This study examines whether the hierarchy of G7 connectedness with the South African equity market remains stable through time and across investment horizons. Using 4,520 daily USD-denominated stock index returns for South Africa and the seven G7 markets from 3 July 2006 to 27 October 2023, the ... Read More

Does monetary financing of an unfunded fiscal expansion weaken the balance sheet of banks? We address this question by developing a small open-economy DSGE model that integrates fiscal-monetary interactions, an endogenous country risk premium, and a banking sector. We estimate the model using ... Read More

The Covid-19 had a multidimensional impact on all countries in the world. This impact was even more apparent in terms of food insecurity, highly prevalent in African. This was mainly driven by economic, social and political factors with governments newly introduced policy responses to reduce th... Read More

This paper examines short-run employment transitions in Ghana using quarterly panel data from the Ghana Annual Household Income and Expenditure Survey (AHIES), 2022Q1–2024Q4. Focusing on economically active individuals aged 15–64, the study analyses transitions from non-income states into inco... Read More

This study examines the relationship between bank liquidity creation and financial stability in GCC countries, with particular emphasis on the moderating roles of income diversification and African geopolitical risk. Using a panel of 120 banks from six GCC countries over the period 2000–2021, th... Read More

This scientometric analysis investigates the evolution of cash transfer programmes in emerging economies, focusing on the shifts in programme design, implementation mechanisms, and effectiveness metrics triggered by the COVID-19 pandemic. The study reveals how the crisis catalysed rapid transfo... Read More

This study re-examines the idiosyncratic volatility (IVOL) puzzle in an emerging market setting by investigating whether firm-specific risk is systematically priced in the cross-section of Indian equity returns. Using a comprehensive panel of 1,356 non-financial firms listed on the National Sto... Read More

This comprehensive bibliometric analysis examines research on Social Financial Grants (SFGs) and poverty eradication in Sub-Saharan Africa from 2003 to 2024. Through a systematic review of publications from Scopus, this research elucidates the scientific evolution, emerging trends, and future d... Read More

While the main purpose of microfinance institutions (MFIs) is to provide the poorest segment of the population access to capital, it also aims at being profitable to ensure continuity. Achieving higher levels of profitability enables MFIs to achieve self-sufficiency and become less reliant on d... Read More

This paper investigates the relationship between official development assistance (ODA) and economic growth (GDP) in the Democratic Republic of Congo (DRC) using a Vector Error Correction Model (VECM) over 2000Q1-2021Q4. Given data constraints, annual macroeconomic series are temporally disaggr... Read More