ABSTRACT
The ability of financial institutions in mobilizing efficient savings for the purpose of investment in a country is financial deepening. This study seeks to examine the effect of financial deepening on Nigerian Financial system. Specifically, the study examine the effect of money supply to gross domestic product on financial savings to gross domestic product in Nigeria, ascertain the effect of private sector credit to Gross Domestic Product ratio on financial savings to gross domestic product in Nigeria, investigate the effect of market capitalization to Gross Domestic Product ratio on financial savings to gross domestic product in Nigeria and ascertain the effect of all share index on financial savings to gross domestic product in Nigeria. The Expo-Facto design was adopted because the data are secondary data extracted from the Central Bank of Nigerian statistical bulletin. Econometric techniques, including Augmented Dickey-Fuller for unit root tests, Granger causality test and Ordinary Least Square (OLS) regression analysis was used to test the four hypotheses. The data used were collected from the Central Bank of Nigeria Statistical Bulletin. The study revealed that broad money supply (M2/GDP), credit to private sector to GDP, market capitalization to GDP ratio and all share indexes has positive and significant effect on financial savings to gross domestic product (FSGDP) within the period under study. The study therefore, concludes that financial deepening have positive and significant effect on financial system and have enhanced the effective and efficient mobilization of financial resources from the surplus to the deficit unit for investment outlet in Nigeria financial system. The paper recommends amongst other that: Directors of economic managers should focus on money stock, economic velocity and market capitalization which the result indicates are yet to make significant impact on financial system in Nigeria.
ABSTRACT
A comercialização das células-tronco encontradas no sangue do cordão umbilical constitui uma das facetas da biopolítica, na qual a vida é comercializada, administrada e governada por uma variedade de empresas em Medicina Regenerativa. Apoiado nos aportes teórico-metodológicos focaultianos e da Teoria Ator-Rede, este trabalho tem como objetivo problematizar as estratégias biopolíticas, na contemporaneidade, as quais impulsionam uma capitalização da vida nos bancos públicos e privados de células-tronco do cordão umbilical, com foco no Brasil. Nesses bancos, partes do corpo tornam-se fonte de capital, as quais se ligam a uma rede heterogênea de aparatos biotecnológicos que mobilizam subjetividades articuladas a políticas de afetividade. As utilizações de biotecnologias direcionadas à manipulação das células-tronco do cordão umbilical viabilizam modos de subjetividades configuradas como empresariais, as quais reivindicam para si o cuidado de sua saúde e a otimização da vitalidade. (AU)
The commercialization of stem cells found in umbilical cord blood is one of the facets of biopolitics in which life is marketed, managed and governed by a variety of Regenerative Medicine companies. Supported by theoretical and methodological Foucaultian and actor-network-theory contributions, this paper aims to discuss contemporary biopolitical strategies, which drive a capitalization market of life in the public and private banks of umbilical cord stem cells focused on Brazil. In these banks, body parts become a source of capital, which attach themselves to a heterogeneous network of biotechnological devices that mobilize subjectivities, articulating political affectivities. The use of biotechnologies aimed at manipulating the umbilical cord stem cells enable subjectivities modes configured as entrepreneurial, which claim for themselves the care of their health and the optimization of vitality. (AU)
La comercialización de las células madre que se encuentran en la sangre del cordón umbilical es una de las facetas de la biopolítica, en el que la vida se comercializa, gestionada y gobernada por una variedad de empresas en Medicina Regenerativa. Apoyado en los aportes teóricos y metodológicos focaultianos y la teoría del actor-red, el presente trabajo tiene como objetivo discutir las estrategias de biopolítica, en la época contemporánea, que impulsan una capitalización de mercado de la vida en los bancos públicos y privados de células madre de cordón umbilical, centrándose en Brasil. Estos bancos, las partes del cuerpo se convierten en una fuente de capital, que se unen a una red heterogénea de dispositivos biotecnológicos que con respecto a políticas afecto. El uso de las biotecnologías destinadas a la manipulación de las células madre del cordón umbilical permiten subjetividades que reclaman para sí el cuidado de su salud y la optimización de la vitalidad. (AU)