This study provides cross-country evidence and a case study on financial liberalization in Sub-Saharan Africa. Using a newly constructed database of financial liberalization, the study shows that participation in an International Monetary Fund (IMF) program increases the likelihood of financial liberalization in the average country in the sample. Furthermore, there is evidence to support the learning hypothesis, which posits that a country is more likely to implement financial liberalization if a big country in the region (described as a regional leader) has implemented financial...
This study provides cross-country evidence and a case study on financial liberalization in Sub-Saharan Africa. Using a newly constructed database of ...
During the past five decades, sub-Saharan Africa has received more foreign aid than has any other region of the world, and yet poverty remains endemic throughout the region.
During the past five decades, sub-Saharan Africa has received more foreign aid than has any other region of the world, and yet poverty remains endemic...
