There has been an increase in the number of multinational banks (MNBs) in India and Nigeria. While the literature is replete with analysis of multinational banking in developed countries, not much is known about the drivers of multinational banking in developing countries. This chapter uses the...

Despite economic and institutional reform in Africa during the past decade, the flow of Foreign Direct Investment (FDI) to the region continues to be disappointing and uneven. In this study we use the fixed and random effects models to explore whether the stylized determinants of FDI affect FDI...

Nigeria has implemented structural adjustment policies for the past twenty years, with the intensity of reforms increasing each year. However, there is an ongoing debate as to whether strong adjustment is more effective than weak reforms in alleviating poverty in African economies. In this...