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Financial sector development and threshold effect of inflation in ECOWAS and SADC: A Panel smooth transition regression approach

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  • Sulemana Mahawiya

Abstract

The financial sector of an economy is now widely agreed to constitute a potential important channel for growth. Many regions such as Sub-Saharan Africa, however, have relatively underdeveloped financial sector. Although several policy designs have been used to induce growth in the sector, there has been little or no success in the majority of the […]

Suggested Citation

  • Sulemana Mahawiya, 2015. "Financial sector development and threshold effect of inflation in ECOWAS and SADC: A Panel smooth transition regression approach," Working Papers 539, Economic Research Southern Africa.
    • Handle: RePEc:rza:wpaper:539
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    More about this item

    Keywords

    Africa; financial development; Inflation; Monetary Policy; Panel data; Political Union;
    All these keywords.

    JEL classification:

    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • O16 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance

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