results
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"This paper attempts to evaluate the recent moves to decentralize fiscal powers to the regions to see to what extent they can affect the conditions for macroeconomic management in the country, given the ongoing economic reform programme that emphas…
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"Macroeconomic stabilization and structural adjustment measures have been taken since October 1992 involving an exchange route adjustment and new fiscal and monetary policies as major components. The new investment, labor and public enterprise laws …
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"We find that MSMEs choice of the main-bank does not persist signaling the absence of switching costs and the vague role of relationship banking. Moreover, switching a main-bank has no effect on lending interest rates. Our results imply that MSMEs a…
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The question of high interest rates in Ghana is examined in this paper. The author notes that high interest rates have not only kept the cost of credit unnecessarily high, but have also discouraged many otherwise viable projects from being implement…
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"This paper examines factors that determine Uganda’s trade flows and specifically compares the impact and performance of the different trade blocs on Uganda’s trade patterns and flows. The empirical question is whether Uganda’s trade is getting more…
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"In recent years the Government of Botswana has retreated in some form from direct production and provision of many goods and services in favour of achieving various policy goals through regulation. This book takes the view of regulation as a form o…
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"This study has assessed the potency of monetary and fiscal actions in economic stabilisation in the Tanzanian Economy. The analysis used both statistical and econometric procedures. It has been found from statistical analysis that monetary and f…
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"The study attempted to characterize the nature and determinants of bank distress in Nigeria, as well as the approaches adopted by the supervisory agencies to ensure that banks operate safe and sound practices. In doing this, it combined a non-nor…
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"The study has four primary objectives. The profile of agricultural policies over the 1970–1993 period is the first. The profile includes agricultural policies in the development plans and annual and ad hoc budgets; it also covers fiscal and monetar…
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"The study aimed to explain the factors determining interest rate spread for Kenya’s banking sector. For the pre-liberalization period, the minimum and maximum ceilings on deposit and lending rates set a maximum interest rate spread. Variations in…
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"This study focuses on the prospects of a viable monetary union in the subregion and the role of monetary integration in the facilitation and enhancement of payments for intra-regional trade. Specifically, the main objective of this study is to dete…
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"The study looks at the institutional factors affecting the development of the Ghana stock market. Additionally, the study analyses the impact of the listing of Ashanti Goldfields corporation on the development of the Ghana stock market. The study e…
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"The study focuses on the effect of gradual deregulation in a developing economy on the efficiency of banks and the banking sector. It assesses whether the policy package results in an improvement in the technical efficiency of the industry. This st…
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"The study looks at two main objectives, the asset pricing characteristics and the response to annual earnings announcements of the Ghana Stock Market (GSM). The study hypothesizes that the GSM, as a typical African emerging stock market, is not eff…
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"This paper finds that G-20 countries have responded through fast and large bailouts, historically large fiscal stimuli and accommodative monetary policies. It seems that African countries could learn from this, and in part they should indeed do so …
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"The objective of this study was to estimate a long and short run money demand function in the Rwandan economy. Using the Johansen approach, this paper established that there was a stable long-run equilibrium relationship between the demand for re…
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"This study estimated an error correction model of the impact of real effective exchange rate volatility on the performance of non-traditional exports for Zambia between 1965 and 1999. Using a generalized autoregressive conditional hetero-scedastici…
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"This study identifies the range of financial assets that can adequately approximate financial deepening,which simply means an increase in the supply of financial assets in the economy. FD is represented by two variables, the degree of financial int…
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"This paper presents an analysis of the impact of financial liberalization on the conduct of banking business and its impact on the real sector. Survey results show that the overall assessment by commercial banks of financial sector liberalization i…
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"Financial sector reforms began in Nigeria with the deregulation of interest rates in August 1987. Since then, far-reaching policy measures including the chartering of new banks, reform of the capital market and a move from direct to indirect moneta…
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