October 2017

Public debt and financial stability: The case of economic community and monetary union of central Africa (EMCCA)

This article analyzes the relationships between public debt and financial stability. Unlike traditional approaches based on linear panels (dynamic or static), we estimate a nonlinear regime change panel (PSTR) characterizing the relationships between public debt and financial stability for the member countries of the Economic Community, and Monetary Union of Central Africa (EMCCA). The results show that the public debt...

Author(s): Assoumou Ondo