“…These include the following channels: exchange rate (see Rajan & Subramanian, 2005;Lartey et al, 2008;Acosta et al, 2009;Barajas et al, 2009;Selaya & Thiele, 2010;Dzansi, 2013;Amuedo-Dorantes, 2014) and financial sector development (Aggarwal et al, 2011;Bettin et al, 2012;Osabuohien & Efobi, 2013;Efobi et al, 2014;Kaberuka & Namubiru, 2014;Karikari et al, 2016;Efobi et al, 2016).…”