|Unbearable Costs: When Is Inflation Impeding Job Creation? Evidence from Sub-Saharan Africa|
Author/Editor: Ibrahima Camara, Rasmané Ouedraogo, Amadou N Sy.
Release Date:March, 2023
Covid-19 and war-induced commodity price fluctuations, and broadening price pressures have led to a surge in inflation in many sub-Saharan Africa (SSA) countries. To adjust to increasing costs, firms more...
|Can Digitalization Help Deter Corruption in Africa?|
Author/Editor: Rasmané Ouedraogo, Amadou N Sy.
Release Date:May, 2020
This paper studies the effect of digitalization on the perception of corruption and trust in tax officials in Africa. Using individual-level data from Afrobarometer surveys and several indices of more...
|Coping with Falling Oil Prices: The Different Fortunes of African Banks|
Author/Editor: Cheikh A Gueye, Asithandile Mbelu, Amadou N Sy.
Release Date:June, 2019
This paper studies the impact of declining oil prices on banks in sub-Saharan African oil-exporting countries. Results indicate that banks respond differently to an oil shock depending on their more...
|FinTech in Sub-Saharan African Countries : A Game Changer?|
Author/Editor: Amadou N Sy, Rodolfo Maino, Alexander Massara, Hector Perez Saiz, Preya Sharma.
Release Date:February, 2019
FinTech is a major force shaping the structure of the financial industry in sub-Saharan Africa. New technologies are being developed and implemented in sub-Saharan Africa with the potential to change more...
|The Impact of Bailouts on the Probability of Sovereign Debt Crises: Evidence from IMF-Supported Programs|
Author/Editor: Hippolyte W Balima, Amadou N Sy.
Release Date:January, 2019
This paper studies the role of IMF-supported programs in mitigating the likelihood of subsequent sovereign defaults in borrowing countries. Using a panel of 106 developing countries from 1970 to 2016 more...
|How Did Markets React to Stress Tests?|
Author/Editor: Bertrand Candelon, Amadou N. R. Sy.
Release Date:April, 2015
We use event study methods to compare the market reaction to U.S. and EU-wide stress tests performed from 2009 to 2013. Typically, stress tests have a positive impact on stressed banksâ€™ returns. more...
|Beyond the Curse : Policies to Harness the Power of Natural Resources|
Author/Editor: Amadou N Sy, Rabah Arezki, Thorvaldur Gylfason.
Release Date:January, 2012
Countries with an abundance of natural resources, many of which are in sub-Saharan Africa, often show a record of relatively poor economic performance compared with non-resource-rich countries. The more...
|How Risky Are Banks' Risk Weighted Assets? Evidence From the Financial Crisis|
Author/Editor: Sonali Das, Amadou N Sy.
Release Date:January, 2012
We study how investors account for the riskiness of banks' risk-weighted assets (RWA) by examining the determinants of stock returns and market measures of risk. We find that banks with higher RWA more...
|Are there Spillover Effects From Munis?|
Author/Editor: Bertrand Candelon, Rabah Arezki, Amadou N. R. Sy.
Release Date:December, 2011
This paper studies the spillover effects both within the bond markets for individual U.S. states and between the latter and the market for U.S. Treasury securities. We perform the Forbes and Rigobon more...
|Sovereign Rating News and Financial Markets Spillovers : Evidence From the European Debt Crisis|
Author/Editor: Bertrand Candelon, Amadou N. R. Sy, Rabah Arezki.
Release Date:March, 2011
This paper examines the spillover effects of sovereign rating news on European financial markets during the period 2007-2010. Our main finding is that sovereign rating downgrades have statistically more...