PUBLICATIONS
The AGDI has published substantially in fulfillment of its mission statement of contributing to knowledge towards African development:
IDEAS
http://ideas.repec.org/d/agdiycm.html
ECONSTOR
https://www.econstor.eu/dspace/escollectionhome/10419/123513
Publication List
2020 |
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1. | A., Nnanna Asongu J S Foreign Trade Review, 2020. Abstract | Links | BibTeX | Tags: Financial Crisis, Globalisation @article{Asongub, author = {Nnanna J Asongu S. A.}, url = {https://journals.sagepub.com/eprint/G4FIRTG8TGNCUYWWBPAQ/full}, doi = {10.1177/0015732520961313}, year = {2020}, date = {2020-10-28}, journal = {Foreign Trade Review}, abstract = {This study unites two streams of research by simultaneously focusing on the impact of financial globalisation on financial development and pre- and post-crisis dynamics of the investigated relationship. The empirical evidence is based on 53 African countries for the period 2004–2011 and Generalised Method of Moments. The following findings are established. First, whereas marginal effects from financial globalisation are positive on financial dynamics of activity and size, corresponding net effects (positive thresholds) are negative (within range). Second, while decreasing financial globalisation returns are apparent for financial dynamics of depth and efficiency, corresponding net effects (negative thresholds) are positive (not within range). Third, financial development dynamics are more weakly stationary and strongly convergent in the pre-crisis period. Fourth, the net effect from the: pre-crisis period is lower on money supply and banking system efficiency; post-crisis period is positive on financial system efficiency and pre-crisis period is positive on financial size.}, keywords = {Financial Crisis, Globalisation}, pubstate = {published}, tppubtype = {article} } This study unites two streams of research by simultaneously focusing on the impact of financial globalisation on financial development and pre- and post-crisis dynamics of the investigated relationship. The empirical evidence is based on 53 African countries for the period 2004–2011 and Generalised Method of Moments. The following findings are established. First, whereas marginal effects from financial globalisation are positive on financial dynamics of activity and size, corresponding net effects (positive thresholds) are negative (within range). Second, while decreasing financial globalisation returns are apparent for financial dynamics of depth and efficiency, corresponding net effects (negative thresholds) are positive (not within range). Third, financial development dynamics are more weakly stationary and strongly convergent in the pre-crisis period. Fourth, the net effect from the: pre-crisis period is lower on money supply and banking system efficiency; post-crisis period is positive on financial system efficiency and pre-crisis period is positive on financial size. |
2013 |
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2. | Asongu, Simplice A Globalization and Financial Market Contagion: Evidence from Financial Crisis and Natural Disasters 2013. Abstract | Links | BibTeX | Tags: Contagion, Financial Crisis, Globalization @workingpaper{Asongu2013bj, title = {Globalization and Financial Market Contagion: Evidence from Financial Crisis and Natural Disasters}, author = {Simplice A Asongu}, editor = {African 2013 Governance and Development Institute WP/13/035}, url = {http://www.afridev.org/RePEc/agd/agd-wpaper/Globalisation-and-financial-market-contagion.pdf}, year = {2013}, date = {2013-09-01}, abstract = {With financial globalization, investors can gain from diversification if returns from financial markets are stable and not correlated. However with volatility spillovers, increase in crossmarket correlations exist as a real-effect and are not taken into account for asset allocation and portfolio composition. This chapter assesses financial contagion from two recent trends in the world economy: the global financial crisis and the 2011 Japanese natural disasters (tsunami, earthquake and nuclear crises).}, keywords = {Contagion, Financial Crisis, Globalization}, pubstate = {published}, tppubtype = {workingpaper} } With financial globalization, investors can gain from diversification if returns from financial markets are stable and not correlated. However with volatility spillovers, increase in crossmarket correlations exist as a real-effect and are not taken into account for asset allocation and portfolio composition. This chapter assesses financial contagion from two recent trends in the world economy: the global financial crisis and the 2011 Japanese natural disasters (tsunami, earthquake and nuclear crises). |