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Political Crises and Risk of Financial Contagion in Developing Countries: Evidence from Africa
Asongu, Asongu Simplice - African Governance and Development Institute (AGDI) - 2011
The recent waves of political crises in Africa and the Middle East have inspired the debate over how political … instability could pose a risk of financial contagion to emerging countries. With retrospect to the Kenyan political crisis, our …
Persistent link: https://www.econbiz.de/10010862089
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The 2011 Japanese earthquake, tsunami and nuclear crisis: evidence of contagion from international financial markets
Asongu, Asongu Simplice - African Governance and Development Institute (AGDI) - 2011
foreign exchange markets suffered from contagion, stock markets of Taiwan, Bahrain, Saudi Arabia and South Africa witnessed a … study is to investigate if any contagion effect occurred in the immediate aftermath of the Japanese earthquake, tsunami and … heteroscedasticity biases based on correlation coefficients to examine if any contagion occurred across financial markets after the March …
Persistent link: https://www.econbiz.de/10010862102
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Globalization, financial crisis and contagion: time-dynamic evidence from financial markets of developing countries
Asongu, Asongu Simplice - African Governance and Development Institute (AGDI) - 2011
Financial integration among economies has the benefit of improving allocation efficiency and diversifying risk. However … examines whether equity markets in emerging countries were vulnerable to contagion during the recent financial meltdown … Columbia, Latin American countries were least affected; (3) Africa and Middle East emerging markets were averagely contaminated …
Persistent link: https://www.econbiz.de/10010693303
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Law, Economic Growth and Human Development: Evidence from Africa
Asongu, Asongu Simplice - African Governance and Development Institute (AGDI) - 2011
-Saharan Africa is slightly below the average of Francophone Africa. As a policy implication, results support the benefits of the rule …
Persistent link: https://www.econbiz.de/10010862076
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Development thresholds of foreign aid effectiveness in Africa
Asongu, Asongu Simplice - African Governance and Development Institute (AGDI) - 2012
are necessary for the effectiveness of foreign aid in Africa. Design/methodology/approach – The panel quantile regression …
Persistent link: https://www.econbiz.de/10010862077
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Deforestation and Welfare: Evidence from Africa
Asongu, Asongu Simplice - African Governance and Development Institute (AGDI) - 2011
This paper examines the effects of deforestation on the welfare of rural communities in the Congo Basin. Using moment conditions of agricultural and forest exploitations, findings indicate deforestation significantly improves welfare both at overall-rural and agricultural household per capita...
Persistent link: https://www.econbiz.de/10010862078
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How would monetary policy matter in the proposed African monetary unions? Evidence from output and prices
Asongu, Asongu Simplice - African Governance and Development Institute (AGDI) - 2013
We analyze the effects of monetary policy on economic activity in the proposed African monetary unions. Findings broadly show that: (1) but for financial efficiency in the EAMZ, monetary policy variables affect output neither in the short-run nor in the long-term and; (2) with the exception of...
Persistent link: https://www.econbiz.de/10010862079
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Correcting inflation with financial dynamic fundamentals: which adjustments matter in Africa?
Asongu, Asongu Simplice - African Governance and Development Institute (AGDI) - 2013
This paper assesses the adjustment of inflation with financial dynamic fundamentals of money (financial depth), credit (financial activity) and efficiency. Three main findings are established. (1) There are significant long-run relationships between inflation and the fundamentals. (2) The error...
Persistent link: https://www.econbiz.de/10010862080
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Fighting African capital flight: timelines for the adoption of common policies
Asongu, Asongu Simplice - African Governance and Development Institute (AGDI) - 2013
This paper provides an exhaustive assessment of feasible horizons for policy harmonization against African capital flight. The empirical evidence is based on a methodological innovation on common policy initiatives and the results are premised on 15 fundamental characteristics of African capital...
Persistent link: https://www.econbiz.de/10010862081
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Fresh Patterns of Liberalization, Bank Return and Return Uncertainty in Africa
Asongu, Asongu Simplice - African Governance and Development Institute (AGDI) - 2014
integration and portfolio diversification are discussed. …
Persistent link: https://www.econbiz.de/10010862083