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Publications (2)
Working Paper
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The federal character principle is Nigeria’s primary formula for mitigating horizontal inequality and conflict in this chronically fractured society. Designed to guarantee inter-group inclusion in the conduct and composition of governmental institutions, the principle spans direct, integrative, and...
Working Paper
pdf
– A Risk-Cost Configuration Approach
The paper examines the source of financial market fragmentation in sub-Saharan Africa in the framework of institutional economics. Based on fieldwork data from Ghana, Malawi, Nigeria, and Tanzania, it analyses financial risk management, the transaction costs for loan screening and monitoring, and...
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