This paper examines the determinants of the exit behaviour of banks in the Nigerian consolidation... more This paper examines the determinants of the exit behaviour of banks in the Nigerian consolidation program during July 2004 and December 2005. We conceptualise the exit process in a flexible bivariate competing risks model to examine the importance of macroeconomic and industry-specific factors for both merged banks and failed banks jointly. The preliminary results suggest that bank-specific characteristics mattered more for preventing bank failure than they did for emergence of the M&A banks. Second, the Central Bank of Nigeria’s assistance was highly influential in preventing bank failure, and, for banks that benefited, the assistance increased their probability of being merged or acquired. Also, we found no strong evidence suggesting that the prevailing macroeconomic conditions and industry-specific factors had influenced exit behaviour of banks during the consolidation exercise. We found evidence of structural dependence between failure and merger and acquisition hazards induced ...
… at the African Econometric Conference in Nigeria, 2009
... and Adebiyi (2007) evaluated potentials for remittances in poverty reduction using partial eq... more ... and Adebiyi (2007) evaluated potentials for remittances in poverty reduction using partial equilibrium analysis. ... industry and assesses the implications of these for improvement of the impact of the ... estimate that the country loses about 36.1 percent of all its skilled manpower with ...
Page 53. Central Bank of Nigeria Economic and Financial Review Volume 48/3 September 2010 49 Dome... more Page 53. Central Bank of Nigeria Economic and Financial Review Volume 48/3 September 2010 49 Domestic Macroeconomic Policies and Capital Flight from Nigeria: Evidence from a Macro-econometric Model Chukwuma ...
Final Report Submitted to the African Economic …, 2007
... Before then, policy time horizon hardly (if ever) exceeded one year (Nnanna 2002). ... Accord... more ... Before then, policy time horizon hardly (if ever) exceeded one year (Nnanna 2002). ... According to Nnanna (2002), interest rate was high for the greater part of sample period and beginning immediately from the financial liberalization. ...
Journal of African Finance and Economic Development, 2002
... of Nigeria: Issues and Policy Options By Agu, Chukwuma African Institute For Applied Economic... more ... of Nigeria: Issues and Policy Options By Agu, Chukwuma African Institute For Applied Economics 128 Park Avenue, GRA, PO Box 2147 Phone: +234 (0) 42 256 644 +234(0) 803 704 5453 Fax: +234 (0) 42 256035 E-Mail: shookslife@yahoo.comaiae@infoweb.abs.net ...
... But two challenges emanate from an economic efficiency perspective of the division of ... fro... more ... But two challenges emanate from an economic efficiency perspective of the division of ... from governments to the private sector through reduced taxes and increased expenditures, maybe a ... In particular, revenue generation and retention often define the balance of power among ...
While in practice, infrastructure decentralisation is gaining ground in developing countries, it ... more While in practice, infrastructure decentralisation is gaining ground in developing countries, it is not clear that it is supported by robust literature on its capacity to deliver superior growth and poverty reduction outcomes. Rather, a number of social goals seem to be behind the push for decentralisation. While these lofty goals should be encouraged, the trade-off with economic efficiency can
This paper examines the determinants of the exit behaviour of banks in the Nigerian consolidation... more This paper examines the determinants of the exit behaviour of banks in the Nigerian consolidation program during July 2004 and December 2005. We conceptualise the exit process in a flexible bivariate competing risks model to examine the importance of macroeconomic and industry-specific factors for both merged banks and failed banks jointly. The preliminary results suggest that bank-specific characteristics mattered more for preventing bank failure than they did for emergence of the M&A banks. Second, the Central Bank of Nigeria’s assistance was highly influential in preventing bank failure, and, for banks that benefited, the assistance increased their probability of being merged or acquired. Also, we found no strong evidence suggesting that the prevailing macroeconomic conditions and industry-specific factors had influenced exit behaviour of banks during the consolidation exercise. We found evidence of structural dependence between failure and merger and acquisition hazards induced ...
… at the African Econometric Conference in Nigeria, 2009
... and Adebiyi (2007) evaluated potentials for remittances in poverty reduction using partial eq... more ... and Adebiyi (2007) evaluated potentials for remittances in poverty reduction using partial equilibrium analysis. ... industry and assesses the implications of these for improvement of the impact of the ... estimate that the country loses about 36.1 percent of all its skilled manpower with ...
Page 53. Central Bank of Nigeria Economic and Financial Review Volume 48/3 September 2010 49 Dome... more Page 53. Central Bank of Nigeria Economic and Financial Review Volume 48/3 September 2010 49 Domestic Macroeconomic Policies and Capital Flight from Nigeria: Evidence from a Macro-econometric Model Chukwuma ...
Final Report Submitted to the African Economic …, 2007
... Before then, policy time horizon hardly (if ever) exceeded one year (Nnanna 2002). ... Accord... more ... Before then, policy time horizon hardly (if ever) exceeded one year (Nnanna 2002). ... According to Nnanna (2002), interest rate was high for the greater part of sample period and beginning immediately from the financial liberalization. ...
Journal of African Finance and Economic Development, 2002
... of Nigeria: Issues and Policy Options By Agu, Chukwuma African Institute For Applied Economic... more ... of Nigeria: Issues and Policy Options By Agu, Chukwuma African Institute For Applied Economics 128 Park Avenue, GRA, PO Box 2147 Phone: +234 (0) 42 256 644 +234(0) 803 704 5453 Fax: +234 (0) 42 256035 E-Mail: shookslife@yahoo.comaiae@infoweb.abs.net ...
... But two challenges emanate from an economic efficiency perspective of the division of ... fro... more ... But two challenges emanate from an economic efficiency perspective of the division of ... from governments to the private sector through reduced taxes and increased expenditures, maybe a ... In particular, revenue generation and retention often define the balance of power among ...
While in practice, infrastructure decentralisation is gaining ground in developing countries, it ... more While in practice, infrastructure decentralisation is gaining ground in developing countries, it is not clear that it is supported by robust literature on its capacity to deliver superior growth and poverty reduction outcomes. Rather, a number of social goals seem to be behind the push for decentralisation. While these lofty goals should be encouraged, the trade-off with economic efficiency can
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