Financial deepening in Sub-Saharan Africa : empirical evidence on the role of creditor rights protection and information sharing /

Financial deepening in Sub-Saharan Africa : empirical evidence on the role of creditor rights protection and information sharing /

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Bibliographic Details
Author / Creator:	McDonald, Calvin A., author.
Imprint:	[Washington, D.C.] : International Monetary Fund, African Dept., ©2007.
Description:	1 online resource (25 pages) : illustrations
Language:	English
Series:	IMF working paper, 2227-8885 ; WP/07/203 IMF working paper ; WP/07/203.
Subject:	Credit -- Africa, Sub-Saharan. Finance -- Africa, Sub-Saharan. Credit -- Law and legislation -- Africa, Sub-Saharan. Credit. Credit -- Law and legislation. Economic policy. Finance. Africa, Sub-Saharan -- Economic policy. Sub-Saharan Africa.
Format:	E-Resource Book
URL for this record:	http://pi.lib.uchicago.edu/1001/cat/bib/12497808

Hidden Bibliographic Details
Other authors / contributors:	Schumacher, Liliana, author. International Monetary Fund. African Department.
ISBN:	1283511991 9781283511995 145191220X 9781451912203
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.
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.
Other form:	Print version: McDonald, Calvin A. Financial deepening in Sub-Saharan Africa. [Washington, D.C.] : International Monetary Fund, African Dept., ©2007
Standard no.:	10.5089/9781451912203.001

Description
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.
Physical Description:	1 online resource (25 pages) : illustrations
Format:	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.
Bibliography:	Includes bibliographical references (page 25).
ISBN:	1283511991 9781283511995 145191220X 9781451912203
ISSN:	2227-8885 ;