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inefficiency of commercial banks operating in 29 sub-Saharan African (SSA) countries by bank ownership (domestic bank, SSA foreign … bank or non-SSA foreign bank), as well as by the bank size during 2000-07. Tobit regressions are employed to assess the … that foreign banks tend to outperform domestic banks in terms of profit efficiency. In terms of efficiency by bank size …
Persistent link: https://www.econbiz.de/10009306500
banking system penetration promotes financial inclusion-notably, access to bank credit and to formal credit. The results of …
Persistent link: https://www.econbiz.de/10012509932
This paper proposes a comprehensive yet evolutionary reform of the global monetary non-system that evolved out of the breakdown of the original Bretton Woods arrangement in the early 1970s. It includes: (i) a global reserve system that mixes the multi-currency arrangement with an active use of...
Persistent link: https://www.econbiz.de/10011417842
This study assesses the fiscal and monetary management challenges that can be associated with large inflows of foreign aid. It provides a brief overview of the literature on Dutch Disease (DD) as applied to mineral wealth and then assesses the conventional policy responses that are available to...
Persistent link: https://www.econbiz.de/10009408860
This paper looks at historical and current frameworks to manage macroeconomic linkages among economies. It considers first the evolving nature of global payments imbalances. It then focuses on the mechanisms of macroeconomic dialogue and cooperation put in place at different times to guarantee...
Persistent link: https://www.econbiz.de/10011456125
bank, such as; sterilization policy, foreign reserve accumulation policy and openmarket operations. In particular, we find …
Persistent link: https://www.econbiz.de/10011456170
This paper analyses three major problems of the current international monetary system: the asymmetric-adjustment problem, dependence on the monetary policy of the main reserveissuing country, and the large demand for self-insurance by developing countries. It then proposes two reform routes:...
Persistent link: https://www.econbiz.de/10010419488
-targeting framework currently in place. Following a surge in inflation into double digits in 2007/08, the South African Reserve Bank …
Persistent link: https://www.econbiz.de/10012887936
This paper examines the relationship between monetary policy and wealth inequality in South Africa. We employed a unique database of tax administrative data which allowed us to account for individual heterogeneity. These tax data span from 2011 to 2017 and include over 3 million individual...
Persistent link: https://www.econbiz.de/10012405563
This paper aims at providing new evidence over the effect of conventional monetary policy shocks on wage inequality through the earnings heterogeneity channel under the inflationtargeting regime implemented in South Africa since 2000. The empirical contribution follows previous studies by...
Persistent link: https://www.econbiz.de/10012240650