Working Papers


The Centre for Global Finance (CGF) Working Paper Series features recent studies by resident members of CGF as well as visiting researchers, altogether demonstrating the depth and breadth of research being undertaken at CGF. The papers are published to facilitate preliminary dissemination of ongoing research, enhance quality of work and contribute to the advancement of knowledge.


2018 Working Paper Series

The peer monitoring role of the interbank market and implications for bank regulation: Evidence from Kenya
By Victor Murinde, Ye Bai, Christopher J. Green, Isaya Maana, Samuel Tiriongo, and Kethi Ngoka-Kisinguh

Pan-African Banks on the Rise: Does Cross-Border Banking Increase Firms' Access to Finance in WAEMU?By Désiré Kanga,Victor Murinde, Lemma Senbet, and Issouf Soumaré

Climate Vulnerability and the Cost of Debt
By Gerhard Kling, Yuen C Lo, Victor Murinde, and Ulrich Volz

Financial inclusion and economic growth: What do we know?
By Joshua Y. Abor, Haruna Issahaku, Mohammed Amidu and Victor Murinde

Lessons from Emerging Economies for African Low Income countries on Managing Capital Flows
By Stephany Griffith-Jones and José Antonio Ocampo


Does microcredit increase hope, aspirations and well-being?Evidence from Sierra Leone
By Adriana Garcia, Robert Lensink, and Maarten Voors


Bank opacity and risk-taking: Evidence from analysts’ forecasts
By Samuel Fosu, Collins G. Ntim, William Coffie, and Victor Murinde

Corporate investment, financing and payout decisions under financial constraints and uncertainty: Evidence from UK firms
By Qingwei Meng, Victor Murinde and Ping Wang

National culture, CEO power and risk-taking by global banks
By Eilnaz Kashefi Pour and Victor Murinde

Let beholders behold: Can banks see beyond oil booms and mitigate the Dutch disease?
By Morakinyo O. Adetutu, John E. Ebireri , Victor Murinde and Kayode A. Odusanya.

Reflections on central banking
By Victor Murinde and Patrick Njoroge.

The persistence of bank fragility in Africa: GMM dynamic panel data evidence
By Abbi M. Kedir, Syed Faizan Iftikhar, Victor Murinde and Bernadette Kamgnia

Capital flows and productivity in Africa: The angel is in the details
By François A. B.  Bationo, Stephany Griffith-Jones, Victor Murinde, Issouf Soumaré and Judith Tyson.

Capital, risk and profitability of WAEMU banks:  Does cross-border banking matter?
By Désiré Kanga, Victor Murinde, and Issouf Soumaré