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Over the past 20 years, China has granted a conspicuous amount of loans to African countries. New loan data show that compared to Western multilateral loans, Chinese loans have relatively high interest rates and shorter maturities, tend to be highly collateralized, and are volatile over time....
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The coronavirus (COVID-19) crisis, which has hit financial systems across Africa, is likely to deteriorate banks …
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Economic theory traditionally suggests that monetary policy can influence the business cycle, but not the long-run potential output. Despite well documented theoretical and empirical consensus on money neutrality in the literature, the role of money as an informational variable for monetary...
Persistent link: https://www.econbiz.de/10011409905
This paper assesses the adjustment of inflation with financial dynamic fundamentals of money (financial depth), credit …-term adjustments in the ability of banks to transform money into credit do not matter in correcting inflation. This is most probably …
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degradation of Africa’s tropical forests, which offer significant carbon sequestration capacity to the global economy. In … offered LPG stoves through subsidy and on credit to measure their impact on charcoal consumption and the corresponding … use (38%) than did providing access on credit (27%) with the corresponding likely reduction in deforestation by 0.05 and 0 …
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