The Independence of Central Banks, Political Institutional Quality and Financial Sector Development in Africa

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dc.contributor.authorAgoba, A.M.
dc.contributor.authorAbor, J.Y.
dc.contributor.authorOsei, K.A.
dc.contributor.authorSa-Aadu, J.
dc.date.accessioned2020-03-10T15:41:24Z
dc.date.available2020-03-10T15:41:24Z
dc.date.issued2020-01-14
dc.descriptionResearch Articleen_US
dc.description.abstractCentral Bank Independence (CBI) as a mechanism for achieving lower inflation and effective regulation and supervision of the financial sector should promote financial sector development. Though there is not much difference in CBI legal provisions, it seems to be more effective in developed countries than in African countries. There are suggestions that this could be due to differences in political institutional quality. Using panel data from 1970 to 2012, we find that CBI does not promote financial development in Africa. The impact of CBI is dependent on the level of development of a country. CBI promotes financial development more in countries with strong political institutionsen_US
dc.identifier.otherDOI: 10.1177/0972652719877474
dc.identifier.urihttp://ugspace.ug.edu.gh/handle/123456789/35208
dc.language.isoenen_US
dc.publisherJournal of Emerging Market Financeen_US
dc.relation.ispartofseries;1-35
dc.subjectCentral bank independenceen_US
dc.subjectfinancial developmenten_US
dc.subjectinstitutional qualityen_US
dc.subjectAfricaen_US
dc.subjectemerging marketsen_US
dc.subjectdeveloping countriesen_US
dc.titleThe Independence of Central Banks, Political Institutional Quality and Financial Sector Development in Africaen_US
dc.typeArticleen_US

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