This article proposes a classification of the projects of non-banking currencies based on a lexical analysis on the Web data. The advantage of this method is to offer an endogenous typology of the initiatives, based on the way the various currencies are presented on the internet. She so allows...

The empirical literature on the political economy of finance emphasizes the importance of political institutions as crucial determinants of financial development and shows that democratic regimes are positively and robustly correlated with financial development. By using a three years periodic...

This study aims to analyze the evolution of financial openness of emerging countries from 1970 to 1999. We analyze for different regions: Europe, Asia, Latin America and Africa, the evolution of the ratio of financial inflows and outflows to GDP. This value will be calculated using the database...

We examine the effects of the ‘natural resource curse’ on Chad and find little evidence for Dutch disease. Structural vector auto-regression suggests that changes in domestic output and prices are overwhelmingly determined by aggregate demand and supply shocks, and while oil production and...

This study aims to assess the microfinance institutions’ (MFIs’) efficiency in the West African Economic and Monetary Union (WAEMU) after the reforms that were undertaken in the industry. Given the complementary role between MFIs and banks (where MFIs reach the population that the banks...

The aim of this study is to analyze the diversification among financial activities of Islamic banks and how it affects banks performance. We used the Herfindahl-Hirschman Index (HHI) to measure the degree of asset/liability diversification and risk-adjusted performance as criteria of assets...

Our study is one of the first studies on the WAEMU area to focus on the credit channel. Indeed, an investigation of the credit demand is relevant, because credit to the private sector is increasing as a share of the money supply counterparties and the role of banks in the financial system. To...

Our study aims at analyzing Islamic bank efficiency over the period 2001-2008. We found that they were efficient at 92%. The level of efficiency could however vary according to the region where they operate. Asia displays the highest score with 96%. Indeed, country like Malaysia made reforms in...

We examine the effects of the ‘natural resource curse’ on Chad and find little evidence for Dutch disease. Structural vector auto-regression suggests that changes in domestic output and prices are overwhelmingly determined by aggregate demand and supply shocks, and while oil production and...

Notre étude se propose de mesurer l'efficacité des institutions de microfinance (IMFs) en UEMOA, en utilisant la méthode DEA (Data Envelopment Analysis). C'est la première étude qui considère à la fois la fonction d'intermédiaire et d'outreach des IMFs. Nous trouvons une efficacité...