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The study assesses the role of globalization-fuelled regionalization policies on financial allocation efficiency in … four economic and monetary regions in Africa for the period 1980 to 2008. Banking system and financial system efficiency … proxies are used as dependent variables whereas seven bundled and unbundled globalization variables are employed as …
Persistent link: https://www.econbiz.de/10015213939
This paper examines how regionalization in the face of globalization has affected financial development in the context … of banking system efficiency in Africa. Results which are robust to financial system efficiency and growth …/projects with deposits; (3) increase in welfare has positively affected the intermediary role of banks; (4) globalization tends to …
Persistent link: https://www.econbiz.de/10015228820
The study assesses the role of globalization-fuelled regionalization policies on financial allocation efficiency in … four economic and monetary regions in Africa for the period 1980 to 2008. Banking system and financial system efficiencies … are used as dependent variables whereas seven bundled and unbundled globalization variables are employed as independent …
Persistent link: https://www.econbiz.de/10015251839
and size in Africa; contingent on religious-domination, income-levels and colonial-legacies. Findings could be summarized …
Persistent link: https://www.econbiz.de/10015229826
Using a panel of 29 African middle and low income countries with data spanning from 1988 to 2007, we analyze linkages between openness and financial intermediary development when income levels matter. Main findings are four: firstly, openness in the last two decades has not been the effect of...
Persistent link: https://www.econbiz.de/10015224724
The article describes “the theory of devaluation of values” developed by the author. In accordance with this theory, economic growth takes place using two inter-connected phenomena: a) reduction in time necessary for “the set of benefits (goods) currently consumed” to be produced, on the...
Persistent link: https://www.econbiz.de/10015239694
The article describes “the theory of value depreciation” developed by the author. In accordance with this theory, economic growth takes place using two inter-connected phenomena: (a) reduction in time necessary to produce “the set of goods currently consumed” (first form of value...
Persistent link: https://www.econbiz.de/10015239922
Markets need some very strong prerequisites to function well and be a self regulating system. Creating markets, where the most basic institutional factors necessary for the functioning of a market is nonexistent, is futile. In other words, talking about private sector development where markets...
Persistent link: https://www.econbiz.de/10015224458
The 'Easterlin Paradox' holds that economic growth in nations does not buy greater happiness for the average citizen. This thesis was advanced in the 1970s on the basis of the then available data on happiness in nations. Later data have disproved most of the empirical claims behind the thesis,...
Persistent link: https://www.econbiz.de/10015235464
Religious war and the separation of Church and state affairs in the global north contributed in the emergence and implementation of various ideologies. Instead of its positive impact these ideologies became a source of extreme violence and corruption across the planet. Liberalism,...
Persistent link: https://www.econbiz.de/10015261845