McDonald, Calvin A.
Financial Deepening in Sub-Saharan Africa Empirical Evidence on the Role of Creditor Rights Protection and Information Sharing / Calvin A McDonald. [electronic resource] : Calvin A McDonald. - Washington, D.C. : International Monetary Fund, 2007. - 1 online resource (25 p.) - IMF Working Papers; Working Paper ; No. 07/203 . - IMF Working Papers; Working Paper ; No. 07/203 .
This paper investigates the role of creditor rights and information sharing in explaining why some financial markets in sub-Saharan Africa have remained shallow. The paper finds that while financial liberalization and macroeconomic stability promote financial deepening, they are not enough. For countries with similar financial liberalization efforts, those with stronger legal institutions and information sharing have deeper financial development. This result is consistent with a growing body of research for other regions of the world. The main policy implications are that (1) creditor rights legislation should be reinforced, the law reformed, and efficient property registries established; and (2) governments should sponsor credit bureaus where private bureaus might not be commercially viable.
1451867670 : 18.00 USD
1018-5941
10.5089/9781451867671.001 doi
Creditor Rights
Creditors Rights
Financial Deepening
Financial Intermediation
Financial Liberalization
Financial Markets
Botswana
Burkina Faso
Cameroon
Congo, Democratic Republic of the
Eritrea
Financial Deepening in Sub-Saharan Africa Empirical Evidence on the Role of Creditor Rights Protection and Information Sharing / Calvin A McDonald. [electronic resource] : Calvin A McDonald. - Washington, D.C. : International Monetary Fund, 2007. - 1 online resource (25 p.) - IMF Working Papers; Working Paper ; No. 07/203 . - IMF Working Papers; Working Paper ; No. 07/203 .
This paper investigates the role of creditor rights and information sharing in explaining why some financial markets in sub-Saharan Africa have remained shallow. The paper finds that while financial liberalization and macroeconomic stability promote financial deepening, they are not enough. For countries with similar financial liberalization efforts, those with stronger legal institutions and information sharing have deeper financial development. This result is consistent with a growing body of research for other regions of the world. The main policy implications are that (1) creditor rights legislation should be reinforced, the law reformed, and efficient property registries established; and (2) governments should sponsor credit bureaus where private bureaus might not be commercially viable.
1451867670 : 18.00 USD
1018-5941
10.5089/9781451867671.001 doi
Creditor Rights
Creditors Rights
Financial Deepening
Financial Intermediation
Financial Liberalization
Financial Markets
Botswana
Burkina Faso
Cameroon
Congo, Democratic Republic of the
Eritrea