SOAS Research Online

Authored Books

Murinde, Victor (2001) The Free Trade Area of the Common Market for Eastern and Southern Africa. Aldershot: Ashgate.

Doukas, J., Murinde, Victor and Wihlborg, C. (1998) Financial sector reform and privatisation in transition economies. Amsterdam: Elsevier. (Advances in Finance, Investment and Banking; Vol. 7)

Chanthunya, Charles and Murinde, Victor (1998) Trade Regime and Economic Growth. Aldershot: Ashgate.

Murinde, Victor (1996) Development Banking and Finance. Aldershot: Ashgate.

Murinde, Victor (1993) Macroeconomic Policy Modelling for Developing Countries. Aldershot: Avebury.

Edited Book or Journal Volume

Murinde, Victor, ed. (2012) Bank Regulatory Reforms in Africa. Houndmills, Basingstoke: Palgrave Macmillan. (Palgrave Macmillan Studies in Banking and Financial Institutions)

Mlambo, Kupukile and Murinde, Victor, eds. (2011) Competition and Efficiency in the Banking Sector in Africa. Oxford: Wiley. (Special Issue: African Development Review. Vol 23; No. 1)

Green, Christopher J., Kirkpatrick, Colin and Murinde, Victor, eds. (2005) Finance And Development: Surveys of Theory, Evidence And Policy. Cheltenham: Edward Elgar.

Murinde, Victor and Woldie, Atsede, eds. (2003) African Business Finance and Development Policy. London: Routledge.

Mullineux, Andy W. and Murinde, Victor, eds. (2003) Handbook of International Banking. Cheltenham: Edward Elgar.

Fry, Maxwell J. and Murinde, Victor, eds. (1998) Special Issue on “International financial flows and development”. Amsterdam: Elsevier. (World Development, Vol. 26 No. 7)

Journal Article

Pour, Eilnaz Kashefi, Uddin, Moshfique, Murinde, Victor and Amini, Shima (2023) 'CEO power, bank risk-taking and national culture: International evidence.' Journal of Financial Stability, 67. p. 101133.

Bationo, François d’Assises Babou, Griffith-Jones, Stephany J., Murinde, Victor, Soumaré, Issouf and Tyson, Judith (2023) 'Private capital flows and productivity in Sub-Saharan Africa: does the capital allocation puzzle matter?' Applied Economics. pp. 1-18. (Forthcoming)

Ahmad, Ahmad Hassan, Green, Christopher J., Jiang, Fei and Murinde, Victor (2023) 'Mobile money, ICT, financial inclusion and growth: How different is Africa?' Economic Modelling, 121. p. 106220.

Demir, Ayse, Pesque-Cela, Vanesa, Altunbas, Yener and Murinde, Victor (2022) 'Fintech, financial inclusion and income inequality: A quantile regression approach.' The European Journal of Finance, 28 (1). pp. 86-107.

Kanga, Désiré, Oughton, Christine, Harris, Laurence and Murinde, Victor (2022) 'The diffusion of fintech, financial inclusion and income per capita.' European Journal of Finance, 28 (1). pp. 108-136.

Kling, Gerhard, Volz, Ulrich, Murinde, Victor and Ayas, Sibel (2021) 'The Impact of Climate Vulnerability on Firms’ Cost of Capital and Access to Finance.' World Development, 137. p. 105131.

Kanga, Désiré, Murinde, Victor and Soumaré, Issouf (2020) 'Capital, risk and profitability of WAEMU banks: Does bank ownership matter?' Journal of Banking and Finance, 114.

Adetutu, Morakinyo O., Odusanya, Kayode A., Ebireri, John E. and Murinde, Victor (2020) 'Oil booms, bank productivity and natural resource curse in finance.' Economics Letters, 186 (108517).

Lassou, Philippe J.C., Hopper, Trevor, Tsamenyi, Mathew and Murinde, Victor (2019) 'Varieties of neo-colonialism: Government accounting reforms in Anglophone and Francophone Africa – Benin and Ghana compared.' Critical Perspectives on Accounting, 65 (102071).

Fosu, Samuel, Danso, Albert, Agyei-Boapeah, Henry, Ntim, Collins G. and Murinde, Victor (2018) 'How does banking market power affect bank opacity? Evidence from analysts' forecasts.' International Review of Financial Analysis, 60. pp. 38-52.

Kedir, Abbi M., Iftikhar, Syed Faizan, Murinde, Victor and Dia Kamgnia, Bernadette (2018) 'Bank fragility in Africa: GMM dynamic panel data evidence.' Transnational Corporations Review, 10 (2). pp. 170-178.

Fosu, Samuel, Ntim, Collins G., Coffie, William and Murinde, Victor (2017) 'Bank opacity and risk-taking: Evidence from analysts’ forecasts.' Journal of Financial Stability, 33. pp. 81-95.

Green, Christopher J., Bai, Ye, Murinde, Victor, Ngoka, Kethi, Maana, Isaya and Tiriongo, Samuel (2016) 'Overnight interbank markets and the determination of the interbank rate: A selective survey.' International Review of Financial Analysis, 44. pp. 149-161.

Mullineux, Andy W. and Murinde, Victor (2014) 'Financial sector policies for enterprise development in Africa.' Review of Development Finance, 4 (2). pp. 66-72.

Murinde, Victor (2013) 'Cross-selling, switching costs and imperfect competition in British banks.' Journal of Banking and Finance, 37 (12). pp. 5452-5462.

Murinde, Victor (2012) 'Financial Development and Economic Growth: Global and African Evidence.' Journal of African Economies, 21 (suppl 1). i10-i56.

Al-Zu'bi, Bashar and Murinde, Victor (2011) 'Household portfolio behaviour: evidence from Middle East economies.' Applied Financial Economics, 21 (17). pp. 1281-1289.

Brambila-Macias, Jose, Massa, Isabella and Murinde, Victor (2011) 'Cross-border bank lending versus FDI in Africa's growth story.' Applied Financial Economics, 21 (16). pp. 1205-1213.

Manos, Ronny, Murinde, Victor and Green, Christopher J. (2011) 'Dividend policy and business groups: Evidence from Indian firms.' International Review of Economics and Finance, 21 (1). pp. 42-56.

Zhao, Tianshu and Murinde, Victor (2011) 'Bank Deregulation and Performance in Nigeria.' African Development Review, 23 (1). pp. 30-43.

Green, Christopher J., Manos, Ronny, Murinde, Victor and Suppakitjarak, Nathridee (2010) 'Share Liquidity and Market Microstructure Reform: The Case of Screen-based Trading in Mumbai*.' Asia-Pacific Journal of Financial Studies, 39 (3). pp. 361-395.

Murinde, Victor, Prasad, Sanjiva and Green, Christopher J. (2009) 'Capital structure and ownership: A new approach with comparative evidence from Malaysia and Thailand.' The Journal of Financial Decision Making, 5 (1). pp. 43-65.

Murinde, Victor and Ow-Yong, Kean (2009) 'Perception of risk and uncertainty and non-usage of discounted cash flow techniques by UK listed firms.' Investment Management and Financial Innovations,, 6 (3). pp. 94-105.

Green, Christopher J. and Murinde, Victor (2008) 'The impact of tax policy on corporate debt in a developing economy: a study of unquoted Indian companies.' The European Journal of Finance, 14 (7). pp. 583-607.

Kirkpatrick, Colin, Murinde, Victor and Tefula, M. (2008) 'The measurement and determinants of x-inefficiency in commercial banks in Sub-Saharan Africa.' The European Journal of Finance, 14 (7). pp. 625-639.

Manos, Ronny, Murinde, Victor and Green, Christopher J. (2007) 'Leverage and business groups: Evidence from Indian firms.' Journal of Economics and Business, 59 (5). pp. 443-465.

Lensink, Robert and Murinde, Victor (2007) 'Does foreign bank entry really stimulate gross domestic investment?' Applied Financial Economics, 16 (8). pp. 569-582.

Matthews, Kent, Murinde, Victor and Zhao, Tianshu (2007) 'Competitive conditions among the major British banks.' Journal of Banking and Finance, 31 (7). pp. 2025-2042.

Murinde, Victor (2007) 'Accounting, banking and corporate financial management in emerging economies.' Research in Accounting in Emerging Economies, 7. pp. 1-10.

Prasad, Sanjiva, Green, G.J. and Murinde, Victor (2007) 'Company financial structures in emerging economies: Evidence from a comparative analysis of Thai and Malay companies.' Research in Accounting in Emerging Economies, 7. pp. 415-474.

Green, Christopher J., Kimuyu, Peter, Manos, Ronny and Murinde, Victor (2007) 'How do Small Firms in Developing Countries Raise Capital? Evidence from a Large-Scale Survey of Kenyan Micro and Small-Scale Enterprises.' Advances in Financial Economics, 12. pp. 379-404.

Green, Christopher J., Kirkpatrick, Colin and Murinde, Victor (2006) 'Finance for small enterprise growth and poverty reduction in developing countries.' Journal of International Development, 18 (7). pp. 1017-1030.

Moore, Tomoe, Green, Christopher J. and Murinde, Victor (2006) 'Financial sector reforms and stochastic policy simulations: A flow of funds model for India.' Journal of Policy Modeling, 28 (3). pp. 319-333.

Lensink, Robert and Murinde, Victor (2006) 'The Inverted-U hypothesis for the effect of uncertainty on investment: Evidence from UK firms.' The European Journal of Finance, 12 (2). pp. 95-105.

Moore, Tomoe, Green, Christopher J. and Murinde, Victor (2005) 'Portfolio Behaviour in a Flow of Funds Model for the Household Sector in India.' Journal of Development Studies, 41 (4). pp. 675-702.

Murinde, Victor, Agung, Juda and Mullineux, Andy W. (2004) 'Patterns of Corporate Financing and Financial System Convergence in Europe.' Review of International Economics, 12 (4). pp. 693-705.

Green, Christopher J., Murinde, Victor and Ivaylo, Nikolov (2004) 'The Efficiency of Foreign and Domestic Banks in Central and Eastern Europe: Evidence on Economies of Scale and Scope.' Journal of Emerging Market Finance, 3 (2). pp. 175-205.

Green, Christopher J. and Murinde, Victor (2003) 'Flow of funds: implications for research on financial sector development and the real economy.' Journal of International Development, 15 (8). pp. 1015-1036.

Green, Christopher J., Murinde, Victor and Suppakitjarak, J. (2003) 'Corporate Financial Structures in India.' South Asia Economic Journal, 4 (2). pp. 245-273.

Murinde, Victor and Ryan, Cillian (2003) 'The Implications of WTO and GATS for the Banking Sector in Africa.' The World Economy, 26 (2). pp. 181-207.

Ngugi, Rose W., Murinde, Victor and Green, Christopher J. (2003) 'How Have the Emerging Stock Exchanges in Africa Responded to Market Reforms?' Journal of African Business, 4 (2). pp. 89-127.

Murinde, Victor (2003) 'Open doors: Foreign participation in financial systems in developing countries.' Journal of Development Studies, 39 (5). pp. 211-214.

Evans, Alun Dwyfor, Green, Christopher J. and Murinde, Victor (2002) 'Human capital and financial development in economic growth: new evidence using the translog production function.' International Journal of Finance and Economics, 7 (2). pp. 123-140.

Ngugi, Rose W., Murinde, Victor and Green, Christopher J. (2002) 'Does the revitalisation process really enhance stock market microstructure? Evidence from the Nairobi Stock Exchange.' African Finance Journal, 4 (1). pp. 32-61.

Evans, A.D, Green, Christopher J. and Murinde, Victor (2002) 'Identifying problem banks in Sub-Saharan Africa.' The African Finance Journal, 4 (2). pp. 65-72.

Murinde, Victor and Poshakwale, Sunil (2002) 'Volatility in the emerging stock markets in Central and Eastern Europe: Evidence on Croatia, Czech Republic, Hungary, Poland, Russia and Slovakia.' European Research Studies, 4 (3-4). pp. 73-101.

Green, Christopher J., Lensink, Robert and Murinde, Victor (2001) 'Demand uncertainty and the capital–labour ratio in Poland.' Emerging Markets Review, 2 (2). pp. 184-197.

Prasad, Sanjiva, Green, Christopher J. and Murinde, Victor (2001) 'Company financing, capital structure and ownership: a survey and implications for developing countries.' SUERF Studies, 12. pp. 1-104.

Poshakwale, Sunil and Murinde, Victor (2001) 'Modelling the volatility in East European emerging stock markets: evidence on Hungary and Poland.' Applied Financial Economics, 11 (4). pp. 445-456.

Green, Christopher J., Maggioni, Paolo and Murinde, Victor (2000) 'Regulatory lessons for emerging stock markets from a century of evidence on transactions costs and share price volatility in the London Stock Exchange.' Journal of Banking and Finance, 24 (4). pp. 577-601.

Lensink, Robert, Hermes, Niels and Murinde, Victor (2000) 'Capital flight and political risk.' Journal of International Money and Finance, 19 (1). pp. 73-92.

Al-Deehani, Talla, Karim, Rifaat Ahmed Abdel and Murinde, Victor (1999) 'The capital sturcture of Islamic banks unfrt the contractual obligation of profit sharing.' International Journal of Theoretical and Applied Finance, 02 (03). pp. 243-283.

Murinde, Victor (1999) 'Modelling the linkages between the financial system and macroeconomic performance in Saudi Arabia.' Middle East Business Review, 3 (2). pp. 20-40.

Fry, Maxwell J. and Murinde, Victor (1998) 'International Financial Flows and Development : Editors' preface.' World Development, 26 (7). pp. 1165-1168.

Lensink, Robert, Hermes, Niels and Murinde, Victor (1998) 'The effect of financial liberalization on capital flight in African economies.' World Development, 26 (7). pp. 1349-1368.

Green, Christopher J. and Murinde, Victor (1998) 'Modelling the Macroeconomic Policy Framework for an Emerging Market Economy.' The Manchester School, 66 (3). pp. 302-330.

Abdalla, Issam S.A. and Murinde, Victor (1997) 'Exchange rate and stock price interactions in emerging financial markets: evidence on India, Korea, Pakistan and the Philippines.' Applied Financial Economics, 7 (1). pp. 25-35.

Murinde, Victor and Kariisa-Kasa, Joram (1997) 'The financial performance of the East African Development Bank: a retrospective analysis.' Accounting, Business and Financial History, 7 (1). pp. 81-104.

Murinde, Victor, Hermes, Niels and Lensink, Robert (1996) 'Comparative aspects of the magnitude and determinants of capital flight in six Sub-Saharan African economies.' Savings and Development, 20 (1). pp. 61-78.

Murinde, Victor and Rarawa, Denton H. (1996) 'Modelling the potency of stabilization policy for the Solomon Islands 1978:1Q-1992:4Q.' Applied Economics, 28 (3). pp. 309-319.

Eren, A. and Murinde, Victor (1996) 'Monetary and Corporate Sector Aspects of Inflation in Turkey 1972:1q -1990:4q.' International Journal of Development Banking, 14 (1). pp. 63-74.

Kariisa-Kasa, Joram and Murinde, Victor (1996) 'Towards evaluating the financial performance of development banks: the East African Development Bank.' International Journal of Development Banking, 13 (2). pp. 13-28.

Murinde, Victor and Ngah, J.S. (1995) 'Central Bank Financing of the Budget Deficits: The CFA Franc Zone Versus Eastern Africa.' International Journal of Development Banking, 13 (2). pp. 3-12.

Murinde, Victor (1995) 'Is it Prudent for Islamic Banks to Make Investment Decisions Without the Interest Rate Instrument?' Research in Accounting in Emerging Economies, 3. pp. 123-148.

Evans, Dwyfor and Murinde, Victor (1995) 'The impact of monetary and fiscal policy on the stock market in Singapore.' Savings and Development Quarterly Review, 19 (3). pp. 297-313.

Lyons, S. H. and Murinde, Victor (1994) 'Cointegration and Granger-Causality Testing of Hypotheses on Supply-Leading and Demand-Following Finance.' Economic Notes, 23 (2). pp. 308-316.

Murinde, Victor and Eng, Fern S. H. (1994) 'Financial development and economic growth in Singapore: demand-following or supply-leading?' Applied Financial Economics, 4 (6). pp. 391-404.

Murinde, Victor and Eng, Fern S. H. (1994) 'Financial restructuring and economic growth in Singapore.' Savings and Development Quarterly Review, 18 (2). pp. 225-246.

Murinde, Victor (1993) 'Budgetary and financial policy potency amid structural bottlenecks: Evidence from Uganda.' World Development, 21 (5). pp. 841-859.

Green, Christopher J. and Murinde, Victor (1993) 'The potency of stabilization policy in developing economies: Kenya, Tanzania, and Uganda.' Journal of Policy Modeling, 15 (4). pp. 427-462.

Murinde, Victor (1992) 'European banking: a review.' The Journal of Finance, 47 (4). pp. 1646-1648.

Murinde, Victor (1992) 'Application of stochastic simulation and policy sensitivity techniques to a macroeconomic model of Uganda.' Applied Economics, 24 (1). pp. 1-17.

Monographs and Working Papers

Demir, Ayse, Pesque-Cela, Vanesa and Murinde, Victor (2020) Threshold Effects of Financial Inclusion on Income Inequality. London: SOAS Centre for Global Finance Working Paper Series no. 2/2020.

Kling, Gerhard, Volz, Ulrich, Murinde, Victor and Ayas, Sibel (2019) The Impact of Climate Vulnerability on Firms’ Cost of Capital and Access to Finance. London: SOAS Centre for Sustainable Finance.

Buhr, Bob, Volz, Ulrich, Donovan, Charles, Kling, Gerhard, Lo, Yuen C., Murinde, Victor and Pullin, Natalie (2018) Climate Change and the Cost of Capital in Developing Countries. London and Geneva: Imperial College London; SOAS University of London; UN Environment.

Kling, Gerhard, Lo, Yuen C., Murinde, Victor and Volz, Ulrich (2018) Climate Vulnerability and the Cost of Debt. London: SOAS University of London. Mimeo.