2013
DOI: 10.5897/jeif2013.0522
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Banking crises and inflation dynamics in the West Africa Monetary Zone (WAMZ)

Abstract: This paper examines the impact of banking crises on inflation in West Africa Monetary Zone (WAMZ) from 1970 to 2012. It adopts the modified monetarist theory of inflation that is based on dynamic panel estimation technique to analyze the dynamics of inflation and banking crises. The paper indicates that banking crises increases the rate of inflation in WAMZ. The study concludes that incessant banking crises can thwart the effectiveness of monetary policy and the achievement of single central bank and thus comm… Show more

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Cited by 2 publications
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“…For instance, Boar, Gambacorta, Lombardo andda Silva (2017) document less volatility in GDP growth for countries that use macroprudential policies, while Bergant, Grigoli, Hansen & Sandri (2020) find that macroprudential regulation alleviate the effects of global financial shocks on economic growth of emerging markets and thus improves macroeconomic stability. 1 Only recently has the relationship between price stability and macroprudential policy become the flavour of modern research. The general consensus is, however, mixed.…”
Section: Introduction and Review Of Literaturementioning
confidence: 99%
“…For instance, Boar, Gambacorta, Lombardo andda Silva (2017) document less volatility in GDP growth for countries that use macroprudential policies, while Bergant, Grigoli, Hansen & Sandri (2020) find that macroprudential regulation alleviate the effects of global financial shocks on economic growth of emerging markets and thus improves macroeconomic stability. 1 Only recently has the relationship between price stability and macroprudential policy become the flavour of modern research. The general consensus is, however, mixed.…”
Section: Introduction and Review Of Literaturementioning
confidence: 99%