February 2022

Panel VAR analysis of liberalization and financial development dynamics: Evidence from Sub-Sahara Africa (SSA)

After decades of failed developmental efforts, many economies around the world employed the McKinnon-Shaw liberalization thesis to propel the development of their financial systems. Whiles some of these economies had success stories, others had frustrating outcomes. This study examines the financial liberalisation and financial development dynamics considering inflationary effects, in SSA spanning 2000 to 2019. We...

Author(s): Iddrisu Suhaibu, Abdulai Abdul-Malik and Charles Kwaku Adzagbre