Journal of Economics and International Finance
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Article Number - 006B53266536


Vol.9(9), pp. 89-94 , October 2017
DOI: 10.5897/JEIF2017.0860
ISSN: 2006-9812



Full Length Research Paper

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



Assoumou Ondo
  • Assoumou Ondo
  • Faculty of Law and Economics, Omar Bongo University, Libreville, Gabon.
  • Google Scholar







 Received: 31 July 2017  Accepted: 19 October 2017  Published: 31 October 2017

Copyright © 2017 Author(s) retain the copyright of this article.
This article is published under the terms of the Creative Commons Attribution License 4.0


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 has contrasted effects on financial stability in EMCCA, according to regimes determined by the evolution of the price of oil.

 

Key words: Public debt, financial stability, oil price threshold.

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APA Assoumou, O. (2017). Public debt and financial stability: The case of economic community and monetary union of central Africa (EMCCA). Journal of Economics and International Finance, 9(9), 89-94.
Chicago Assoumou Ondo. "Public debt and financial stability: The case of economic community and monetary union of central Africa (EMCCA)." Journal of Economics and International Finance 9, no. 9 (2017): 89-94.
MLA Assoumou Ondo. "Public debt and financial stability: The case of economic community and monetary union of central Africa (EMCCA)." Journal of Economics and International Finance 9.9 (2017): 89-94.
   
DOI 10.5897/JEIF2017.0860
URL http://academicjournals.org/journal/JEIF/article-abstract/006B53266536

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