June 2017

Bank efficiency and default risk: The case of Ghana

There seem to be inconclusive results regarding the interactions between bank efficiency, default risk and bank capital. This study tries to assess the dynamic interactions between efficiency estimates, default risk and bank capital in the Ghanaian banking industry, using bank specific panel data for 20 Ghanaian banks from 2007 to 2015. We employ panel vector autoregressive models (VAR) models which are estimated using...

Author(s): Sarpong David (Jnr.) and Winful Christian Ernest

June 2017

The impact of capital flight from beautiful places: The case of the small open economy of Trinidad and Tobago

This paper examines the relationship among capital flight, domestic investment and economic growth in the small resource based economy of Trinidad and Tobago. The study utilized capital flight estimates from previous work. A Vector Error Correction Model (VECM) combing short run and long run analysis is presented. The results confirm the a priori expectation that the financial haemorrhage of capital flight is a...

Author(s): Michelle Salandy and Lester Henry