Emmanuel Onwioduokit

West African Monetary Institute | WAMI · FINANCIAL INTEGRATION

Turmoil in international financial markets has generated widespread instability in recent times, visiting calamity on millions of people across the globe. Although financial crises have occurred for as long as there have been financial markets, the crises in the emerging countries in the late 1990s and in 2000/2001 were global and potentially more...

One of the expectations of financial sector reforms is an increase in the efficiency of the financial system, which often results in reduced cost of intermediation through convergence of relevant interest rates and by extension the reduction in the spread between savings and lending rates. The literature has also identified several micro and macro...