International aid effectiveness has recently been significantly questioned in the development literature with regard to the large amount of aid received by developing countries to finance development projects and the mixed results achieved. However, assessment of development projects is not an...

This paper extends extant valuation models of interest rate swaps (IRS) with counterparty credit risk by accounting for wrong-way risk and OIS discounting. The proposed model extends Brigo and Pallavicini's (2007) and Ruiz et al.'s (2013) models, by capturing wrong-way risk in the CVA...

The recent mobile money innovation has experienced strong development and has been a key tool for financial inclusion in sub-Saharan Africa. Even holders of formal financial accounts have adopted it widely. Based on a sample of 6,891 households in the West African Economic and Monetary Union...

We investigate the role of foreign banks and access to the regional stock market in the relationship between bank capital, competition and liquidity creation in the West African Economic and Monetary Union (WAEMU) countries using hand-collected bank-level data for 2000-2017. We uncover new...