African Financial Sectors and the European Debt Crisis : Will Trouble Blow across the Sahara?
The exposure of African financial sectors to global risks, including the likely fall-out of the on-going European debt crisis, continues to be limited. African financial sectors have received much recognition for their steady growth performance and...
| Main Author: | |
|---|---|
| Format: | Other Financial Sector Study |
| Language: | English en_US |
| Published: |
Washington, DC
2013
|
| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2012/01/16465231/financing-small-medium-enterprises-republic-south-africa-trouble-blow-across-sahara http://hdl.handle.net/10986/12686 |
| id |
okr-10986-12686 |
|---|---|
| recordtype |
oai_dc |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
ACCESS TO INFORMATION ACCOUNTING AGRICULTURAL COMMODITY ARREARS BALANCE SHEET BANK BALANCE SHEETS BANK DEPOSITS BANK LENDING BANK LOAN BANK LOANS BANK RATES BANKING ASSETS BANKING CRISIS BANKING MARKET BANKING SECTOR BANKING SECTOR ASSETS BANKING SECTORS BANKING SYSTEM BANKING SYSTEMS BOND AUCTIONS BOND MARKETS BOND SPREADS BORROWER BROKERAGE BUDGET DEFICIT CAPITAL FLOWS CAPITAL INFLOWS CAPITAL MARKETS CENTRAL BANK COLLATERAL COMMERCIAL BANKS COMMODITY PRICE COMMODITY PRICES CORPORATE BORROWERS CORPORATE GOVERNANCE COUNTRY RISKS CREDIT GROWTH CREDIT LINES CREDIT MARKETS CREDIT PROVISION CREDIT RISK CURRENCY CURRENCY DEPRECIATION CURRENCY DEVALUATION CURRENCY DEVALUATIONS CURRENCY EARNINGS CURRENCY MISMATCHES CURRENCY RISK CURRENCY RISKS CURRENCY VALUATIONS CUSTODY DEBT DEBT BURDEN DEBT CRISIS DEBT LEVELS DEFAULTS DEPOSITS DEVELOPING COUNTRIES DEVELOPMENT BANK DOMESTIC BANKS DOMESTIC BOND DOMESTIC BOND MARKETS DOMESTIC CREDIT DOMESTIC FINANCIAL MARKETS DOMESTIC INSTITUTIONAL INVESTOR DOMESTIC MARKETS EMERGING MARKET EMERGING MARKETS EQUITIES EQUITY MARKET EQUITY MARKETS EUROBOND EXCHANGE RATE EXPORTERS EXTERNAL FUNDING FINANCIAL CONTAGION FINANCIAL CRISIS FINANCIAL FLOWS FINANCIAL INSTITUTIONS FINANCIAL MARKET FINANCIAL SECTOR DEVELOPMENT FINANCIAL STABILITY FINANCIAL SYSTEM FINANCIAL SYSTEMS FISCAL DEFICIT FISCAL DEFICITS FISCAL POLICY FIXED INCOME FIXED INCOME MARKETS FOREIGN BANK FOREIGN BANKS FOREIGN CAPITAL FOREIGN CURRENCY FOREIGN CURRENCY DEBT FOREIGN DIRECT INVESTMENT FOREIGN DIRECT INVESTMENTS FOREIGN EXCHANGE FOREIGN EXCHANGE RESERVES FOREIGN INFLOWS FOREIGN INVESTOR FOREIGN INVESTORS FOREIGN PORTFOLIO INVESTOR GOVERNMENT BOND GOVERNMENT BOND MARKETS GOVERNMENT BORROWING GOVERNMENT BUDGETS GOVERNMENT FUNDING GOVERNMENT SECURITIES HOLDING HOLDINGS INDEBTEDNESS INFLATION INFLATIONARY PRESSURES INSTITUTIONAL INVESTORS INSURANCE INSURANCE COMPANIES INSURANCE PENETRATION INTEREST RATES INTERNATIONAL BANKS INTERNATIONAL BOND INTERNATIONAL BOND ISSUE INTERNATIONAL BOND ISSUES INTERNATIONAL CAPITAL INTERNATIONAL CAPITAL MARKETS INTERNATIONAL FINANCIAL INSTITUTIONS INTERNATIONAL FINANCIAL STATISTICS INTERNATIONAL INVESTMENT INTERNATIONAL INVESTORS INTERNATIONAL MARKET INTERNATIONAL MARKETS INTERNATIONAL SETTLEMENT INVESTING INVESTMENT ALLOCATIONS INVESTMENT FLOWS INVESTMENT FUNDS INVESTMENT PORTFOLIOS INVESTMENT STRATEGIES INVESTOR BASE INVESTOR CONFIDENCE INVESTOR INTEREST INVESTOR PARTICIPATION INVESTOR PERCEPTIONS ISSUANCE LENDERS LETTER OF CREDIT LETTERS OF CREDIT LIQUIDITY LIQUIDITY RISK LOAN LOCAL BANKS LOCAL BOND MARKET LOCAL CURRENCY LOCAL FINANCIAL MARKETS LOCAL MARKETS LOCAL SAVINGS MACROECONOMIC POLICY MARKET ANALYST MARKET ANALYSTS MARKET CAPITALIZATION MARKET CONDITIONS MARKET DEPTH MARKET DEVELOPMENT MARKET LIQUIDITY MARKET PARTICIPANTS MARKET SHARE MARKET STABILITY MARKET TRANSPARENCY MARKET VALUES MATURITY MONETARY POLICY NATIONAL CREDIT NATIONAL DEBT NON-PERFORMING LOANS OIL PRICES PAYMENT OBLIGATIONS PENSION PENSION FUNDS PORTFOLIO PORTFOLIO FLOW PORTFOLIO FLOWS PORTFOLIO INFLOWS PORTFOLIO INVESTMENT PORTFOLIO PERFORMANCE PORTFOLIO QUALITY PORTFOLIOS PRICE VOLATILITY PRIVATE CREDIT PRIVATE SECTOR CREDIT REMITTANCE REMITTANCES RETURNS RISK AVERSION RISK EXPOSURE RISK MANAGEMENT RISK PROFILES SAVINGS RATES SECURITIES SECURITY MARKETS SOLVENCY SOVEREIGN BONDS SOVEREIGN DEBT SOVEREIGN ISSUES STOCK EXCHANGE STOCK EXCHANGES STOCK MARKET STOCKS SUBORDINATED DEBT TRADE FINANCE TRADE FINANCING TRADING TRANSACTION TRANSACTION COSTS TREASURY UNDERDEVELOPED FINANCIAL SECTORS UNSECURED CREDIT WITHDRAWAL |
| spellingShingle |
ACCESS TO INFORMATION ACCOUNTING AGRICULTURAL COMMODITY ARREARS BALANCE SHEET BANK BALANCE SHEETS BANK DEPOSITS BANK LENDING BANK LOAN BANK LOANS BANK RATES BANKING ASSETS BANKING CRISIS BANKING MARKET BANKING SECTOR BANKING SECTOR ASSETS BANKING SECTORS BANKING SYSTEM BANKING SYSTEMS BOND AUCTIONS BOND MARKETS BOND SPREADS BORROWER BROKERAGE BUDGET DEFICIT CAPITAL FLOWS CAPITAL INFLOWS CAPITAL MARKETS CENTRAL BANK COLLATERAL COMMERCIAL BANKS COMMODITY PRICE COMMODITY PRICES CORPORATE BORROWERS CORPORATE GOVERNANCE COUNTRY RISKS CREDIT GROWTH CREDIT LINES CREDIT MARKETS CREDIT PROVISION CREDIT RISK CURRENCY CURRENCY DEPRECIATION CURRENCY DEVALUATION CURRENCY DEVALUATIONS CURRENCY EARNINGS CURRENCY MISMATCHES CURRENCY RISK CURRENCY RISKS CURRENCY VALUATIONS CUSTODY DEBT DEBT BURDEN DEBT CRISIS DEBT LEVELS DEFAULTS DEPOSITS DEVELOPING COUNTRIES DEVELOPMENT BANK DOMESTIC BANKS DOMESTIC BOND DOMESTIC BOND MARKETS DOMESTIC CREDIT DOMESTIC FINANCIAL MARKETS DOMESTIC INSTITUTIONAL INVESTOR DOMESTIC MARKETS EMERGING MARKET EMERGING MARKETS EQUITIES EQUITY MARKET EQUITY MARKETS EUROBOND EXCHANGE RATE EXPORTERS EXTERNAL FUNDING FINANCIAL CONTAGION FINANCIAL CRISIS FINANCIAL FLOWS FINANCIAL INSTITUTIONS FINANCIAL MARKET FINANCIAL SECTOR DEVELOPMENT FINANCIAL STABILITY FINANCIAL SYSTEM FINANCIAL SYSTEMS FISCAL DEFICIT FISCAL DEFICITS FISCAL POLICY FIXED INCOME FIXED INCOME MARKETS FOREIGN BANK FOREIGN BANKS FOREIGN CAPITAL FOREIGN CURRENCY FOREIGN CURRENCY DEBT FOREIGN DIRECT INVESTMENT FOREIGN DIRECT INVESTMENTS FOREIGN EXCHANGE FOREIGN EXCHANGE RESERVES FOREIGN INFLOWS FOREIGN INVESTOR FOREIGN INVESTORS FOREIGN PORTFOLIO INVESTOR GOVERNMENT BOND GOVERNMENT BOND MARKETS GOVERNMENT BORROWING GOVERNMENT BUDGETS GOVERNMENT FUNDING GOVERNMENT SECURITIES HOLDING HOLDINGS INDEBTEDNESS INFLATION INFLATIONARY PRESSURES INSTITUTIONAL INVESTORS INSURANCE INSURANCE COMPANIES INSURANCE PENETRATION INTEREST RATES INTERNATIONAL BANKS INTERNATIONAL BOND INTERNATIONAL BOND ISSUE INTERNATIONAL BOND ISSUES INTERNATIONAL CAPITAL INTERNATIONAL CAPITAL MARKETS INTERNATIONAL FINANCIAL INSTITUTIONS INTERNATIONAL FINANCIAL STATISTICS INTERNATIONAL INVESTMENT INTERNATIONAL INVESTORS INTERNATIONAL MARKET INTERNATIONAL MARKETS INTERNATIONAL SETTLEMENT INVESTING INVESTMENT ALLOCATIONS INVESTMENT FLOWS INVESTMENT FUNDS INVESTMENT PORTFOLIOS INVESTMENT STRATEGIES INVESTOR BASE INVESTOR CONFIDENCE INVESTOR INTEREST INVESTOR PARTICIPATION INVESTOR PERCEPTIONS ISSUANCE LENDERS LETTER OF CREDIT LETTERS OF CREDIT LIQUIDITY LIQUIDITY RISK LOAN LOCAL BANKS LOCAL BOND MARKET LOCAL CURRENCY LOCAL FINANCIAL MARKETS LOCAL MARKETS LOCAL SAVINGS MACROECONOMIC POLICY MARKET ANALYST MARKET ANALYSTS MARKET CAPITALIZATION MARKET CONDITIONS MARKET DEPTH MARKET DEVELOPMENT MARKET LIQUIDITY MARKET PARTICIPANTS MARKET SHARE MARKET STABILITY MARKET TRANSPARENCY MARKET VALUES MATURITY MONETARY POLICY NATIONAL CREDIT NATIONAL DEBT NON-PERFORMING LOANS OIL PRICES PAYMENT OBLIGATIONS PENSION PENSION FUNDS PORTFOLIO PORTFOLIO FLOW PORTFOLIO FLOWS PORTFOLIO INFLOWS PORTFOLIO INVESTMENT PORTFOLIO PERFORMANCE PORTFOLIO QUALITY PORTFOLIOS PRICE VOLATILITY PRIVATE CREDIT PRIVATE SECTOR CREDIT REMITTANCE REMITTANCES RETURNS RISK AVERSION RISK EXPOSURE RISK MANAGEMENT RISK PROFILES SAVINGS RATES SECURITIES SECURITY MARKETS SOLVENCY SOVEREIGN BONDS SOVEREIGN DEBT SOVEREIGN ISSUES STOCK EXCHANGE STOCK EXCHANGES STOCK MARKET STOCKS SUBORDINATED DEBT TRADE FINANCE TRADE FINANCING TRADING TRANSACTION TRANSACTION COSTS TREASURY UNDERDEVELOPED FINANCIAL SECTORS UNSECURED CREDIT WITHDRAWAL World Bank African Financial Sectors and the European Debt Crisis : Will Trouble Blow across the Sahara? |
| geographic_facet |
Africa Sub-Saharan Africa |
| description |
The exposure of African financial
sectors to global risks, including the likely fall-out of
the on-going European debt crisis, continues to be limited.
African financial sectors have received much recognition for
their steady growth performance and resilience during and
after the 2008 global financial crisis. Many of the
transmission channels for global risks and financial
contagion to financial sectors in Africa are narrow or of
limited potential influence. This note analysis the recent
performance of African financial sectors, the degree of
their exposure to European banking sector risks, the
observable impact of a decline in global investor
confidence, as well as the link between fiscal and monetary
policy and financial sector development. The analysis in
this paper focuses primarily on the potential impact of the
European debt crisis on the performance of African financial
sectors and the credit intermediation channel. The analysis
both assesses how a transmission channel affects the
stability and solvency of African financial institutions and
how it affects the ability of African firms and governments
to access funding. |
| format |
Economic & Sector Work :: Other Financial Sector Study |
| author |
World Bank |
| author_facet |
World Bank |
| author_sort |
World Bank |
| title |
African Financial Sectors and the European Debt Crisis : Will Trouble Blow across the Sahara? |
| title_short |
African Financial Sectors and the European Debt Crisis : Will Trouble Blow across the Sahara? |
| title_full |
African Financial Sectors and the European Debt Crisis : Will Trouble Blow across the Sahara? |
| title_fullStr |
African Financial Sectors and the European Debt Crisis : Will Trouble Blow across the Sahara? |
| title_full_unstemmed |
African Financial Sectors and the European Debt Crisis : Will Trouble Blow across the Sahara? |
| title_sort |
african financial sectors and the european debt crisis : will trouble blow across the sahara? |
| publisher |
Washington, DC |
| publishDate |
2013 |
| url |
http://documents.worldbank.org/curated/en/2012/01/16465231/financing-small-medium-enterprises-republic-south-africa-trouble-blow-across-sahara http://hdl.handle.net/10986/12686 |
| _version_ |
1764421747866599424 |
| spelling |
okr-10986-126862021-04-23T14:03:05Z African Financial Sectors and the European Debt Crisis : Will Trouble Blow across the Sahara? World Bank ACCESS TO INFORMATION ACCOUNTING AGRICULTURAL COMMODITY ARREARS BALANCE SHEET BANK BALANCE SHEETS BANK DEPOSITS BANK LENDING BANK LOAN BANK LOANS BANK RATES BANKING ASSETS BANKING CRISIS BANKING MARKET BANKING SECTOR BANKING SECTOR ASSETS BANKING SECTORS BANKING SYSTEM BANKING SYSTEMS BOND AUCTIONS BOND MARKETS BOND SPREADS BORROWER BROKERAGE BUDGET DEFICIT CAPITAL FLOWS CAPITAL INFLOWS CAPITAL MARKETS CENTRAL BANK COLLATERAL COMMERCIAL BANKS COMMODITY PRICE COMMODITY PRICES CORPORATE BORROWERS CORPORATE GOVERNANCE COUNTRY RISKS CREDIT GROWTH CREDIT LINES CREDIT MARKETS CREDIT PROVISION CREDIT RISK CURRENCY CURRENCY DEPRECIATION CURRENCY DEVALUATION CURRENCY DEVALUATIONS CURRENCY EARNINGS CURRENCY MISMATCHES CURRENCY RISK CURRENCY RISKS CURRENCY VALUATIONS CUSTODY DEBT DEBT BURDEN DEBT CRISIS DEBT LEVELS DEFAULTS DEPOSITS DEVELOPING COUNTRIES DEVELOPMENT BANK DOMESTIC BANKS DOMESTIC BOND DOMESTIC BOND MARKETS DOMESTIC CREDIT DOMESTIC FINANCIAL MARKETS DOMESTIC INSTITUTIONAL INVESTOR DOMESTIC MARKETS EMERGING MARKET EMERGING MARKETS EQUITIES EQUITY MARKET EQUITY MARKETS EUROBOND EXCHANGE RATE EXPORTERS EXTERNAL FUNDING FINANCIAL CONTAGION FINANCIAL CRISIS FINANCIAL FLOWS FINANCIAL INSTITUTIONS FINANCIAL MARKET FINANCIAL SECTOR DEVELOPMENT FINANCIAL STABILITY FINANCIAL SYSTEM FINANCIAL SYSTEMS FISCAL DEFICIT FISCAL DEFICITS FISCAL POLICY FIXED INCOME FIXED INCOME MARKETS FOREIGN BANK FOREIGN BANKS FOREIGN CAPITAL FOREIGN CURRENCY FOREIGN CURRENCY DEBT FOREIGN DIRECT INVESTMENT FOREIGN DIRECT INVESTMENTS FOREIGN EXCHANGE FOREIGN EXCHANGE RESERVES FOREIGN INFLOWS FOREIGN INVESTOR FOREIGN INVESTORS FOREIGN PORTFOLIO INVESTOR GOVERNMENT BOND GOVERNMENT BOND MARKETS GOVERNMENT BORROWING GOVERNMENT BUDGETS GOVERNMENT FUNDING GOVERNMENT SECURITIES HOLDING HOLDINGS INDEBTEDNESS INFLATION INFLATIONARY PRESSURES INSTITUTIONAL INVESTORS INSURANCE INSURANCE COMPANIES INSURANCE PENETRATION INTEREST RATES INTERNATIONAL BANKS INTERNATIONAL BOND INTERNATIONAL BOND ISSUE INTERNATIONAL BOND ISSUES INTERNATIONAL CAPITAL INTERNATIONAL CAPITAL MARKETS INTERNATIONAL FINANCIAL INSTITUTIONS INTERNATIONAL FINANCIAL STATISTICS INTERNATIONAL INVESTMENT INTERNATIONAL INVESTORS INTERNATIONAL MARKET INTERNATIONAL MARKETS INTERNATIONAL SETTLEMENT INVESTING INVESTMENT ALLOCATIONS INVESTMENT FLOWS INVESTMENT FUNDS INVESTMENT PORTFOLIOS INVESTMENT STRATEGIES INVESTOR BASE INVESTOR CONFIDENCE INVESTOR INTEREST INVESTOR PARTICIPATION INVESTOR PERCEPTIONS ISSUANCE LENDERS LETTER OF CREDIT LETTERS OF CREDIT LIQUIDITY LIQUIDITY RISK LOAN LOCAL BANKS LOCAL BOND MARKET LOCAL CURRENCY LOCAL FINANCIAL MARKETS LOCAL MARKETS LOCAL SAVINGS MACROECONOMIC POLICY MARKET ANALYST MARKET ANALYSTS MARKET CAPITALIZATION MARKET CONDITIONS MARKET DEPTH MARKET DEVELOPMENT MARKET LIQUIDITY MARKET PARTICIPANTS MARKET SHARE MARKET STABILITY MARKET TRANSPARENCY MARKET VALUES MATURITY MONETARY POLICY NATIONAL CREDIT NATIONAL DEBT NON-PERFORMING LOANS OIL PRICES PAYMENT OBLIGATIONS PENSION PENSION FUNDS PORTFOLIO PORTFOLIO FLOW PORTFOLIO FLOWS PORTFOLIO INFLOWS PORTFOLIO INVESTMENT PORTFOLIO PERFORMANCE PORTFOLIO QUALITY PORTFOLIOS PRICE VOLATILITY PRIVATE CREDIT PRIVATE SECTOR CREDIT REMITTANCE REMITTANCES RETURNS RISK AVERSION RISK EXPOSURE RISK MANAGEMENT RISK PROFILES SAVINGS RATES SECURITIES SECURITY MARKETS SOLVENCY SOVEREIGN BONDS SOVEREIGN DEBT SOVEREIGN ISSUES STOCK EXCHANGE STOCK EXCHANGES STOCK MARKET STOCKS SUBORDINATED DEBT TRADE FINANCE TRADE FINANCING TRADING TRANSACTION TRANSACTION COSTS TREASURY UNDERDEVELOPED FINANCIAL SECTORS UNSECURED CREDIT WITHDRAWAL The exposure of African financial sectors to global risks, including the likely fall-out of the on-going European debt crisis, continues to be limited. African financial sectors have received much recognition for their steady growth performance and resilience during and after the 2008 global financial crisis. Many of the transmission channels for global risks and financial contagion to financial sectors in Africa are narrow or of limited potential influence. This note analysis the recent performance of African financial sectors, the degree of their exposure to European banking sector risks, the observable impact of a decline in global investor confidence, as well as the link between fiscal and monetary policy and financial sector development. The analysis in this paper focuses primarily on the potential impact of the European debt crisis on the performance of African financial sectors and the credit intermediation channel. The analysis both assesses how a transmission channel affects the stability and solvency of African financial institutions and how it affects the ability of African firms and governments to access funding. 2013-03-12T21:59:39Z 2013-03-12T21:59:39Z 2012-01 http://documents.worldbank.org/curated/en/2012/01/16465231/financing-small-medium-enterprises-republic-south-africa-trouble-blow-across-sahara http://hdl.handle.net/10986/12686 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Washington, DC Economic & Sector Work :: Other Financial Sector Study Economic & Sector Work Africa Sub-Saharan Africa |