| Description |
1 online resource (25 pages) : illustrations |
| Series |
IMF working paper, 2227-8885 ; WP/07/203 |
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IMF working paper ; WP/07/203.
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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 |
| Bibliography |
Includes bibliographical references (page 25) |
| Notes |
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 MiAaHDL |
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digitized 2010 HathiTrust Digital Library committed to preserve pda MiAaHDL |
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Print version record |
| Subject |
Credit -- Africa, Sub-Saharan
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Finance -- Africa, Sub-Saharan
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Credit -- Law and legislation -- Africa, Sub-Saharan
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Credit
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Credit -- Law and legislation
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Economic policy
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Finance
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| SUBJECT |
Africa, Sub-Saharan -- Economic policy
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| Subject |
Sub-Saharan Africa
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| Form |
Electronic book
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| Author |
Schumacher, Liliana, author.
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International Monetary Fund. African Department
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| ISBN |
1283511991 |
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9781283511995 |
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145191220X |
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9781451912203 |
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