Innovations in the financial sector play a critical role in promoting economic growth. Studies that have sought to investigate this linkage in sub-Saharan Africa have produced mixed results. None of the existing studies have attempted to examine the possible mediating role of financial inclusion...

This study examines the determinants of time-varying return volatility of Africa's equity markets using monthly indices of eight top African stock markets. The conditional variance is modelled as a proxy for Africa's volatility indices using the best fitting model among SGARCH, EGARCH and...

This study examines the determinants of time-varying return volatility of Africa's equity markets using monthly indices of eight top African stock markets. The conditional variance is modelled as a proxy for Africa's volatility indices using the best fitting model among SGARCH, EGARCH and...