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luminaries that includes Timothy Geithner, Henry Paulson, Robert Rubin, Ben Bernanke, and Alan Greenspan. In Guardians of Finance …
Persistent link: https://www.econbiz.de/10010535228
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/10010835849
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/10010800841
Purpose – In a meta-study, we have bridged the gap between the pros and cons of a questionable finance-growth nexus … genuine effect exists between financial development and economic growth. A finance-growth nexus might not be appealing in our … consistent with the mainstream positive finance-growth nexus should provide new scholarly insights into the relationship …
Persistent link: https://www.econbiz.de/10011258243
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This paper investigates how financial, trade, institutional and political liberalization policies have affected financial sector competition in Africa using updated data to appraise second generation reforms. The ‘freedom to trade’ and ‘economic freedom’ indices are employed. Hitherto,...
Persistent link: https://www.econbiz.de/10011258662
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/10011260860
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