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Unveiling the Theoretical Mistakes in the World Bank Formation and its Implication on Survival of Africa Monetary Union

Author

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  • Shobande Olatunji Abdul

    (Business School, University of Aberdeen, UK)

  • Mark Kingsley Chinonso

    (Department of Political Science, Nnamdi Azikiwe University, Nigeria)

Abstract

The quest for urgent solution to resolve the world liquidity problem has continued to generate enthusiastic debates among political economists, policy makers and the academia. The argument has focused on whether the World Bank Group was established to enhance the stability of international financial system or meant to enrich the developed nations.

Suggested Citation

  • Shobande Olatunji Abdul & Mark Kingsley Chinonso, 2019. "Unveiling the Theoretical Mistakes in the World Bank Formation and its Implication on Survival of Africa Monetary Union," Valahian Journal of Economic Studies, Sciendo, vol. 10(1), pages 119-124, July.
    • Handle: RePEc:vrs:vaecst:v:10:y:2019:i:1:p:119-124:n:12
    DOI: 10.2478/vjes-2019-0012
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    References listed on IDEAS

    as
    1. Mr. Kevin C Cheng, 2006. "A VAR Analysis of Kenya’s Monetary Policy Transmission Mechanism: How Does the Central Bank’s REPO Rate Affect the Economy?," IMF Working Papers 2006/300, International Monetary Fund.
    2. Emmanuel Owusu-Sekyere, 2016. "The impact of monetary policy on household consumption in South Africa. Evidence from Vector Autoregressive Techniques," Working Papers 598, Economic Research Southern Africa.
    3. World Bank, 2013. "International Debt Statistics 2013," World Bank Publications - Books, The World Bank Group, number 12226.
    4. Mr. James M. Boughton, 2006. "American in the Shadows: Harry Dexter White and the Design of the International Monetary Fund," IMF Working Papers 2006/006, International Monetary Fund.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    finance; World Bank; IMF; liquidity;
    All these keywords.

    JEL classification:

    • A00 - General Economics and Teaching - - General - - - General
    • B26 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Financial Economics
    • B27 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - International Trade and Finance
    • G15 - Financial Economics - - General Financial Markets - - - International Financial Markets

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