This 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
and ret... hiện toàn bộ