faithfulalabi/African_Crisis

The goal of this project is to answer 2 questions. First what factors are most associated with systemic crisis in Africa? Second, at which annual rate of inflation does an inflation crisis become practically certain? # African Crisis : Overview of dataset * __Context__: This dataset is a derivative of Reinhart et. al's Global Financial Stability dataset which can be found online here The dataset will be valuable to those who seek to understand the dynamics of financial stability within the African context. The dataset can also be found on Kaggle here * __Content__: The dataset specifically focuses on the Banking, Debt, Financial, Inflation and Systemic Crisis that occurred from 1860 to 2014 in 13 African countries. Including: Algeria, Angola, Central African Republic, Ivory Coast, Egypt, Kenya, Mauritius, Morocco, Nigeria, South Africa, Tunisia, Zambia and Zimbabwe. * __Motivation__: My inspiration for taking on this project comes first from the fact I was born in Nigeria and wanted to know the financial history of the country I was born in. Second is to determine which factors are most associated with Systemic Crisis in Africa? and at which annual rate of inflation does an Inflation Crisis become a practical certainty? * __Variables__: 1) Domestic Debt in Default: Domestic debt is a central government's debt. It is debt issued by the lenders within the country (eg.Financial Institutions within the country). 2) Sovereign External Debt Default: External debt is the portion of a country's debt that was borrowed from foreign lenders, including commercial banks, governments, or international financial institutions. These loans, including interest, must usually be paid in the currency in which the loan was made. To earn the needed currency, the borrowing country may sell and export goods to the lender's country. 3) Systemic Crisis: Systemic crisis is a domino effect in which financial trouble spreads between institutions and markets until it affects the whole financial system with dire global economic consequences. 4) Currency Crisis: A currency crisis is a situation in which serious doubt exists as to whether a country's central bank has sufficient foreign exchange …