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Size, efficiency, market power, and economies of scale in the African banking sector
Asongu, Simplice; Odhiambo, Nicholas M. - 2018
There is a growing body of evidence that interest rate spreads in Africa are higher for big ba nks compared to small banks. One concern is that big banks might be using their market power to charge higher lending rates as they become larger, more efficient, and unchallenged. In contra st,...
Persistent link: https://www.econbiz.de/10011998518
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Market power and cost efficiency in the African banking industry
Asongu, Simplice; Nting, Rexon T.; Nnanna, Joseph - 2019
Purpose- In this study, we test the so-called 'Quiet Life Hypothesis' (QLH) which postulates that banks with market power are less efficient. Design/methodology/approach- We employ instrumental variable Ordinary Least Squares, Fixed Effects, Tobit and Logistic regressions. The empirical evidence...
Persistent link: https://www.econbiz.de/10012117704
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A note on the long-run neutrality of monetary policy : new empirics
Asongu, Simplice A. - 2013
Economic theory traditionally suggests that monetary policy can influence the business cycle, but not the long-run potential output. Despite well documented theoretical and empirical consensus on money neutrality in the literature, the role of money as an informational variable for monetary...
Persistent link: https://www.econbiz.de/10011409905
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New empirics of monetary policy dynamics : evidence from the CFA franc zones
Asongu, Simplice A. - 2013
pronounced in CEMAC (relative to all monetary policy variables) than in UEMOA (with regard to financial dynamics of activity and … zone (with the exception of overall money supply) than in the CEMAC zone (in which only financial dynamics of 'financial … measures of fighting surplus liquidity. Originality/value - By using a plethora of hitherto unemployed financial dynamics (that …
Persistent link: https://www.econbiz.de/10011409990
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How would monetary policy matter in the proposed African monetary unions? : evidence from output and prices
Asongu, Simplice A. - 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/10011410006
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Does money matter in Africa? : new empirics on long- and short-run effects of monetary policy on output and prices
Asongu, Simplice A. - 2013
financial dynamics in inflation-chaotic African countries for the period 1987-2010. Design/methodology/approach - VARs within …-term dimension of the hypothesis, only financial dynamics of depth and size affect real GDP output in the short-run. As concerns the … of hitherto unemployed financial dynamics (that broadly reflect monetary policy), we provide significant contributions to …
Persistent link: https://www.econbiz.de/10011410030
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Political regimes and stock market performance in Africa
Asongu, Simplice; Nwachukwu, Jacinta C. - 2016
-origins, religious-legacies, income-levels and press-freedom qualities to account for stock market performance dynamics of capitalization …
Persistent link: https://www.econbiz.de/10011487052
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The determinants of interest rates in microbanks : age and scale
Nwachukwu, Jacinta C.; Asongu, Simplice A. - 2015
This study investigates the legitimacy of the relatively high interest rates charged by those microfinance institutions (MFIs) which have been transformed into regulated commercial banks using information garnered from a panel of 1232 MFIs from 107 developing countries. Results show that...
Persistent link: https://www.econbiz.de/10011409048
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Democracy and stock market performance in African countries
Asongu, Simplice A. - 2011
Purpose - This paper assesses the incidence of political institutions on stock market performance dynamics in Africa …-freedom qualities to account for stock market performance dynamics of capitalization, value traded, turnover and number of listed … endogeneity; (5) usage of Principal Component Analysis(PCA) to reduce the dimensions of stock market dynamics and political …
Persistent link: https://www.econbiz.de/10011410317
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Government quality determinants of stock market performance in African countries
Asongu, Simplice A. - 2011
in African countries, the question becomes more critical. Government quality dynamics of corruption-control, government …-levels, religious-dominations, press-freedom degrees and legal-origins to account for stock market performance dynamics of …
Persistent link: https://www.econbiz.de/10011410336