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The Impact of the 2014-16 Global Commodity Price Declines on Sub-Saharan African Financial Economy

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  • Ashford C. Chea

Abstract

The aim of the article has been to ascertain the impact of the global commodity price declines on SSA¡¯s financial economy. Analysis showed that the global commodity price deterioration impacted SSA financial systems in many areas including increased borrowing costs, financial sector strains, and tighter private sector funding conditions. The article analyzes the traditional role of the financial sector in channeling capital to support the real economy in SSA. Also discussed are the linkages of the price shock on the continent¡¯s financial economy. Finally, the paper outlined the outlook and growth prospects for SSA financial sector stability and long-term development.

Suggested Citation

  • Ashford C. Chea, 2017. "The Impact of the 2014-16 Global Commodity Price Declines on Sub-Saharan African Financial Economy," International Journal of Economics and Finance, Canadian Center of Science and Education, vol. 9(6), pages 162-166, June.
    • Handle: RePEc:ibn:ijefaa:v:9:y:2017:i:6:p:162-166
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    References listed on IDEAS

    as
    1. AfDB AfDB, 2013. "Africa and Global Economic Trends Quarterly Review - Fourth Quarter 2012," Africa and Global Economic Trends Quarterly Review 450, African Development Bank.
    2. Ashford C. Chea, 2015. "The Euro Zone Economic Crisis and Sub-Saharan Africa¡¯s Real Economy: Analysis and the Way Forward," Business and Economic Research, Macrothink Institute, vol. 5(2), pages 256-269, December.
    3. Ashford C. Chea, 2016. "The Euro Zone Financial Meltdown and Sub-Saharan Africa’s Financial Sector: Analysis and The Way Forward for Financial Development and Economic Growth," International Journal of Regional Development, Macrothink Institute, vol. 3(1), pages 1-81, December.
    4. AfDB AfDB, 2013. "Africa and Global Economic Trends Quarterly Review - First Quarter 2013," Africa and Global Economic Trends Quarterly Review 475, African Development Bank.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Ashford C. Chea, 2018. "The 2014-16 Global Commodity Price Declines and Sub-Saharan Africa¡¯s Real Economy: Analysis for Sustainable Development," Business and Management Research, Business and Management Research, Sciedu Press, vol. 7(1), pages 27-34, March.

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    More about this item

    Keywords

    commodity; price; declines; economy; financial; global; impact; Sub-Saharan Africa;
    All these keywords.

    JEL classification:

    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • Z0 - Other Special Topics - - General

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