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Keywords: Contraction of credit
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Journal Articles
Does regional currency integration ameliorate global macroeconomic shocks in sub-Saharan Africa? The case of the 2008-2009 global financial crisis
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Journal:
Journal of Economic Studies
Journal of Economic Studies (2014) 41 (5): 737–750.
Published: 02 September 2014
.... Findings – Parameter estimates from GEE specifications reveal that the contraction in credit during the financial crisis of 2008-2009 had larger adverse growth effects on sub-Saharan African countries who were members of the CFAZ eurocurrency union. The authors also find that sub-Saharan African...
