Covid-19 and the response of central banks : coping with challenges in Sub-Saharan Africa / edited by Salewa Olawoye (assistant professor, York University, Toronto, Canada).

Format:

Book

Contributor:

Olawoye, Salewa, editor.

Edward Elgar Publishing, publisher.

Series:

The Elgar series on central banking and monetary policy

Language:

English

Subjects (All):

Banks and banking, Central--Africa, Sub-Saharan.

Banks and banking, Central.

COVID-19 (Disease)--Economic aspects.

COVID-19 (Disease).

Genre:

Electronic books.

Physical Description:

1 online resource (174 pages).

Place of Publication:

Northampton : Edward Elgar Publishing, 2023.

Summary:

"COVID-19 and the Response of Central Banks analyses the reactions of central banks to the COVID-19 crisis in Sub-Saharan Africa. It focuses on how the pandemic has affected the economic performance of Sub-Saharan African countries, many of which were already struggling with growth and sustainability. The first part of the book covers countries within monetary unions such as Cameroon, Congo, Senegal and Cote d'Ivoire. In the second half, countries with their own independent central banks such as, the Democratic Republic of Congo, Nigeria, Ghana and Sierra Leone, are discussed. Chapters highlight the differences between monetary union membership and independent central banks during health crises and explore the role of central banking in minimizing the deleterious effects. This theoretical and empirical analysis of central bank reactions and monetary regimes in these Sub-Saharan African countries is important, useful information for central bankers and policy makers responsible for making decisions before, during and post crises. Among others, graduate students interested in development analysis and how monetary policy works in Africa will also benefit from the insight in COVID-19 and the Response of Central Banks"-- Provided by publisher.

Contents:

Contents: Series editors' introduction: COVID, policy and the state of our institutions / Louis-Philippe Rochon, Sylvio Kappes and Guillaume Vallet

Introduction to COVID-19 and the Response of Central Banks / Salewa Olawoye

Part I. Countries in monetary unions

1. Central banks' responses to the COVID-19 pandemic: a survey of the Bank of Central African States / Simplice A. Asongu, Nathanael Ojong and Valentine B. Soumtang

2. The Bank of Central African States under the COVID-19 test: the case of the Congo / Toussaint Armel Bakala and Régis Bokino

3. Transmission channels of the COVID-19 pandemic effects in West African Economic and Monetary Union countries and BCEAO responses / Samba Diop and Adama Diaw

4. COVID-era monetary policy response in francophone West Africa with a focus on Cote d'Ivoire / Anick Yaha and Felix F. N'Zue

Part II. Non-monetary union countries

5. Effects of COVID-19 on the DRC economy and policy responses from Central Bank of Congo and government / Pathou Kavena Lukau and Jonas Kibala Kuma

6. Monetary policy during the COVID-19 pandemic: a case study of the Central Bank of Nigeria / Salewa Olawoye and Adesuwa Erediauwa

7. Ghana's monetary policy and COVID-19: a critical appraisal / Emmanuel Graham, John Bosco Dramani and Prince Boakye Frimpong

8. The role of the central bank in mitigating COVID-19 effects in Sierra Leone / Sheka Bangura and Morlai Bangura

Index.

Notes:

Includes bibliographical references and index.

Description based on print record.

ISBN:

9781802205374 (e-book)

Access Restriction:

Restricted for use by site license.