The purpose of this paper is to examine the relationship between competition and efficiency in the Ghanaian banking industry. The results points to improvements in cost efficiency (CE) and competition within the banking industry. From the empirical estimations, the findings suggest that competition exerts a positive influence on CE. The authors also find evidence o...

This paper examines liquidity creation behaviour in the property-liability insurance market in South Africa. Using annual data on 76 insurers from 2007 to 2014, the paper employs the three-stage approach to estimate liquidity creation. The results suggest that property-liability insurers are characterised by liquidity destruction by transforming liquid assets in ca...