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Investment and Inequality in Africa: which financial channels are good for the poor?

Asongu, Asongu Simplice - African Governance and Development Institute (AGDI) - 2011

in the literature provide new insights into the finance-inequality nexus. Policy implications are discussed. …

Persistent link: https://www.econbiz.de/10010693294

Finance and Inequality: Exploring Pro-Poor Investment Channels in Africa

Asongu, Asongu Simplice - African Governance and Development Institute (AGDI) - 2011

Hitherto very few studies on the inequality-finance(investment) nexus have focused on the African continent owing to … how finance affects pro-poor investment channels. Findings reveal, but for the case of foreign investment, financial …

Persistent link: https://www.econbiz.de/10010693302

A Short-run Schumpeterian Trip to Embryonic African Monetary Zones

Asongu, Asongu Simplice - African Governance and Development Institute (AGDI) - 2012

With the spectre of the Euro crisis looming substantially large and scaring potential monetary unions, this study is a short-run trip to embryonic African monetary zones to assess the Schumpeterian thesis for positive spillovers of financial services on growth. Causality analysis is performed...

Persistent link: https://www.econbiz.de/10010696005

On the substitution of institutions and finance in investment

Asongu, Asongu Simplice - African Governance and Development Institute (AGDI) - 2014

The Ali (2013, EB) findings on the nexuses among institutions, finance and investment could have an important influence … finance and institutions because they are less realistic to developing countries to which the resulting policy implications … substitution of institutions and finance in investment. Results under many baseline and augmented scenarios are not consistent with …

Persistent link: https://www.econbiz.de/10010775522

Recent advances in finance for inclusive development: a survey

Asongu, Simplice; Lieven, De Moor - African Governance and Development Institute (AGDI) - 2015

The policy debate has been shifting from the finance-growth nexus to the finance-inequality relationship. In the … challenge of putting some structure on recent advances in finance for more inclusiveness. The overarching question tackled in … advances in finance for inclusive development. The analytical approach consists of first, situating issues of exclusive growth …

Persistent link: https://www.econbiz.de/10011196379

Uncertainty of Multiple Period Risk Measures

Lönnbark, Carl - Institutionen för Nationalekonomi, Umeå Universitet - 2009

In general, the properties of the conditional distribution of multiple period returns do not follow easily from the one-period data generating process. This renders computation of Value-at-Risk and Expected Shortfall for multiple period returns a non-trivial task. In this paper we consider some...

Persistent link: https://www.econbiz.de/10005198007

A Corrected Value-at-Risk Predictor

Lönnbark, Carl - Institutionen för Nationalekonomi, Umeå Universitet - 2008

In this note it is argued that the estimation error in Value-at-Risk predictors gives rise to underestimation of portfolio risk. We propose a simple correction and find in an empirical illustration that it is economically relevant.

Persistent link: https://www.econbiz.de/10005651967

On the role of the estimation error in prediction of expected shortfall

Lönnbark, Carl - Institutionen för Nationalekonomi, Umeå Universitet - 2012

In the estimation of risk measures such as Value at Risk and Expected shortfall relatively short estimation windows are typically used rendering the estimation error a possibly non-negligible component. In this paper we build upon previous results for the Value at Risk and discuss how the...

Persistent link: https://www.econbiz.de/10010564003

The Role of Forensic Economists in the Social Control of Business in France

Pélisse, Jérôme; Charrier, Emmanuel - Université Paris-Dauphine (Paris IX) - 2011

financé experts: to what extent does the French legal and judicial framework of forensic expertise contribute to regulate …

Persistent link: https://www.econbiz.de/10010861606

Finance and growth: Schumpeter might be wrong in our era. New evidence from Meta-analysis

Asongu, Asongu Simplice - African Governance and Development Institute (AGDI) - 2013

Purpose – In a meta-study on the finance-growth nexus, we have bridged the gap between Schumpeterian authors and … sympathizers of a questionable finance-growth nexus. Design/methodology/approach – Over 20 fundamental characteristics that have … focused on the finance-growth nexus. …

Persistent link: https://www.econbiz.de/10010862108