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دسته بندی:
بانکداری - Banking
سال انتشار:
2019
عنوان انگلیسی مقاله:
Remittance volatility and financial sector development in sub-Saharan African countries
ترجمه فارسی عنوان مقاله:
نوسانات حواله و توسعه بخش مالی در کشورهای جنوب صحرای آفریقا
منبع:
Sciencedirect - Elsevier - Journal of Policy Modeling, 41 (2019) 336-351: doi:10:1016/j:jpolmod:2018:11:001
نویسنده:
countriesPieter Opperman∗, Charles Komla Delali Adjasi
چکیده انگلیسی:
In this study we examine the relationship between remittances, remittance volatility and financial sectordevelopment in sub-Saharan Africa using a two-step system GMM estimator over the period 2002–2014.Separately focussing on banking sector- and stock market development, our study distinguishes betweenthe effect of remittances and remittance volatility on financial sector depth and financial sector efficiency.The results indicate remittances act as a substitute for the formal banking system in sub-Saharan Africancountries. We further provide evidence that remittance volatility is detrimental to both banking sector depthand efficiency. No evidence is found that remittance volatility is related to stock market development. Apolicy implication from our study is that sub-Saharan African countries should have measures in place tomonitor the predictability of remittances while the cost of remittance transfer needs to be investigated.
Keywords: Remittance volatility | Financial development | Panel data
قیمت: رایگان
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