Financial Integration and Development: Liberalization and Reform in Sub-Saharan Africa

ISBN-13: 9780415180818 / Angielski / Twarda / 1998 / 344 str.

Machiko Nissanke; Ernest Aryeetey

Opis

As part of Structural Adjustment Programmes, many governments in Sub-Saharan Africa initiated a major restructuring of the financial system in the 1980s. Emphasis was placed on the need to adopt financial liberalization measures, and to enhance regulatory and supervisory functions. However, financial reform has at best had a limited developmental effect on the region so far, and widespread fragmentation of financial markets persist.

Spis treści

List of tables, List of illustrations, Foreword, Acknowledgements, 1 Introduction, 2 Analytical framework on the sources of fragmentation, research hypotheses and overview of financial systems, 3 Characteristics and structure of financial systems, 4 Performance of formal financial systems and macroeconomic analysis of flow of funds, 5 A micro-analysis of market specialization and fragmentation, 6 Information, transaction costs and risk management among different institutions, 7 Linkages between segments of the financial market and gaps in financial services, 8 Conclusions and policy implications: towards greater financial integration, References, Index

O autorze

Ernest Aryeetey, Machiko Nissanke