Journal of
Economics and International Finance

  • Abbreviation: J. Econ. Int. Finance
  • Language: English
  • ISSN: 2006-9812
  • DOI: 10.5897/JEIF
  • Start Year: 2009
  • Published Articles: 362

Full Length Research Paper

Banking crises and inflation dynamics in the West Africa Monetary Zone (WAMZ)

  Adegoke I. ADELEKE and Joseph O. OGEBE  
Department of Economics, University of Ibadan, Nigeria.
Email: [email protected]

  •  Accepted: 20 August 2013
  •  Published: 30 September 2013

Abstract

 

This paper examines the impact of banking crises on inflation in West Africa Monetary Zone (WAMZ) from 1970 to 2012. It adopts the modified monetarist theory of inflation that is based on dynamic panel estimation technique to analyze the dynamics of inflation and banking crises. The paper indicates that banking crises increases the rate of inflation in WAMZ. The study concludes that incessant banking crises can thwart the effectiveness of monetary policy and the achievement of single central bank and thus common currency among member states in WAMZ.

 

Key words: Banking crises, inflation, panel data analysis, WAMZ.

Abbreviation

JEL Classification: G01, E31, C33

Copyright © 2024 Author(s) retain the copyright of this article.

This article is published under the terms of the Creative Commons Attribution License 4.0

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