Institutional Factors and Financial Sector Development : Evidence from Sub-Saharan Africa /

The paper assesses the effects of certain institutional factors on financial sector development in Sub- Saharan Africa (SSA). Data Envelopment Analysis (DEA) is applied to determine the extent to which these institutions affect the financial sector, and to suggest which institutions play a more crit...

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Xehetasun bibliografikoak
Egile nagusia: Toroyan, Hovhannes
Beste egile batzuk: Anayiotos, George
Formatua: Aldizkaria
Hizkuntza:English
Argitaratua: Washington, D.C. : International Monetary Fund, 2009.
Saila:IMF Working Papers; Working Paper ; No. 2009/258
Sarrera elektronikoa:Full text available on IMF
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020 |z 9781451874044 
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100 1 |a Toroyan, Hovhannes. 
245 1 0 |a Institutional Factors and Financial Sector Development :   |b Evidence from Sub-Saharan Africa /  |c Hovhannes Toroyan, George Anayiotos. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2009. 
300 |a 1 online resource (25 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a The paper assesses the effects of certain institutional factors on financial sector development in Sub- Saharan Africa (SSA). Data Envelopment Analysis (DEA) is applied to determine the extent to which these institutions affect the financial sector, and to suggest which institutions play a more critical role in each country. Results suggest that institutional factors affect financial depth and access to financial services more than asset quality and profitability (measured by nonperforming loans (NPL) and return on equity (ROE). The results also suggest that depth of credit information has the strongest influence on the NPL ratio, and political stability affects access the most. Based on model findings, policy implications on prioritizing institutional reforms to enhance financial sector development are suggested for individual countries and for country groups. 
538 |a Mode of access: Internet 
700 1 |a Anayiotos, George. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2009/258 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2009/258/001.2009.issue-258-en.xml  |z IMF e-Library