| Description |
1 online resource (308 pages) : color illustrations, color map |
| Series |
World Bank e-Library.
|
| Contents |
Financing Africa: setting the stage -- Landscaping African finance -- Expanding financial systems -- Lengthening financial contracts -- Safeguarding financial systems -- All financial sector policy is local |
| Summary |
Financing Africa takes stock of Africa's financial systems in light of recent changes in the global financial system -including the greater risk aversion of international investors, a shift in economic and financial powers towards emerging markets and the regulatory reform debate - and the increasing role of technology. Using a wider and more detailed array of data than previous publications, we observe a trend towards financial deepening, more stability and more inclusion leading up to the crisis; serious challenges, however, continue, including limited access to financial services, focus on short-term contracts and hidden fragility, related to weak regulatory frameworks, undue government interference and governance deficiencies. Our policy analysis therefore focuses on (i) expanding outreach, (ii) fostering long-term finance and (iii) improving regulation and supervision. We identify the positive role of innovation and competition, a stronger focus on non-traditional financial service providers, and more emphasis on demand-side constraints as priority areas for policy actions. --publisher description |
| Bibliography |
Includes bibliographical references and index |
| Notes |
Print version record |
| Subject |
Finance -- Africa.
|
|
Financial institutions -- Africa.
|
|
Monetary policy -- Africa.
|
| Form |
Electronic book
|
| Author |
Beck, Thorsten.
|
| ISBN |
0821387987 (electronic bk.) |
|
9780821387986 (electronic bk.) |
|
