This paper examines the pattern of excess liquidity in sub-Saharan Africa and its consequences for the effectiveness of monetary policy. The paper argues that understanding the consequences of excess liquidity requires quantifying the extent to which commercial bank holdings of excess liquidity...

Intro -- Contents -- I. INTRODUCTION -- II. SOME STYLIZED FACTS ON RESERVE REQUIREMENTS AND EXCESS LIQUIDITY IN AFRICAN COUNTRIES -- III. MEASUREMENT OF EXCESS LIQUIDITY -- IV. EXCESS BANK LIQUIDITY AND MONETARY POLICY TRANSMISSION MECHANISM -- V. SUMMARY AND POLICY IMPLICATIONS -- References.

The study sought to test the impact of the policy rate on growth and investment in some selected countries in the Sub-Saharan Africa region. Data for nine (9) countries over a 23-year period was captured and a dynamic panel model estimated. Based on the study results, the major findings were:...

The issue of achieving and sustaining a nation's economicgrowth is an issue that is of concern to many nations of the world,especially the sub-Saharan African (SSA) nations. This was in linewith the United Nations Sustainable Development Goal (SDG) 8 ofEconomic Growth. This study, therefore,...

This study examines the monetary policy effectiveness of five major Asian countries (China, Hong Kong, India, Japan, and South Korea) using a quantile vector autoregression (QVAR) model-based spillover estimation approach of Balcilar et al. (2020b) at different quantile paths. To do this, we...