Hidden Bibliographic Details
| Other authors / contributors: | Schumacher, Liliana, author.
International Monetary Fund. African Department.
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| ISBN: | 1283511991
9781283511995
145191220X
9781451912203
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| Notes: | Includes bibliographical references (page 25).
Restrictions unspecified
Electronic reproduction. [Place of publication not identified] : HathiTrust Digital Library, 2010.
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212
digitized 2010 HathiTrust Digital Library committed to preserve
Print version record.
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| Summary: | 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.
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| Other form: | Print version: McDonald, Calvin A. Financial deepening in Sub-Saharan Africa. [Washington, D.C.] : International Monetary Fund, African Dept., ©2007
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| Standard no.: | 10.5089/9781451912203.001
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