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X-WR-CALDESC:Events for Economics Research
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DTSTART:20200329T010000
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DTSTART;TZID=Europe/London:20201008T130000
DTEND;TZID=Europe/London:20201008T134500
DTSTAMP:20260612T192040
CREATED:20201001T152944Z
LAST-MODIFIED:20201001T153215Z
UID:2011-1602162000-1602164700@research.reading.ac.uk
SUMMARY:Willie Nakunyada–“Termination of Correspondent Banking Relationships (CBRs) In Zimbabwe: Trends\, and Implications” - PhD Seminar
DESCRIPTION:Abstract: \nFollowing the global financial crisis of 2008\, correspondent banking relationships (CBRs) which facilitate the settlement of domestic and cross-border payments\, have been terminated in several developing countries mostly in Africa\, and the Caribbean. The closure of correspondent accounts is attributed to pressures on global banks to rationalize their business and re-evaluate their risk exposures and viability prospects. This study will use a combination of survey\, single regression models\, and panel regressions to analyze the drivers of CBRs\, as well as its impact on bank credit and remittances in Zimbabwe over the period 2008-2018.
URL:https://research.reading.ac.uk/economics/event/willie-nakunyada-termination-of-correspondent-banking-relationships-cbrs-in-zimbabwe-trends-and-implications-phd-seminar/
LOCATION:Microsoft Teams
CATEGORIES:PhD Seminars
ORGANIZER;CN="Carl%20Singleton":MAILTO:c.a.singleton@reading.ac.uk
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DTSTART;TZID=Europe/London:20201008T134500
DTEND;TZID=Europe/London:20201008T143000
DTSTAMP:20260612T192040
CREATED:20200903T062412Z
LAST-MODIFIED:20200903T063845Z
UID:1871-1602164700-1602167400@research.reading.ac.uk
SUMMARY:Stephen Opata - "Inflation forecasting performance of a developing economy central bank- The Case of Ghana" - PhD Seminar
DESCRIPTION:Abstract: \nThis study used historical inflation forecast data of the Bank of Ghana and quarterly inflation outcomes to assess forecast performance through the use of Mincer-Zarnowitz regressions and the incorporation of step indicator saturation (SIS) methodology. This paper also compared the forecast performance of the Bank of Ghana against other forecasts\, notably a benchmark forecast using the random walk model proposed by Atkeson and Ohanian (2001) and the IMF WEO forecasts. We concluded that the central bank’s forecast outperformed the other forecasts followed by the random walk forecast judging from the ratio of the root mean squared forecast errors. The Diebold Marino test further supported the conclusion that the central bank’s one-step-ahead forecast was superior with a statistically significant difference in the accuracy of the one-step-ahead central bank forecast compared to the random walk forecast. Using the concept of encompassing\, we concluded that the central bank’s forecasts reflected all information embedded in the random walk forecast but the latter forecast did not reflect all information embedded in the central bank’s one-step-ahead forecast.. The Bank of Ghana’s one-quarter-ahead inflation forecast was found to be efficient with or without the incorporation of SIS variables\, however a stronger efficiency was exhibited when SIS variables were incorporated in the forecast. The stronger efficiency exhibited by the forecast that incorporated the SIS variables points to the importance in addressing outliers and structural breaks when evaluating inflation forecasts especially in developing economies such as Ghana. There was evidence that the Bank of Ghana’s forecasting performance as measured by the inflation forecast error improved with time.
URL:https://research.reading.ac.uk/economics/event/stephen-opata-inflation-forecasting-performance-of-a-developing-economy-central-bank-the-case-of-ghana-phd-seminar/
LOCATION:Microsoft Teams
CATEGORIES:PhD Seminars
ORGANIZER;CN="Carl%20Singleton":MAILTO:c.a.singleton@reading.ac.uk
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