July 2016

Poverty incidence in Nigeria: Does financial deepening matter?

Economic policies in every nation strive to attain basic macroeconomic goals, one of which is poverty reduction. The paper examines empirically whether or not financial deepening has played a significant role in poverty alleviation effort in Nigeria for the period 1990 to 2013. Utilizing both quantitative and descriptive analyses, the paper estimated three models in which poverty rates for the rural areas, urban areas...

Author(s): Dabwor, T. Dalis and Abimiku, A. Christopher

July 2016

The determinants of interest rate spread: Empirical evidence from the Central African economic and monetary community

In spite of the reforms undertook during the 1980s and 1990s in favour of financial deepening, the spread between the lending rate and the deposit rate is still high in the member countries of the Central African Economic and Monetary Community (CAEMC). Thus, the aim of this study is to investigate the determinants of banking spread in those countries. In that vein, the study employs two-step regression proposed by Ho...

Author(s): Achille Dargaud Fofack

July 2016

Empirical evidence on capital structure determinants in Nigeria

The purpose of this paper is to investigate empirical evidence on capital structure determinants in Nigeria. This research has been performed using a sample of 50 companies listed on the Nigeria Stock Exchange from 2001 to 2010. The relationship between the short-term and long-term debt and four explanatory variables were observed. The results of the cross-sectional OLS regression revealed that the static trade-off...

Author(s): Ahmed Adeshina Babatunde

July 2016

Bank lending behavior and economy financing in CEMAC countries: Should we grease the wheel?

For the proponents of the “greasing the wheel” position, in the context of market imperfections, corruption helps in alleviating distortions in the credit market, facilitates access to bank credit and promotes the financing of the economy. The aim of this paper was to interrogate the impact of corruption on bank lending behavior in CEMAC countries, not only ranked among the most corrupt economies in the...

Author(s): Eze Eze Donatien