADJ
esutjss-271	252	2	finance	finance	NOUN
esutjss-271	252	3	,	,	PUNCT
esutjss-271	252	4	2(1	2(1	NUM
esutjss-271	252	5	)	)	PUNCT
esutjss-271	252	6	.	.	PUNCT
esutjss-271	253	1	10	10	NUM
esutjss-271	253	2	-	-	SYM
esutjss-271	253	3	23	23	NUM
esutjss-271	253	4	yola	yola	PROPN
esutjss-271	253	5	,	,	PUNCT
esutjss-271	253	6	a.	a.	NOUN
esutjss-271	253	7	t.	t.	PROPN
esutjss-271	253	8	(	(	PUNCT
esutjss-271	253	9	2019	2019	NUM
esutjss-271	253	10	)	)	PUNCT
esutjss-271	253	11	.	.	PUNCT
esutjss-271	254	1	on	on	ADP
esutjss-271	254	2	the	the	DET
esutjss-271	254	3	reaction	reaction	NOUN
esutjss-271	254	4	of	of	ADP
esutjss-271	254	5	stock	stock	NOUN
esutjss-271	254	6	market	market	NOUN
esutjss-271	254	7	to	to	ADP
esutjss-271	254	8	monetary	monetary	ADJ
esutjss-271	254	9	policy	policy	NOUN
esutjss-271	254	10	innovations	innovation	NOUN
esutjss-271	254	11	:	:	PUNCT
esutjss-271	254	12	new	new	ADJ
esutjss-271	254	13	evidence	evidence	NOUN
esutjss-271	254	14	from	from	ADP
esutjss-271	254	15	nigeria	nigeria	PROPN
esutjss-271	254	16	.	.	PUNCT
esutjss-271	255	1	retrieved	retrieve	VERB
esutjss-271	255	2	from	from	ADP
esutjss-271	255	3	https://www.ceeol.com/search/articledetail?id=779207	https://www.ceeol.com/search/articledetail?id=779207	PROPN
esutjss-271	255	4	zubair	zubair	PROPN
esutjss-271	255	5	,	,	PUNCT
esutjss-271	255	6	a.	a.	NOUN
esutjss-271	255	7	(	(	PUNCT
esutjss-271	255	8	2013	2013	NUM
esutjss-271	255	9	)	)	PUNCT
esutjss-271	255	10	.	.	PUNCT
esutjss-271	256	1	causal	causal	ADJ
esutjss-271	256	2	relationship	relationship	NOUN
esutjss-271	256	3	between	between	ADP
esutjss-271	256	4	stock	stock	NOUN
esutjss-271	256	5	market	market	NOUN
esutjss-271	256	6	index	index	NOUN
esutjss-271	256	7	and	and	CCONJ
esutjss-271	256	8	exchange	exchange	NOUN
esutjss-271	256	9	rate	rate	NOUN
esutjss-271	256	10	:	:	PUNCT
esutjss-271	256	11	evidence	evidence	NOUN
esutjss-271	256	12	from	from	ADP
esutjss-271	256	13	nigeria	nigeria	PROPN
esutjss-271	256	14	.	.	PUNCT
esutjss-271	257	1	cbn	cbn	PROPN
esutjss-271	257	2	journal	journal	PROPN
esutjss-271	257	3	of	of	ADP
esutjss-271	257	4	applied	applied	ADJ
esutjss-271	257	5	statistics	statistic	NOUN
esutjss-271	257	6	,	,	PUNCT
esutjss-271	257	7	4(2	4(2	NUM
esutjss-271	257	8	)	)	PUNCT
esutjss-271	257	9	,	,	PUNCT
esutjss-271	257	10	87	87	NUM
esutjss-271	257	11	-	-	SYM
esutjss-271	257	12	110	110	NUM
esutjss-271	257	13	.	.	PUNCT
esutjss-271	258	1	https://doi.org/10.1016/j.ribaf.2017.07.075	https://doi.org/10.1016/j.ribaf.2017.07.075	VERB
esutjss-271	258	2	page	page	NOUN
esutjss-271	258	3	7	7	NUM