African Review of Economics and Finance (AREF)
    • Editorial: The economic effects of COVID-19 on African economies

      Author: Muazu Ibrahim and Gideon Boako

      Source: African Review of Economics and Finance, pp 3-5 (Volume 13 Issue 2, December 2021)

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      As economies across the globe continue to grapple with the after-effect of the Coronavirus (COVID-19) pandemic shocks, it has become imperative to assess the effectiveness of the measures implemented by different economies in addressing these shocks. Also critical is the need to look at soc... Read More

    • An event study analysis of Bitcoin and Altcoins under COVID-19

      Author: Mathew Abraham

      Source: African Review of Economics and Finance, pp 7-24 (Volume 13 Issue 2, December 2021)

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      Operating through blockchain, cryptocurrencies eliminate intermediaries and encourage transparency between parties. Although Bitcoin continues to be the most widely used cryptocurrency, its increased attractiveness to investors has led to the emergence of Altcoins (alternative cryptocurrenc... Read More

    • Coronavirus and government response conundrum in Africa: How effective are the stringency measures?

      Author: Muazu Ibrahima and Allan Mukungu

      Source: African Review of Economics and Finance, pp 25-55 (Volume 13 Issue 2, December 2021)

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      Reducing the spread of infections and deaths attributed to the coronavirus (COVID-19) are a major concern of countries, particularly in Africa. This concern has led governments to institute several restrictive measures aimed at containing the COVID-19 crisis. Notwithstanding the restriction... Read More

    • Macroeconomic impact of the COVID-19 pandemic on the Ghanaian economy

      Author: Eric Amoo Bondzie, William Godfred Cantah, Emmanuel Wiafe Agyapong and Ferdinand Ahiakpor

      Source: African Review of Economics and Finance, pp 56-82 (Volume 13 Issue 2, December 2021)

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      The implications of coronavirus (COVID-19) on the various sectors of the economy cannot be overemphasised. To provide the macroeconomic impact of the pandemic on the Ghanaian economy for the next five years, the study adopted the United Nations Economic Commission for Africa (ECA) Macroecon... Read More

    • Assessing the impact of COVID-19 induced rating downgrades on Eurobond yields in Africa

      Author: Misheck Mutize

      Source: African Review of Economics and Finance, pp 83-103 (Volume 13 Issue 2, December 2021)

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      There was an outcry from policymakers over sovereign credit rating downgrades of African countries during the unprecedented COVID-19 lockdown periods. This study investigates whether sovereign downgrades during the time African countries were hit by COVID-19 had an impact on sovereign bond ... Read More

    • The impact of COVID-19 on stock market liquidity: Evidence from the Johannesburg Stock Exchange

      Author: Damien Kunjal

      Source: African Review of Economics and Finance, pp 104-123 (Volume 13 Issue 2, December 2021)

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      Liquidity is an important feature of any well-functioning financial market. The recent outbreak of COVID-19 has created economic turbulence around the world, subsequently, exacerbating the volatility of global financial markets. Therefore, the objective of this study is to examine the impac... Read More

    • Modeling and forecasting of COVID-19 from the context of Ghana

      Author: Jamal Mohammed, Abdullah Mohammed Ghazi Al Khatib, Pradeep Mishra, Prince Adjei, Pankaj Kumar Singh, S.R. Krishan Priya and Soumitra S. Das

      Source: African Review of Economics and Finance, pp 124-141 (Volume 13 Issue 2, December 2021)

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      Developing countries have had their share regarding the spread and effect of Coronavirus (COVID-19) and Ghana is no exception. We have used the data on new deaths, total deaths, total cases, new cases, collected on a daily basis from 13th March 2020 to 30th September 2020, obtained from the... Read More

    • Casablanca Stock Exchange response to the COVID-19 pandemic

      Author: Khalil Nait Bouzid and Ulrich Ekouala Makala

      Source: African Review of Economics and Finance, pp 142-167 (Volume 13 Issue 2, December 2021)

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      This study investigates the Casablanca Stock Exchange response to the COVID-19 by considering the impact of the COVID-19 related cases and deaths of eleven selected countries affected by the COVID-19, including Morocco, on the Moroccan Stock Market (MASI Index), over the period from June 13... Read More

    • Investor herding during COVID-19: Evidence from the South African Exchange Traded Fund market

      Author: Damien Kunjala and Faeezah Peerbhai

      Source: African Review of Economics and Finance, pp 168-185 (Volume 13 Issue 2, December 2021)

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      The volatility of financial markets has been exacerbated by the recent outbreak of the COVID-19 pandemic. During periods of increased market volatility, investors tend to exhibit herd behaviour. However, investor herd behaviour may result in suboptimal investment decisions and market anomal... Read More

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