Asongu, Simplice A. - In: Journal of Financial Economic Policy 5 (2013) 1, pp. 39-60
past decade. Design/methodology/approach – The sample is limited to a panel of African countries for which inflation is non … – First, it is found that there are significant long‐run equilibriums between inflation and each financial dynamic. Second … deflationary pressures, inflation is significant in adjusting all financial dynamics. In other words, financial depth and financial …