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The link between financial development and monetary policy has received considerable attention in many African countries but empirical evidence on the link has been mixed. By the use of the Autoregressive Distributed Lag (ARDL) approach, this study investigated whether financial development...
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While it is clear that financial depth and economic diversity are prerequisites for the realisation of growth and development objectives, heterogeneous factors that determines financial development remains imperfectly understood. This ambiguity in the structural relations between varied...
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In this study, we analyze the relationship between inflation and economic growth. To this end, we construct a model of … endogenous growth with creative destruction, incorporating sticky prices due to menu costs. Inflation and deflation reduce the … maximize the rate of economic growth by setting their target inflation rate at the negative of a fundamental growth rate that …
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Since the 2008 Financial Sector Assessment Program (FSAP), the financial sector of the West African Economic and Monetary Union (WAEMU) has undergone major changes that have altered its risk profile. Three structural changes have played a key role since the 2008 FSAP: (i) the financial sector...
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