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Title Financing Africa : through the crisis and beyond / Thorsten Beck [and others]
Published Washington, DC : World Bank, [2011]
Online access available from:
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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.)