Showing 1 - 10 of 145
Financial integration among economies has the benefit of improving allocation efficiency and diversifying risk. However the recent global financial crisis, considered as the worst since the Great Depression has re-ignited the fierce debate about the merits of financial globalization and its...
Persistent link: https://www.econbiz.de/10013032610
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 findings suggest stock markets in Lebanon, Mauritius were...
Persistent link: https://www.econbiz.de/10013032611
higher during election years, and reduce lending patterns thereafter. The study shows that countries that enforce monetary … regulatory independence of the central bank dampens the positive effect of elections on bank lending around election years while … they amplify the reductive effects on bank lending after election periods. There is a wake-up call for countries with weak …
Persistent link: https://www.econbiz.de/10014514254
moments estimation techniques was employed for the analysis. We find that local assemblies hold less cash during election … years, which suggests that election may be one of the potential factors to mitigate agency conflict in weak governance … cash in local assemblies that have political connections, which continues and becomes more pronounced in election years …
Persistent link: https://www.econbiz.de/10013241912
moments estimation techniques was employed for the analysis. We find that local assemblies hold less cash during election … years, which suggests that election may be one of the potential factors to mitigate agency conflict in weak governance … cash in local assemblies that have political connections, which continues and becomes more pronounced in election years …
Persistent link: https://www.econbiz.de/10012416527
Persistent link: https://www.econbiz.de/10012387647
This study compares the responsiveness of microcredit interest rates to age, scale of lending and organisational charter. It uses an unbalanced panel of 300 MFIs from 107 developing countries from 2005 to 2015. Three key trends emerge from the results of a 2SLS regression. First, the adoption of...
Persistent link: https://www.econbiz.de/10012925540
The purpose of this special issue is to contribute to the growing body of literature on the externalities of information technology within the specific remit of the relationship between information technology and sustainability outcomes in developing countries, not least because of the sparse...
Persistent link: https://www.econbiz.de/10013193685
Transforming agriculture from a largely subsistence enterprise to a profitable commercial venture is both a prerequisite and a driving force for accelerated development and sustainable growth in su b - Saharan Africa. The objective of this investigation is to assess the impact of the Federal...
Persistent link: https://www.econbiz.de/10011998667
This paper seeks to gain insights into whether developing countries benefit more from the backwardness advantage for economic growth in the Information Age. The paper examines this concern through three complementary approaches. First, it derives theoretical grounds from the existing economic...
Persistent link: https://www.econbiz.de/10012251917