This paper analyses retrospectively the financial performance of the East African Development Bank. Three methods of analysis, derived from a selective review of the literature, are applied, namely the standard financial ratios; statistical moments such as the mean, range and standard deviation...

This paper investigates the linear as well as non-linear properties of the relationship between the entry of foreign-owned private banks and changes in gross domestic investment. A standard model of aggregate investment behaviour, in which an indicator for foreign banks is one of the...

The authors propose a macroeconomic model suitable for policy analysis for an emerging market economy (EME). The model neither uncritically applies conventional macrotheory nor departs altogether from orthodoxy; rather, it modifies the conventional framework and captures the distinctive features...

This paper offers the first attempt to test the inverted-U hypothesis for the effect of uncertainty on investment, implied by a number of recent theoretical studies, using a panel of UK firms. It is found that the effect of uncertainty on corporate investment is indeed approximated by an...

The paper investigates the possibility of convergence in the European Union (EU) in terms of the patterns of corporate financing by banks, bond markets, and stock markets; and in the context of whether the economies are converging towards an Anglo-Saxon (capital-market-oriented) or a continental...

We undertake an empirical assessment of the competitiveness and market contestability of the major British banks post-1980 - a period of major structural changes, mergers, demutualizations and acquisitions. Specifically, we estimate and test the Rosse-Panzar model on a panel of 12 banks for the...

In this paper we assess the implications of the World Trade Organisation (WTO) and the General Agreement on Trade in Services (GATS) for the banking sector in African signatory countries. With emphasis on the free trade element, we first review the relevant provisions of the GATS for banking...