Financial development indicators are often applied to countries/regions without taking into account specific financial development realities. Financial depth in the perspective of monetary base is not equal to liquid liabilities in every development context. This paper introduces complementary...

Using a gravity model of trade, this paper examines the consequences on inter- national trade of the quality and the similarity of domestic institutions. We find an asymme- tric impact on trade of institutions quality. Our estimations show that a country exports all the more since the quality of...

This paper dissects with great acuteness, the issues of convergence in financial performance dynamics in the African continent through the lenses of stock market capitalization, value traded, turnover and number of listed companies. The empirical evidence is premised on 11 homogenous panels...