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Finance and growth: New evidence from Meta-analysis
Asongu, Simplice A - Volkswirtschaftliche Fakultät, … - 2013
Purpose – In a meta-study, we have bridged the gap between the pros and cons of a questionable finance-growth nexus … genuine effect exists between financial development and economic growth. A finance-growth nexus might not be appealing in our … consistent with the mainstream positive finance-growth nexus should provide new scholarly insights into the relationship …
Persistent link: https://www.econbiz.de/10011258243
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On the substitution of institutions and finance in investment
Asongu, Simplice A - In: Economics Bulletin 34 (2014) 3, pp. 1557-1574
The Ali (2013, EB) findings on the nexuses among institutions, finance and investment could have an important influence … finance and institutions because they are less realistic to developing countries to which the resulting policy implications … substitution of institutions and finance in investment. Results under many baseline and augmented scenarios are not consistent with …
Persistent link: https://www.econbiz.de/10010800841
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Guardians of Finance: Making Regulators Work for Us
Barth, James R.; Caprio, Gerard Jr.; Levine, Ross - The MIT Press
luminaries that includes Timothy Geithner, Henry Paulson, Robert Rubin, Ben Bernanke, and Alan Greenspan. In Guardians of Finance …
Persistent link: https://www.econbiz.de/10010535228
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A Short-run Schumpeterian Trip to Embryonic African Monetary Zones
Asongu, Simplice A - In: Economics Bulletin 33 (2013) 1, pp. 859-873
With the spectre of the Euro crisis looming substantially large and scaring potential monetary unions, this study is a short-run trip to embryonic African monetary zones to assess the Schumpeterian thesis for positive spillovers of financial services on growth. Causality analysis is performed...
Persistent link: https://www.econbiz.de/10010835849
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Does Money Matter in Africa? New Empirics on Long- and Short-run Effects of Monetary Policy on Output and Prices
Asongu, Simplice A - Volkswirtschaftliche Fakultät, … - 2013
Purpose – While in developed economies, changes in monetary policy affect real economic activity in the short-run but only prices in the long-run, the question of whether these tendencies apply to developing countries remains open to debate. In this paper, we examine the effects of monetary...
Persistent link: https://www.econbiz.de/10011257834
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New Empirics of monetary policy dynamics: evidence from the CFA franc zones
Asongu, Simplice A - Volkswirtschaftliche Fakultät, … - 2013
Purpose – A major lesson of the EMU crisis is that serious disequilibria in a monetary union result from arrangements not designed to be robust to a variety of shocks. With the specter of this crisis looming substantially and scarring existing monetary zones, the present study has complemented...
Persistent link: https://www.econbiz.de/10011258206
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Liberalization and financial sector competition: a critical contribution to the empirics with an African assessment
Asongu, Simplice A - Volkswirtschaftliche Fakultät, … - 2013
This paper investigates how financial, trade, institutional and political liberalization policies have affected financial sector competition in Africa using updated data to appraise second generation reforms. The ‘freedom to trade’ and ‘economic freedom’ indices are employed. Hitherto,...
Persistent link: https://www.econbiz.de/10011258662
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How would monetary policy matter in the proposed African monetary unions? Evidence from output and prices
Asongu, Simplice A - Volkswirtschaftliche Fakultät, … - 2013
We analyze the effects of monetary policy on economic activity in the proposed African monetary unions. Findings broadly show that: (1) but for financial efficiency in the EAMZ, monetary policy variables affect output neither in the short-run nor in the long-term and; (2) with the exception of...
Persistent link: https://www.econbiz.de/10011260860
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Is There a Diversification Discount in Financial Conglomerates?
Laeven, Luc; Levine, Ross - C.E.P.R. Discussion Papers - 2005
This paper investigates whether the diversity of activities conducted by financial institutions influences their market valuations. We find that there is a diversification discount: The market values financial conglomerates that engage in multiple activities, e.g., lending and non-lending...
Persistent link: https://www.econbiz.de/10005124492