Finance in Africa - Achievements and Challenges : Finance in Africa - Achievements and Challenges
In spite of shallow financial markets, Sub-Saharan Africa will not escape the repercussions of the global financial crisis. The global turmoil threatens the progress Sub-Saharan Africa has made in financial sector deepening and broadening over the rece...
| Main Authors: | , , |
|---|---|
| Format: | Policy Research Working Paper |
| Language: | English |
| Published: |
2012
|
| Subjects: | |
| Online Access: | http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20090818083808 http://hdl.handle.net/10986/4212 |
| id |
okr-10986-4212 |
|---|---|
| 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 |
| topic |
ACCOUNT HOLDERS ACCOUNTING ASSET POSITIONS ASSET VALUES BAILOUTS BALANCE SHEET BANK ACCOUNT BANK ACCOUNTS BANK BRANCH BANK DEPOSITS BANK OF TANZANIA BANK PRIVATIZATION BANK REGULATION BANKING SECTORS BANKING SERVICES BANKING SYSTEM BANKING SYSTEMS BANKRUPTCY BANKRUPTCY LEGISLATION CAPITAL ACCOUNT CAPITAL ACCOUNT LIBERALIZATION CAPITAL ACCOUNT RESTRICTIONS CAPITAL FLOWS CAPITAL INFLOWS CAPITAL MARKET CAPITAL MARKET DEVELOPMENT CAPITAL MARKETS CAPITAL REQUIREMENTS CENTRAL BANKS CHECKING ACCOUNT CHECKING ACCOUNTS CIVIL CODE COLLATERAL COLLATERAL REGISTRIES COMMODITY PRICE COMMODITY PRICES CONTRACT ENFORCEMENT COORDINATION FAILURES CORPORATE BOND CORPORATE BOND ISSUES CORPORATE DEBT CORPORATE DEBT MARKETS COUNTRY COMPARISONS CREDIT COOPERATIVES CREDIT GUARANTEE CREDIT PROGRAMS CREDIT RATING CREDIT RATING AGENCIES CREDIT RISK CREDITOR CREDITOR RIGHTS DEBT DEBT CONTRACT DEPOSIT DEPOSIT INSURANCE DEPOSIT INSURANCE SCHEMES DEPOSIT INTEREST DEPOSITORS DEPOSITS DERIVATIVE DERIVATIVE INSTRUMENTS DEVELOPING COUNTRIES DEVELOPING COUNTRY DEVELOPMENT BANK DEVELOPMENT FINANCE DIRECTED CREDIT DISCLOSURE STANDARDS DISPUTE RESOLUTION ECONOMIC DEVELOPMENT EMERGING ECONOMIES EMERGING MARKET EMERGING MARKET DEBT EMERGING MARKETS ENFORCEMENT MECHANISMS ENFORCEMENT POWERS ENTRY BARRIERS EXPORTERS EXPROPRIATION EXTERNAL FINANCE FACTORING FINANCIAL CRISES FINANCIAL CRISIS FINANCIAL DEEPENING FINANCIAL DISTRESS FINANCIAL INSTITUTION FINANCIAL INSTITUTIONS FINANCIAL INTEGRATION FINANCIAL MARKET FINANCIAL MARKET PARTICIPANTS FINANCIAL MARKETS FINANCIAL SECTOR DEVELOPMENT FINANCIAL SERVICE PROVIDERS FINANCIAL SERVICES FINANCIAL SYSTEM FINANCIAL SYSTEMS FISCAL DISCIPLINE FIXED COSTS FOREIGN BANKS FOREIGN DIRECT INVESTMENT FOREIGN INVESTORS GLOBAL ECONOMY GLOBALIZATION GOVERNMENT GUARANTEES GOVERNMENT INTERVENTION GOVERNMENT INTERVENTIONS GOVERNMENT INVOLVEMENT GOVERNMENT OWNERSHIP GOVERNMENT POLICIES HOST ECONOMIES HOUSEHOLD INCOME INCOME LEVEL INFLATION INFRASTRUCTURE FINANCING INITIAL PUBLIC OFFERINGS INTEREST COSTS INTEREST RATE INTEREST RATE SPREADS INTEREST RATES INTERNATIONAL BANK INTERNATIONAL BANKS INTERNATIONAL CAPITAL INTERNATIONAL FINANCIAL INSTITUTIONS INTERNATIONAL FINANCIAL MARKETS INTERNATIONAL TRADE INVESTMENT BANKS LACK OF COMPETITION LAWS LEGAL SYSTEM LEGAL TRADITION LEGISLATION LENDER LENDER-OF-LAST-RESORT LENDING INTEREST RATES LIQUIDITY LIQUIDITY MANAGEMENT LOAN LOAN CLASSIFICATION LOCAL CAPACITY LOCAL FINANCIAL INSTITUTIONS LONG-TERM FINANCE MACROECONOMIC STABILITY MARKET ENTRY MARKET PLAYERS MARKET SIZE MARKET STRUCTURE MINISTRIES OF FINANCE MONETARY STABILITY MORAL HAZARD MORAL SUASION NATURAL RESOURCES NEW ENTRANTS NON-PERFORMING LOANS OFFSHORE FINANCIAL CENTERS OPERATIONAL INDEPENDENCE OVERHEAD COSTS PARTIAL CREDIT PAYMENT SERVICES PAYMENT SYSTEM PAYMENT SYSTEMS PENSION PENSION REFORM POLITICAL VOLATILITY POSTAL SAVINGS PRIVATE BANKS PRIVATE CAPITAL PRIVATE CAPITAL INFLOWS PRIVATE CREDIT PRIVATE LENDERS PRIVATIZATION PRODUCTIVITY PROFITABILITY PROPERTY RIGHTS RATING AGENCIES REAL SECTOR RECAPITALIZATION REGIONAL BANKS REGIONAL FINANCIAL INSTITUTIONS REGULATORY AUTHORITIES REGULATORY FRAMEWORK REGULATORY FRAMEWORKS REMITTANCE REPAYMENTS RESERVES RESOURCE ALLOCATION RETURNS RISK SHARING RISK TAKING SAVINGS SAVINGS ACCOUNT SAVINGS ACCOUNTS SAVINGS BANK SAVINGS BANKS SECONDARY MARKETS SECURITIES STOCK EXCHANGE STOCK EXCHANGES STOCK MARKET STOCK MARKETS SUBSIDIARIES SUBSIDIARY SUPERVISORY AUTHORITIES SUPERVISORY FRAMEWORK TANGIBLE ASSETS TAX TELECOMMUNICATIONS TERRORISM TRANSACTION TRANSITION ECONOMIES TRANSPORT WITHDRAWAL |
| spellingShingle |
ACCOUNT HOLDERS ACCOUNTING ASSET POSITIONS ASSET VALUES BAILOUTS BALANCE SHEET BANK ACCOUNT BANK ACCOUNTS BANK BRANCH BANK DEPOSITS BANK OF TANZANIA BANK PRIVATIZATION BANK REGULATION BANKING SECTORS BANKING SERVICES BANKING SYSTEM BANKING SYSTEMS BANKRUPTCY BANKRUPTCY LEGISLATION CAPITAL ACCOUNT CAPITAL ACCOUNT LIBERALIZATION CAPITAL ACCOUNT RESTRICTIONS CAPITAL FLOWS CAPITAL INFLOWS CAPITAL MARKET CAPITAL MARKET DEVELOPMENT CAPITAL MARKETS CAPITAL REQUIREMENTS CENTRAL BANKS CHECKING ACCOUNT CHECKING ACCOUNTS CIVIL CODE COLLATERAL COLLATERAL REGISTRIES COMMODITY PRICE COMMODITY PRICES CONTRACT ENFORCEMENT COORDINATION FAILURES CORPORATE BOND CORPORATE BOND ISSUES CORPORATE DEBT CORPORATE DEBT MARKETS COUNTRY COMPARISONS CREDIT COOPERATIVES CREDIT GUARANTEE CREDIT PROGRAMS CREDIT RATING CREDIT RATING AGENCIES CREDIT RISK CREDITOR CREDITOR RIGHTS DEBT DEBT CONTRACT DEPOSIT DEPOSIT INSURANCE DEPOSIT INSURANCE SCHEMES DEPOSIT INTEREST DEPOSITORS DEPOSITS DERIVATIVE DERIVATIVE INSTRUMENTS DEVELOPING COUNTRIES DEVELOPING COUNTRY DEVELOPMENT BANK DEVELOPMENT FINANCE DIRECTED CREDIT DISCLOSURE STANDARDS DISPUTE RESOLUTION ECONOMIC DEVELOPMENT EMERGING ECONOMIES EMERGING MARKET EMERGING MARKET DEBT EMERGING MARKETS ENFORCEMENT MECHANISMS ENFORCEMENT POWERS ENTRY BARRIERS EXPORTERS EXPROPRIATION EXTERNAL FINANCE FACTORING FINANCIAL CRISES FINANCIAL CRISIS FINANCIAL DEEPENING FINANCIAL DISTRESS FINANCIAL INSTITUTION FINANCIAL INSTITUTIONS FINANCIAL INTEGRATION FINANCIAL MARKET FINANCIAL MARKET PARTICIPANTS FINANCIAL MARKETS FINANCIAL SECTOR DEVELOPMENT FINANCIAL SERVICE PROVIDERS FINANCIAL SERVICES FINANCIAL SYSTEM FINANCIAL SYSTEMS FISCAL DISCIPLINE FIXED COSTS FOREIGN BANKS FOREIGN DIRECT INVESTMENT FOREIGN INVESTORS GLOBAL ECONOMY GLOBALIZATION GOVERNMENT GUARANTEES GOVERNMENT INTERVENTION GOVERNMENT INTERVENTIONS GOVERNMENT INVOLVEMENT GOVERNMENT OWNERSHIP GOVERNMENT POLICIES HOST ECONOMIES HOUSEHOLD INCOME INCOME LEVEL INFLATION INFRASTRUCTURE FINANCING INITIAL PUBLIC OFFERINGS INTEREST COSTS INTEREST RATE INTEREST RATE SPREADS INTEREST RATES INTERNATIONAL BANK INTERNATIONAL BANKS INTERNATIONAL CAPITAL INTERNATIONAL FINANCIAL INSTITUTIONS INTERNATIONAL FINANCIAL MARKETS INTERNATIONAL TRADE INVESTMENT BANKS LACK OF COMPETITION LAWS LEGAL SYSTEM LEGAL TRADITION LEGISLATION LENDER LENDER-OF-LAST-RESORT LENDING INTEREST RATES LIQUIDITY LIQUIDITY MANAGEMENT LOAN LOAN CLASSIFICATION LOCAL CAPACITY LOCAL FINANCIAL INSTITUTIONS LONG-TERM FINANCE MACROECONOMIC STABILITY MARKET ENTRY MARKET PLAYERS MARKET SIZE MARKET STRUCTURE MINISTRIES OF FINANCE MONETARY STABILITY MORAL HAZARD MORAL SUASION NATURAL RESOURCES NEW ENTRANTS NON-PERFORMING LOANS OFFSHORE FINANCIAL CENTERS OPERATIONAL INDEPENDENCE OVERHEAD COSTS PARTIAL CREDIT PAYMENT SERVICES PAYMENT SYSTEM PAYMENT SYSTEMS PENSION PENSION REFORM POLITICAL VOLATILITY POSTAL SAVINGS PRIVATE BANKS PRIVATE CAPITAL PRIVATE CAPITAL INFLOWS PRIVATE CREDIT PRIVATE LENDERS PRIVATIZATION PRODUCTIVITY PROFITABILITY PROPERTY RIGHTS RATING AGENCIES REAL SECTOR RECAPITALIZATION REGIONAL BANKS REGIONAL FINANCIAL INSTITUTIONS REGULATORY AUTHORITIES REGULATORY FRAMEWORK REGULATORY FRAMEWORKS REMITTANCE REPAYMENTS RESERVES RESOURCE ALLOCATION RETURNS RISK SHARING RISK TAKING SAVINGS SAVINGS ACCOUNT SAVINGS ACCOUNTS SAVINGS BANK SAVINGS BANKS SECONDARY MARKETS SECURITIES STOCK EXCHANGE STOCK EXCHANGES STOCK MARKET STOCK MARKETS SUBSIDIARIES SUBSIDIARY SUPERVISORY AUTHORITIES SUPERVISORY FRAMEWORK TANGIBLE ASSETS TAX TELECOMMUNICATIONS TERRORISM TRANSACTION TRANSITION ECONOMIES TRANSPORT WITHDRAWAL Beck, Thorsten Fuchs, Michael Uy, Marilou Finance in Africa - Achievements and Challenges : Finance in Africa - Achievements and Challenges |
| geographic_facet |
Africa Africa Africa |
| relation |
Policy Research working paper ; no. WPS 5020 |
| description |
In spite of shallow financial markets,
Sub-Saharan Africa will not escape the repercussions of the
global financial crisis. The global turmoil threatens the
progress Sub-Saharan Africa has made in financial sector
deepening and broadening over the recent years and
underlines the importance of continuing and deepening the
necessary institutional reforms. In this context it is
important to define the role of government in expanding
financial sectors in a sustainable and market-friendly
manner. Foreign banks have brought more benefits than risks
for their host economies in Sub-Saharan Africa, but are
certainly not a panacea and not a substitute for
institutional and policy reform. The profile of foreign
banks, however, has changed, with more and more regional
banks emerging. This trend toward regional integration is
promising as it might allow the small African financial
system to reap benefits from scale economies, but it also
requires regulatory and supervisory improvements and
coordination across the region. |
| format |
Publications & Research :: Policy Research Working Paper |
| author |
Beck, Thorsten Fuchs, Michael Uy, Marilou |
| author_facet |
Beck, Thorsten Fuchs, Michael Uy, Marilou |
| author_sort |
Beck, Thorsten |
| title |
Finance in Africa - Achievements and
Challenges : Finance in Africa - Achievements and Challenges |
| title_short |
Finance in Africa - Achievements and
Challenges : Finance in Africa - Achievements and Challenges |
| title_full |
Finance in Africa - Achievements and
Challenges : Finance in Africa - Achievements and Challenges |
| title_fullStr |
Finance in Africa - Achievements and
Challenges : Finance in Africa - Achievements and Challenges |
| title_full_unstemmed |
Finance in Africa - Achievements and
Challenges : Finance in Africa - Achievements and Challenges |
| title_sort |
finance in africa - achievements and
challenges : finance in africa - achievements and challenges |
| publishDate |
2012 |
| url |
http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20090818083808 http://hdl.handle.net/10986/4212 |
| _version_ |
1764390433016774656 |
| spelling |
okr-10986-42122021-04-23T14:02:16Z Finance in Africa - Achievements and Challenges : Finance in Africa - Achievements and Challenges Beck, Thorsten Fuchs, Michael Uy, Marilou ACCOUNT HOLDERS ACCOUNTING ASSET POSITIONS ASSET VALUES BAILOUTS BALANCE SHEET BANK ACCOUNT BANK ACCOUNTS BANK BRANCH BANK DEPOSITS BANK OF TANZANIA BANK PRIVATIZATION BANK REGULATION BANKING SECTORS BANKING SERVICES BANKING SYSTEM BANKING SYSTEMS BANKRUPTCY BANKRUPTCY LEGISLATION CAPITAL ACCOUNT CAPITAL ACCOUNT LIBERALIZATION CAPITAL ACCOUNT RESTRICTIONS CAPITAL FLOWS CAPITAL INFLOWS CAPITAL MARKET CAPITAL MARKET DEVELOPMENT CAPITAL MARKETS CAPITAL REQUIREMENTS CENTRAL BANKS CHECKING ACCOUNT CHECKING ACCOUNTS CIVIL CODE COLLATERAL COLLATERAL REGISTRIES COMMODITY PRICE COMMODITY PRICES CONTRACT ENFORCEMENT COORDINATION FAILURES CORPORATE BOND CORPORATE BOND ISSUES CORPORATE DEBT CORPORATE DEBT MARKETS COUNTRY COMPARISONS CREDIT COOPERATIVES CREDIT GUARANTEE CREDIT PROGRAMS CREDIT RATING CREDIT RATING AGENCIES CREDIT RISK CREDITOR CREDITOR RIGHTS DEBT DEBT CONTRACT DEPOSIT DEPOSIT INSURANCE DEPOSIT INSURANCE SCHEMES DEPOSIT INTEREST DEPOSITORS DEPOSITS DERIVATIVE DERIVATIVE INSTRUMENTS DEVELOPING COUNTRIES DEVELOPING COUNTRY DEVELOPMENT BANK DEVELOPMENT FINANCE DIRECTED CREDIT DISCLOSURE STANDARDS DISPUTE RESOLUTION ECONOMIC DEVELOPMENT EMERGING ECONOMIES EMERGING MARKET EMERGING MARKET DEBT EMERGING MARKETS ENFORCEMENT MECHANISMS ENFORCEMENT POWERS ENTRY BARRIERS EXPORTERS EXPROPRIATION EXTERNAL FINANCE FACTORING FINANCIAL CRISES FINANCIAL CRISIS FINANCIAL DEEPENING FINANCIAL DISTRESS FINANCIAL INSTITUTION FINANCIAL INSTITUTIONS FINANCIAL INTEGRATION FINANCIAL MARKET FINANCIAL MARKET PARTICIPANTS FINANCIAL MARKETS FINANCIAL SECTOR DEVELOPMENT FINANCIAL SERVICE PROVIDERS FINANCIAL SERVICES FINANCIAL SYSTEM FINANCIAL SYSTEMS FISCAL DISCIPLINE FIXED COSTS FOREIGN BANKS FOREIGN DIRECT INVESTMENT FOREIGN INVESTORS GLOBAL ECONOMY GLOBALIZATION GOVERNMENT GUARANTEES GOVERNMENT INTERVENTION GOVERNMENT INTERVENTIONS GOVERNMENT INVOLVEMENT GOVERNMENT OWNERSHIP GOVERNMENT POLICIES HOST ECONOMIES HOUSEHOLD INCOME INCOME LEVEL INFLATION INFRASTRUCTURE FINANCING INITIAL PUBLIC OFFERINGS INTEREST COSTS INTEREST RATE INTEREST RATE SPREADS INTEREST RATES INTERNATIONAL BANK INTERNATIONAL BANKS INTERNATIONAL CAPITAL INTERNATIONAL FINANCIAL INSTITUTIONS INTERNATIONAL FINANCIAL MARKETS INTERNATIONAL TRADE INVESTMENT BANKS LACK OF COMPETITION LAWS LEGAL SYSTEM LEGAL TRADITION LEGISLATION LENDER LENDER-OF-LAST-RESORT LENDING INTEREST RATES LIQUIDITY LIQUIDITY MANAGEMENT LOAN LOAN CLASSIFICATION LOCAL CAPACITY LOCAL FINANCIAL INSTITUTIONS LONG-TERM FINANCE MACROECONOMIC STABILITY MARKET ENTRY MARKET PLAYERS MARKET SIZE MARKET STRUCTURE MINISTRIES OF FINANCE MONETARY STABILITY MORAL HAZARD MORAL SUASION NATURAL RESOURCES NEW ENTRANTS NON-PERFORMING LOANS OFFSHORE FINANCIAL CENTERS OPERATIONAL INDEPENDENCE OVERHEAD COSTS PARTIAL CREDIT PAYMENT SERVICES PAYMENT SYSTEM PAYMENT SYSTEMS PENSION PENSION REFORM POLITICAL VOLATILITY POSTAL SAVINGS PRIVATE BANKS PRIVATE CAPITAL PRIVATE CAPITAL INFLOWS PRIVATE CREDIT PRIVATE LENDERS PRIVATIZATION PRODUCTIVITY PROFITABILITY PROPERTY RIGHTS RATING AGENCIES REAL SECTOR RECAPITALIZATION REGIONAL BANKS REGIONAL FINANCIAL INSTITUTIONS REGULATORY AUTHORITIES REGULATORY FRAMEWORK REGULATORY FRAMEWORKS REMITTANCE REPAYMENTS RESERVES RESOURCE ALLOCATION RETURNS RISK SHARING RISK TAKING SAVINGS SAVINGS ACCOUNT SAVINGS ACCOUNTS SAVINGS BANK SAVINGS BANKS SECONDARY MARKETS SECURITIES STOCK EXCHANGE STOCK EXCHANGES STOCK MARKET STOCK MARKETS SUBSIDIARIES SUBSIDIARY SUPERVISORY AUTHORITIES SUPERVISORY FRAMEWORK TANGIBLE ASSETS TAX TELECOMMUNICATIONS TERRORISM TRANSACTION TRANSITION ECONOMIES TRANSPORT WITHDRAWAL In spite of shallow financial markets, Sub-Saharan Africa will not escape the repercussions of the global financial crisis. The global turmoil threatens the progress Sub-Saharan Africa has made in financial sector deepening and broadening over the recent years and underlines the importance of continuing and deepening the necessary institutional reforms. In this context it is important to define the role of government in expanding financial sectors in a sustainable and market-friendly manner. Foreign banks have brought more benefits than risks for their host economies in Sub-Saharan Africa, but are certainly not a panacea and not a substitute for institutional and policy reform. The profile of foreign banks, however, has changed, with more and more regional banks emerging. This trend toward regional integration is promising as it might allow the small African financial system to reap benefits from scale economies, but it also requires regulatory and supervisory improvements and coordination across the region. 2012-03-19T19:11:55Z 2012-03-19T19:11:55Z 2009-08-01 http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20090818083808 http://hdl.handle.net/10986/4212 English Policy Research working paper ; no. WPS 5020 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Publications & Research :: Policy Research Working Paper Africa Africa Africa |