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|c 20.00 USD
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|z 9781484348222
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|a 2616-5333
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|a BD-DhAAL
|c BD-DhAAL
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|a Imam, Patrick.
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|a West African Economic and Monetary Union :
|b Financial Depth and Macrostability /
|c Patrick Imam, Christina Kolerus.
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|a Washington, D.C. :
|b International Monetary Fund,
|c 2013.
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|a 1 online resource (45 pages)
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|a Departmental Papers
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|a <strong>Off-Campus Access:</strong> No User ID or Password Required
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|a <strong>On-Campus Access:</strong> No User ID or Password Required
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|a Electronic access restricted to authorized BRAC University faculty, staff and students
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|a The financial system in the WAEMU remains largely bank-based. The banking sector comprises 106 banks and 13 financial institutions, which together hold more than 90 percent of the financial system's assets (about 54 percent of GDP at end-2011). Five banks account for 50 percent of banking assets. The ownership structure of the sector is changing fast, with the rapid rise of foreign-owned (pan-African) banks. This contributes to higher competition but also rising heterogeneity in the banking system, with large and profitable cross-country groups competing with often weaker country-based (and sometime government-owned) banks. Nonbank financial institutions are developing quickly, notably insurance companies, but remain overall small. This paper presents a detailed analysis of the banking system.
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|a Mode of access: Internet
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|a Kolerus, Christina.
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|a Departmental Papers; Departmental Paper ;
|v No. 2013/005
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|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/087/2013/005/087.2013.issue-005-en.xml
|z IMF e-Library
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