Intricacies of financial liberalization, business models, and financial development on Bank stability in Africa

IF 4.6 2区经济学 Q1 BUSINESS, FINANCE

Emerging Markets Review Pub Date : 2025-07-30 DOI:10.1016/j.ememar.2025.101344

Mohammed Adem

引用次数: 0

Abstract

This study examines the nonlinear impact of financial regulation on stability by considering financial development and business models. Using African countries' data (2002–2019) and two-stage instrumental variable (2SIV) estimation, I find that excessive regulation beyond a certain threshold harms stability. Increasing non-interest income business models can improve the effectiveness of financial regulations and development by strengthening stability. Powerful supervision, restrictions, and entry barriers contribute to instability. Non-interest income business models can reduce the negative impact of supervision and market discipline. The past values of financial regulation, non-interest income business models, and development contain information that helps predict stability.

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错综复杂的金融自由化、商业模式和金融发展对非洲银行稳定性的影响

本文通过考虑金融发展和商业模式，考察了金融监管对稳定性的非线性影响。使用非洲国家的数据（2002-2019）和两阶段工具变量（2SIV）估计，我发现超过一定阈值的过度监管会损害稳定性。增加非利息收入业务模式可以通过加强稳定性来提高金融监管和发展的有效性。强有力的监督、限制和进入壁垒造成了不稳定。非利息收入业务模式可以减少监管和市场纪律的负面影响。金融监管、非利息收入业务模式和发展的过去价值包含有助于预测稳定性的信息。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Emerging Markets Review Multiple-

CiteScore

7.10

自引率

4.20%

发文量

审稿时长

100 days

期刊介绍： The intent of the editors is to consolidate Emerging Markets Review as the premier vehicle for publishing high impact empirical and theoretical studies in emerging markets finance. Preference will be given to comparative studies that take global and regional perspectives, detailed single country studies that address critical policy issues and have significant global and regional implications, and papers that address the interactions of national and international financial architecture. We especially welcome papers that take institutional as well as financial perspectives.