August 2010
The impact of three major banking statutes on bank failures in the U.S., 1970 - 2008
Bank solvency questions and bank failures in the U.S. have become issues of renewed concern in recent years. Given the significance of bank solvency and bank failures for the health and stability of the U.S. economy, it is imperative to have insights into factors that systematically influence bank failures, including major federal government banking statutes that have been implemented. Accordingly, this...
August 2010
Is the Senegalese accelerated growth strategy pro-poor?
The main purpose of Senegalese accelerated growth strategy (AGS) is to boost economic growth so as to make poor people share its benefits. In any given economy, there is a relationship between growth, poverty reduction and income distribution. In this paper, based on a dynamic computable general equilibrium model and pro-poor measures, the author experiment the quality of AGS pattern. It turns out that...
August 2010
Can monetary policy enhance remittances for economic growth in Africa? The case of Nigeria
Remittances are a vital component of liquidity flows in Nigeria. This paper evaluates the role of monetary policy in enhancing remittances for economic growth. The vector autoregressive methodology is applied with two stage deductions. The monetary policy rate first impacts intervening variables- exchange rate, interest rate, inflation etc- which in turn impact remittance flows. The data set are tested for...
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