This paper examines the effects of geographical deregulation on commercial bank performance across states. We reach several general conclusions. First, the process of deregulation on an intrastate basis generally improves bank profitability and performance with higher returns and reduced...

We expand on the sub-Saharan Africa (SSA)--Rest of World (ROW) growth difference literature and find a robust and consistently negative coefficient of an <italic>SSA</italic> dummy variable over the period 1965 to 2000. Most importantly, we find that SSA countries converge more slowly, if at all, than ROW countries.

This article examines whether relations between legal origin, financial development and economic growth that hold worldwide hold in British and French legal origin Sub-Saharan Africa (SSA) as well. We also test for the differential impacts on financial development and on growth of Communaute...

This paper examines the extent to which the Federal Reserve has aimed to stabilize the dollar in the era of floating exchange rates. Wald tests and variance decomposition for a VAR model of the macroeconomy confirm that the Fed did respond to exchange rate shocks since 1973. Impulse responses of...