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Browsing by Author Asongu, Simplice

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Showing results 1 to 8 of 8
African Development: Beyond Income Convergence
Journal article, Created By Asongu, Simplice and Published By John Wiley & Sons Publishing Company in English language
In examining some big questions on African development, I provide evidence that the dynamics of some development indicators could support both endogenous and neoclassical growth theories in the convergence debate. This paper investigates convergence in real per capita gross domestic product and inequality-adjusted human development in 38 African countries, disaggregated into 10 homogenous panels based on regions (Sub-Saharan and North Africa), income levels (low, middle, lower middle and upper middle), legal origins (English common law and French civil law) and religious domination...
Are proposed African monetary unions optimal currency areas? Real, monetary and fiscal policy convergence analysis
Journal article, Created By Asongu, Simplice and Published By Emerald in English language
Purpose – A spectre is hunting embryonic African monetary zones: the European Monetary Union crisis. The purpose of this paper is to assess real, monetary and fiscal policy convergence within the proposed WAM and EAM zones. The introduction of common currencies in West and East Africa is facing stiff challenges in the timing of monetary convergence, the imperative of central bankers to apply common modeling and forecasting methods of monetary policy transmission, as well as the requirements of common structural and institutional characteristics among candidate s...
Information asymmetry and financial dollarization in sub-Saharan Africa
Journal article, Created By Asongu, Simplice; Raheem, Ibrahim; Tchamyou, Venessa and Published By Emerald Publishing Limited in English language
Financial dollarisation in sub-Saharan Africa (SSA) is most persistent compared to other regions of the world. The purpose of this paper is to complement the existing scant literature on dollarisation in Africa by assessing the role of information sharing offices (public credit registries and private credit bureaus) on financial dollarisation in 25 SSA countries for the period 2001-2012. The empirical evidence is based on ordinary least squares and generalised method of moments (GMM). The findings show that information sharing offices (which are designed to reduce&#x...
Introduction to Special Issue: Mobile Technologies and Inclusive Development in Africa
Journal article, Created By Asongu, Simplice and Published By Taylor & Francis Group in English language
Liberalisation and Financial Sector Competition: A Critical Contribution to the Empirics with an African Assessment
Journal article, Created By Asongu, Simplice and Published By John Wiley & Sons Publishing Company in English language
This paper investigates how financial, trade, institutional and political liberalisation 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, unexplored financial sector concepts of formalisation, semi-formalisation, informalisation and non-formalisation are also introduced. The following findings are established. First, relative to money supply, (i) with the exception of the economic freedom mechanism, liberalisation policies have generally decreased the growth of...
New empirics of monetary policy dynamics: evidence from the CFA franc zones
Journal article, Created By Asongu, Simplice and Published By Emerald in English language
A major lesson of the European Monetary Union 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 purpose of this paper is to complement existing literature by analyzing the effects of monetary policy on economic activity (output and prices) in the CEMAC and UEMOA CFA franc zones. ... First, compared to the CEMAC region, the UEMOA zone?s monetary authority has more pol...
REER Imbalances and Macroeconomic Adjustments in the Proposed West African Monetary Union
Journal article, Created By Asongu, Simplice and Published By John Wiley & Sons Publishing Company in English language
With the spectre of the euro crisis hunting embryonic monetary unions, we use a dynamic model of a small open economy to analyse real effective exchange rate (REER) imbalances and examine whether the movements in the aggregate real exchange rates are consistent with the underlying macroeconomic fundamentals in the proposed West African Monetary Union (WAMU). Using both country-oriented and WAMU panel-based specifications, we show that the long-run behaviour of the REERs can be explained by fluctuations in the terms of trade, productivity, investment, debt and op...
Sino-African Relations: Some Solutions and Strategies to the Policy Syndromes
Journal article, Created By Asongu, Simplice and Published By Taylor & Francis Group in English language
We survey about 110 recently published studies on Sino-African relations, and put some structure on the documented issues before suggesting some solutions and strategies to the identified policy syndromes. The documented issues are classified into the following eight main strands: China targeting nations with abundant natural resources, focusing on countries with bad governance, not hiring local workers; outbidding other countries by flouting environmental and social standards; importing workers that do not integrate into domestic society and living in extremely simple conditions, ...