Transmission of Financial Crisis: Evidence of Sub-Sahara Africa (SSA)

15 Pages Posted: 10 Apr 2016

Date Written: April 5, 2016

Abstract

The world was struck by a chain of financial crisis between 2006 and 2012. In 2007, began the subprime crisis which gave way to European debt crisis in 2010. As the world tried to recover in 2009, this European debt crisis and Greece sovereign debt (2011) set in. The study investigates through descriptive techniques, correlation and regression, evidence and openings through which these crisis reached and how it affected Sub-Sahara Africa. Using three indicators; GDP growth rate, export/GDP ratio and inflation, we found statistically evidence of the financial tumor in this continent. With numerous indicators of financial crisis we could limit ourselves to three because the data source provided us with more detail information. We suggested that African government multinational and local firms should have expert that can predict and mitigate the impact of a financial crisis.

Keywords: Financial crisis, Transmission, GDP growth rate, Export/GDP ratio, Inflation.

JEL Classification: F49

Suggested Citation

Toh, Tasoh and Alexis, Ndayishimiye and Githui, Winnie, Transmission of Financial Crisis: Evidence of Sub-Sahara Africa (SSA) (April 5, 2016). Available at SSRN: https://ssrn.com/abstract=2759674 or http://dx.doi.org/10.2139/ssrn.2759674

Ndayishimiye Alexis

Daegu University ( email )

Jinrang, Gyeongsan, Gyeongsangbuk
Korea, Republic of (South Korea)

Winnie Githui

Daegu University ( email )

Jinrang, Gyeongsan, Gyeongsangbuk
Korea, Republic of (South Korea)

Do you have a job opening that you would like to promote on SSRN?

Paper statistics

Downloads
36
Abstract Views
445
PlumX Metrics