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Financial Determinants of Human Development in Developing Countries

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

Hitherto financial drivers of human development have been unexplored by the UNDP. This paper assesses determinants of human development from financial dynamics of depth, efficiency, size and activity on data from 38 developing countries. While the importance of financial activity, size and depth...

Persistent link: https://www.econbiz.de/10010693277

Why do French civil-law countries have higher levels of financial efficiency?

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

The dominance of English common-law countries in prospects for financial development in the legal-origins debate has been debunked by recent findings. Using exchange rate regimes and economic/monetary integration oriented hypotheses, this paper proposes an “inflation uncertainty theory” in...

Persistent link: https://www.econbiz.de/10010693279

Bank Efficiency and Openness in Africa: Do Income Levels Matter?

Asongu, Asongu Simplice - African Governance and Development Institute (AGDI) - 2010

justify the absence of a banking comparative advantage and consequently, the issue of over-liquidity resulting from low …. Also, a lot needs to be done on the improvement of infrastructures that curtails information asymmetry in the banking …

Persistent link: https://www.econbiz.de/10010693293

New Empirics of monetary policy dynamics: evidence from the CFA franc zones

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

Purpose – A major lesson of the EMU crisis is that serious disequilibria in a monetary union result from arrangements not designed to be robust to a variety of shocks. With the specter of this crisis looming substantially and scarring existing monetary zones, the present study has complemented...

Persistent link: https://www.econbiz.de/10010693297

Finance and Democracy in Africa

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

This paper focuses on how political regimes affect financial development in Africa, contingent on religious-domination, income-levels and colonial-legacies. The main findings are summarized as follows. Authoritarian regimes have a higher propensity to effect policies that favour the development...

Persistent link: https://www.econbiz.de/10010693299

Does Money Matter in Africa? New Empirics on Long- and Short-run Effects of Monetary Policy on Output and Prices

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

Purpose – While in developed economies, changes in monetary policy affect real economic activity in the short-run but only prices in the long-run, the question of whether these tendencies apply to developing countries remains open to debate. In this paper, we examine the effects of monetary...

Persistent link: https://www.econbiz.de/10010693300

African Financial Development Dynamics: Big Time Convergence

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

. Practical implications - The presence of strong links among African banking sectors may present little opportunity for portfolio …

Persistent link: https://www.econbiz.de/10010695987

How has Mobile Phone Penetration Stimulated Financial Development in Africa?

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

In the first macroeconomic empirical assessment of the relationship between mobile phones and finance, this paper examines the correlations between mobile phone penetration and financial development using two conflicting definitions of the financial system in the financial development...

Persistent link: https://www.econbiz.de/10010695988

How has Mobile Banking Stimulated Financial Development in Africa?

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

In the first empirical assessment of the incidence of mobile banking on financial intermediary development in Africa … banking has a negative incidence on traditional financial intermediary dynamics of depth, activity and size. However, when a … previously missing informal-financial sector component is integrated into the definition (Asongu, 2011), mobile-banking has a …

Persistent link: https://www.econbiz.de/10010695999

Are financial benefits of financial globalization questionable until greater domestic financial development has taken place?

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

financial systems), efficiency(banking and financial systems), activity (banking and financial systems) and size play-out in the …

Persistent link: https://www.econbiz.de/10010696001