The business of this study is to investigate the role of openness in bank efficiency with respect to income levels. From a panel of 29 low and middle income African countries with data spanning from 1987 to 2008, we provide evidence that, openness (trade and financial) breeds less bank...

With financial globalization, investors can gain from diversification if returns from financial markets are stable and not correlated. However with volatility spillovers, increase in cross-market correlations exist as a real-effect and are not taken into account for asset allocation and...

ABSTRACT :This paper assesses how legal origin influences financial development through regulationquality and the rule of law. It employs all the dimensions identified by the FinancialDevelopment and Structure Database of the World Bank. The law channels are instrumentedwith legal origins to...

Financial integration among economies has the benefit of improving allocation efficiency and diversifying risk. However the recent global financial crisis, considered as the worst since the Great Depression has re-ignited the fierce debate about the merits of financial globalization and its...

Why are some nations more effective at battling corruption than others? Are there different determinants in the fight against corruption across developing nations? Do income-levels matter in the fight against corruption when existing corruption-control levels also matter? In other words, how...

Financial integration among economies has the benefit of improving allocation efficiency and diversifying risk. However the recent global financial crisis, considered as the worst since the Great Depression has re-ignited the fierce debate about the merits of financial globalization and its...

Recent distressing trends in climate change, population explosion and deforestation have inspired this paper, which completes the existing literature by providing empirical justification to hypothetical initiatives on the impact of population growth on forest sustainability in Africa. Using...

The rate of deforestation in Africa is of paramount concern not only to the future of Africa, but also to the world. This study uses country-level data to model changes in forest area over an 18 year period (1990-2007) in 35 African countries and investigates the role played by important...

Purpose – Are there different determinants in the fight against corruption across African countries? Why are some countries more effective at battling corruption than others? To assess these concerns this paper aims to examine the determinants of corruption control throughout the conditional...

This study dissects with great acuteness some of the big questions on China--Africa relations in order to debunk burgeoning myths surrounding the nexus. It reviews a wealth of recent literature and presents the debate in three schools of thought. No substantial empirical evidence is found to...