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Financial Institutions and Services: General

Unveiling the Energy Saving Role of Banking Performance in Sub-Sahara Africa

Amuakwa-Mensah, F, Klege, R.A, Adom, P.K., Hagan, E, Amoah, A
Using a two-step system generalized method of moment (GMM) technique and a panel data for 43 sub-Sahara African countries from 1998 to 2012, this article examines the drivers of energy intensity. Specifically, the article tests two hypotheses: (1) improved banking performance does not foster energy...
May 2018
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Financial Structure and Economic Growth: Evidence from Sub-Saharan Africa

Naomi Mathenge & Eftychia Nikolaidou
This study examines the effect of financial structure on economic growth in Sub Saharan Africa. The sample consists of both low and middle income countries, whose financial systems range from poorly developed to relatively well- developed in the context of developing countries. Using dynamic panel...
Feb 2018
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Spatial Externalities, Openness and Financial Development in SADC: Beyond the Multilateral Monetary Agreement

Alex Bara, Gift Mugano & Pierre Le Roux
This study empirically evaluates spatial externalities in financial development in SADC in line with spatial proximity theory, which asserts that externalities increase with proximity. Precisely, the study tests if financially less developed economies in SADC benefit from linkages with and...
Aug 2016
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Some Clarity on Banks as Financial Intermediaries and Money 'Creators'

Robert W Vivian and Nicholas Spearman
Although the phrase ‘banks create money’ forms part of popular discourse, it has precipitated a factually incorrect understanding of a bank’s role in the money creation process. Bank money creation is the result of an underlying value-for-value exchange transaction; the bank facilitates the...
Jun 2015
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Monetary Policy and Balance Sheets

Deniz Igan, Alain Kabundi, Francisco Nadal De Simone, Natalia Tamirisa
This paper evaluates the strength of the balance sheet channel in the U.S. monetary policy transmission mechanism over the past three decades. Using a Factor-Augmented Vector Autoregression model on an expanded data set, including sectoral balance sheet variables, we show that the balance sheets of...
Aug 2013
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