This paper applies Markov chain to analyse the extent and mobility of profit persistent, dynamic auto regressive model is used to assess the speed of convergence and the quantile regression technique is employed to examine the determinants of profit persistent of 330 banks across 29 African...

Using a sample of 330 banks in 29 African countries, this paper investigates the importance of globalization and institutional quality for bank competition. The results suggest that competition increased in the period of 2002-2005, before decreasing somewhat between 2006 and 2007 and increasing...

Preface -- Acknowledgements -- Part I: The Monetary System and the Business of Banking -- Overview of the Monetary System -- Introduction to the Business of Banking -- Introduction to the Business of Banking -- Introduction to the Business of Banking -- Part II: Asset-Liability Management --...