Canadian Center of Science and Education
1916-971X
1916-9728
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The Bank Sector Performance and Macroeconomics Environment: Empirical Evidence in TogoThis article investigates short-run and long-run relationship between three main macroeconomic indicators (gross domestic product growth, real effective exchange rate, and inflation) and banking sector profitability (measured by return on assets and return on equity) in Togo, from 2006 to 2015, by using Pool Mean Group estimator. Results show that, in the short-run, banks’ return on assets... ...
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