AGDI currently has about 300 publications.
2011 |
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1. | Asongu, Simplice A Journal Article Journal of Advanced Research in Law and Economics, 2 (2), pp. 94-108., 2011. Abstract | BibTeX | Tags: Banking; allocation efficiency; exchange rate; inflation; economic integration @article{Asongu_845, author = {Simplice A Asongu}, year = {2011}, date = {2011-10-05}, journal = {Journal of Advanced Research in Law and Economics}, volume = {2}, number = {2}, pages = {94-108.}, abstract = {The dominance of English common-law countries in prospects for financial development in the legal-origins debate has been debunked by recent findings. Using exchange rate regimes and economic/monetary integration oriented hypotheses, this paper proposes an “inflation uncertainty theory” in providing theoretical justification and empirical validity as to why French civil-law countries have higher levels of financial allocation efficiency. Inflation uncertainty, typical of floating exchange rate regimes accounts for the allocation inefficiency of financial intermediary institutions in English common-law countries. As a policy implication, results support the benefits of fixed exchange rate regimes in financial intermediary allocation efficiency.}, keywords = {Banking; allocation efficiency; exchange rate; inflation; economic integration}, pubstate = {published}, tppubtype = {article} } The dominance of English common-law countries in prospects for financial development in the legal-origins debate has been debunked by recent findings. Using exchange rate regimes and economic/monetary integration oriented hypotheses, this paper proposes an “inflation uncertainty theory” in providing theoretical justification and empirical validity as to why French civil-law countries have higher levels of financial allocation efficiency. Inflation uncertainty, typical of floating exchange rate regimes accounts for the allocation inefficiency of financial intermediary institutions in English common-law countries. As a policy implication, results support the benefits of fixed exchange rate regimes in financial intermediary allocation efficiency. |
2. | Asongu, Simplice A Why do French civil-law countries have higher levels of financial efficiency? 2011. Abstract | Links | BibTeX | Tags: Banking; allocation efficiency; exchange rate; inflation; economic integration @workingpaper{Asongu2011bl, title = {Why do French civil-law countries have higher levels of financial efficiency?}, author = {Simplice A Asongu}, editor = {African 2011 Governance and Development Institute WP/11/011}, url = {http://www.afridev.org/RePEc/agd/agd-wpaper/Why-do-french-civil-law-countries-have-higher-levels-of-financial-efficiency.pdf}, year = {2011}, date = {2011-10-01}, abstract = {The dominance of English common-law countries in prospects for financial development in the legal-origins debate has been debunked by recent findings. Using exchange rate regimes and economic/monetary integration oriented hypotheses, this paper proposes an “inflation uncertainty theory” in providing theoretical justification and empirical validity as to why French civil-law countries have higher levels of financial allocation efficiency. Inflation uncertainty, typical of floating exchange rate regimes accounts for the allocation inefficiency of financial intermediary institutions in English common-law countries. As a policy implication, results support the benefits of fixed exchange rate regimes in financial intermediary allocation efficiency.}, keywords = {Banking; allocation efficiency; exchange rate; inflation; economic integration}, pubstate = {published}, tppubtype = {workingpaper} } The dominance of English common-law countries in prospects for financial development in the legal-origins debate has been debunked by recent findings. Using exchange rate regimes and economic/monetary integration oriented hypotheses, this paper proposes an “inflation uncertainty theory” in providing theoretical justification and empirical validity as to why French civil-law countries have higher levels of financial allocation efficiency. Inflation uncertainty, typical of floating exchange rate regimes accounts for the allocation inefficiency of financial intermediary institutions in English common-law countries. As a policy implication, results support the benefits of fixed exchange rate regimes in financial intermediary allocation efficiency. |