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Wagué, Cheick
Publications (10 of 53) Show all publications
Batavia, B., Wagué, C. & Warrier, N. (2019). Convergence Criteria For African Monetary Unions: Bringing in Non-Economic Factors and Comparing the Turkish Case. Journal of International Finance and Economics, 19(3), 39-50
Open this publication in new window or tab >>Convergence Criteria For African Monetary Unions: Bringing in Non-Economic Factors and Comparing the Turkish Case
2019 (English)In: Journal of International Finance and Economics, ISSN 1555-6336, E-ISSN 2378-864X, Vol. 19, no 3, p. 39-50Article in journal (Refereed) Published
Abstract [en]

The paper starts by noting that Turkey in her efforts to join the European Union and the European Monetary Union faces barriers that are non-economic in nature. Turkey is seen to be lagging behind the EU fraternity in providing complete democracy to its people. We find the strictures laid on to be rather unique, as such non-economic factors do not enter in, for instance, in discussions pertaining to regional monetary unions in Africa where a leader in economic performance may be a laggard in meeting non-economic convergence criteria. This paper develops non-economic convergence criteria, using five indices capturing the prevalence of democracy and freedom for the citizens, for regional African monetary unions in Africa, in West Africa and the CFA Franc Zone, and compare the convergence achieved by these nations with that of Turkey relative to the dominant economic player in Europe. It is noted that while Turkey lags behind in achieving convergence to the EU certain noneconomic factors, she does better in some others. Also, some African members of regional monetary unions are seen to fare worse that Turkey in converging to the specified non-economic criteria values.

Place, publisher, year, edition, pages
International Academy of Business and Economics, 2019
Keywords
EURO, CFA Franc, Convergence Criteria, Optimum Currency, Democracy Index
National Category
Economics and Business
Identifiers
urn:nbn:se:sh:diva-39207 (URN)10.18374/JIFE-19-3.4 (DOI)
Available from: 2019-10-23 Created: 2019-10-23 Last updated: 2019-10-28Bibliographically approved
Wagué, C. & Warrier, P. N. (2017). The Nordic model: a promise of prosperity for all?. Saarbrücken: Lambert Academic Publishing
Open this publication in new window or tab >>The Nordic model: a promise of prosperity for all?
2017 (English)Book (Other academic)
Abstract [en]

The Nordic countries top every survey on overall well-being and expressed happiness and satisfaction with living conditions and the environment, and, moreover, emerge on top even in measures of global competitiveness. This book unravels the unique economic and social processes by which these countries have achieved such universally acclaimed success. The authors note that the Nordic success has not been a sudden surge forward, and provide substance to the argument that conditions going back to feudal times, and unique societal relations and a social consensus allowing low power distances and smooth decentralization have played key roles in the Nordic transition into full-fledged knowledge economies. Indeed, as they note, “if there is a Valhalla for Nordic politicians, policy-makers and organization leaders, it will surely provide them an idyllic island under a mellow sun for holding amiable discussions, lowering their guards in a give-and-take spirit, on issues pertaining to the well-being of that Nordic paradise.”

Place, publisher, year, edition, pages
Saarbrücken: Lambert Academic Publishing, 2017. p. 235
Keywords
Välfärdsstaten, Norden
National Category
Economics and Business
Research subject
Baltic and East European studies
Identifiers
urn:nbn:se:sh:diva-33780 (URN)978-3-659-66662-9 (ISBN)
Available from: 2017-11-30 Created: 2017-11-30 Last updated: 2017-11-30Bibliographically approved
Wagué, C., Batavia, B. & Warrier, N. (2016). Effects Of Banking Structure On Labour Market Performance: An Empirical Study. Review of Business Research, 16(3), 73-82
Open this publication in new window or tab >>Effects Of Banking Structure On Labour Market Performance: An Empirical Study
2016 (English)In: Review of Business Research, ISSN 1546-2609, E-ISSN 2378-9670, Vol. 16, no 3, p. 73-82Article in journal (Refereed) Published
Abstract [en]

The effects of changes in banking structure on growth and its components have been the subject of a number of studies of a cross-country nature. However, empirical studies linking banking structure to the labor market have been scanty, and the theoretical contributions have been mostly at the individual firm level. In this paper, a sample of 35 developed and emerging market nations is used to investigate the impacts on the labor market, specifically on the unemployment rate, of changes in banking sector concentration. Recognizing that country-specific labor market institutional arrangements and profiles, such as the strength of unionism and employee protection legislation can interact with the financial variables to moderate or exacerbate the impact of structural changes in the banking industry, variables representing the extent of labor market rigidity or flexibility are also included in the analysis. Results indicate that more concentrated banking market structures could have an ameliorating effect on the unemployment rate, at least in very recent periods. Labor market institutional variables capturing difficulties in hiring and firing seems to have had an opposing impact to that of banking sector concentration in the case of industrialized nations, though the variable representing trade union density was found to be insignificant.

Keywords
Banking structure, Mergers and acquisitions, Market performance, Growth, Emerging markets
National Category
Business Administration
Identifiers
urn:nbn:se:sh:diva-31273 (URN)
Available from: 2016-12-01 Created: 2016-12-01 Last updated: 2018-09-28Bibliographically approved
Wagué, C. & Warrier, P. N. (2015). Concentration In The Banking Industry: Determinants and Impacts. Journal of International Finance and Economics, 15(3), 65-80
Open this publication in new window or tab >>Concentration In The Banking Industry: Determinants and Impacts
2015 (English)In: Journal of International Finance and Economics, ISSN 1555-6336, Vol. 15, no 3, p. 65-80Article in journal (Refereed) Published
National Category
Economics and Business
Identifiers
urn:nbn:se:sh:diva-28615 (URN)10.18374/JIFE-15-3.8 (DOI)
Available from: 2015-10-22 Created: 2015-10-22 Last updated: 2015-11-12Bibliographically approved
Wagué, C. (2014). Global Duopoly: From Challenger To World Leader - Is the Twin Deck Superjumbo a Game Changer?. International Journal of Business Strategy, 14(3), 143-156
Open this publication in new window or tab >>Global Duopoly: From Challenger To World Leader - Is the Twin Deck Superjumbo a Game Changer?
2014 (English)In: International Journal of Business Strategy, ISSN 1553-9563, E-ISSN 2378-8585, Vol. 14, no 3, p. 143-156Article in journal (Refereed) Published
Abstract [en]

Over the decades, Airbus and Boeing, the two major players in aerospace industry have been at loggerheads for aircraft orders. The newest models in production by the two world's leaders represent their competitive views of the future of the industry. Functional product differentiation is exactly what rivalry between the Superjumbo A380 and the 787 Dreamliner is all about. Two companies with fundamentally different products, based on diametrically opposite visions of the future, engaged in a Hatfields versus McCoys battle with billions of dollars at stake. It seems the two firms are accenting two niche markets with a pair of flagship products, neither of which are in direct competition with each other. This will allows for the firms to stave off price competition in the short term by differentiating product lines, which is desirable given recent increase in buyer power gained by low-cost airlines. The present paper will provide an in-depth comparison of the competition between Airbus and Boeing in a wide array of technological and market aspects. The aim of this analysis is to determine which company controls which markets and technologies, to consider each company´s current state of affairs, and to arrive at a general hypothesis concerning the fate of Airbus and Boeing in the near future. The research questions are - how the two competitors differ from each other, how they affect each other´s behavior and why there are only two of them. Based on the evidence presented henceforth, it seems likely that, despite Airbus´s current supremacy, Boeing will in the coming years hold a larger market share and exert more market power than Airbus.

Keywords
Airbus, Boeing, Aircraft, Wide body, Jumbo, Duopoly
National Category
Economics and Business
Identifiers
urn:nbn:se:sh:diva-28614 (URN)10.18374/IJBS-14-3.14 (DOI)
Available from: 2015-10-22 Created: 2015-10-22 Last updated: 2017-12-01Bibliographically approved
Batavia, B., Parameswar, N., Sree, R. M. & Wagué, C. (2013). Avoiding a Liquidity Crunch: Do Pre-Bear Phase Bank Ratios Matter? Evidence from a World-Wide Sample. Journal of Applied Economics and Business Research, 3(1), 1-13
Open this publication in new window or tab >>Avoiding a Liquidity Crunch: Do Pre-Bear Phase Bank Ratios Matter? Evidence from a World-Wide Sample
2013 (English)In: Journal of Applied Economics and Business Research, ISSN 1927-033X, E-ISSN 1927-033X, Vol. 3, no 1, p. 1-13Article in journal (Refereed) Published
National Category
Economics and Business
Identifiers
urn:nbn:se:sh:diva-19384 (URN)
Available from: 2013-07-05 Created: 2013-07-04 Last updated: 2017-12-06Bibliographically approved
Batavia, B., Nandakumar, P. & Wagué, C. (2013). Export stagnation and budget deficits in the peripheral EU nations with EMU membership. Journal of Economic Asymmetries, 10(2), 94-100
Open this publication in new window or tab >>Export stagnation and budget deficits in the peripheral EU nations with EMU membership
2013 (English)In: Journal of Economic Asymmetries, ISSN 1703-4949, Vol. 10, no 2, p. 94-100Article in journal (Refereed) Published
Abstract [en]

This paper presents a theoretical model of the economic and financial implications of EMU entry for the peripheral nations of the Euro area, the so-called PIGS nations. The model derived shows that EMU membership initiates huge capital inflows into the PIGS nations, driving up prices and wage costs. The rise in prices reduces international trade competitiveness, reducing net exports, while the rise in wage costs leads to greater government budget outlays, deteriorating the government budget. Without exchange rate adjustments, export stagnation, further exacerbated by the economic downturn in the Euro area as a whole, has been the price paid by the peripheral Euro nations. Examining the data for the recent decade suggests that the arguments against laying the blame for the economic and financial crises in the PIGS nations squarely on bad domestic policy-making and practices need to be taken seriously.

Keywords
Budget deficits, Capital flows, Economic integration, Export stagnation
National Category
Economics and Business
Identifiers
urn:nbn:se:sh:diva-23363 (URN)10.1016/j.jeca.2013.11.002 (DOI)2-s2.0-84897748293 (Scopus ID)
Available from: 2014-04-25 Created: 2014-04-25 Last updated: 2016-10-10Bibliographically approved
Wagué, C. (2013). From Tax Break to Tax Haven: Offshore Profit Shifting and Multinational Corporations Tax Avoidance Strategy. International Journal of Business Strategy, 13(4), 115-128
Open this publication in new window or tab >>From Tax Break to Tax Haven: Offshore Profit Shifting and Multinational Corporations Tax Avoidance Strategy
2013 (English)In: International Journal of Business Strategy, ISSN 1553-9563, E-ISSN 2378-8585, Vol. 13, no 4, p. 115-128Article in journal (Refereed) Published
National Category
Business Administration
Identifiers
urn:nbn:se:sh:diva-20147 (URN)10.18374/IJBS-13-4.6 (DOI)
Available from: 2013-11-08 Created: 2013-11-08 Last updated: 2017-12-06Bibliographically approved
Wagué, C. (2012). European Monetary Union and the Optimal Currency Area Theory: The Competitiveness Gap within the Eurozone. International Journal of Business Strategy, 12(2), 63-74
Open this publication in new window or tab >>European Monetary Union and the Optimal Currency Area Theory: The Competitiveness Gap within the Eurozone
2012 (English)In: International Journal of Business Strategy, ISSN 1553-9563, Vol. 12, no 2, p. 63-74Article in journal (Refereed) Published
National Category
Economics and Business
Identifiers
urn:nbn:se:sh:diva-19385 (URN)
Available from: 2013-07-05 Created: 2013-07-04 Last updated: 2014-12-05Bibliographically approved
Batavia, B., Parameswar, N. & Wagué, C. (2012). Portfolio Diversification in Extreme Environments: Are there Benefits from Adding Commodity Futures Indices?. European Research Studies Journal, 15(3), 33-48
Open this publication in new window or tab >>Portfolio Diversification in Extreme Environments: Are there Benefits from Adding Commodity Futures Indices?
2012 (English)In: European Research Studies Journal, ISSN 1108-2976, Vol. 15, no 3, p. 33-48Article in journal (Refereed) Published
National Category
Economics and Business
Identifiers
urn:nbn:se:sh:diva-19388 (URN)2-s2.0-84893281647 (Scopus ID)
Available from: 2013-07-05 Created: 2013-07-04 Last updated: 2015-05-18Bibliographically approved
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