The African Financial Development Gap

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dc.contributor.author ALLEN, Franklin
dc.contributor.author CARLETTI, Elena
dc.contributor.author CULL, Robert
dc.contributor.author QIAN, Jun 'QJ'
dc.contributor.author SENBET, Lemma
dc.date.accessioned 2010-05-25T08:38:30Z
dc.date.available 2010-05-25T08:38:30Z
dc.date.issued 2010
dc.identifier.issn 1725-6704
dc.identifier.uri http://hdl.handle.net/1814/14057
dc.description.abstract Economic growth in Africa has long been disappointing. We document that the financial sectors of most sub-Saharan African countries remain significantly underdeveloped by the standards of other developing countries. We examine the factors that are associated with financial development in Africa and compare them with those in other developing countries. Population density appears to be considerably more important for banking sector development in Africa than elsewhere. Given the high costs of developing viable banking sectors outside metropolitan areas, technology advances, such as mobile banking, could be a promising way to facilitate African financial development. Similarly to other developing countries, natural resources endowment is associated with a lower level of financial development in Africa, but macro policies do not appear to be an important determinant en
dc.language.iso en en
dc.relation.ispartofseries EUI ECO en
dc.relation.ispartofseries 2010/24 en
dc.subject Africa en
dc.subject finance and growth en
dc.subject banks en
dc.subject institutions en
dc.subject population density en
dc.subject O5 en
dc.subject K0 en
dc.subject G0 en
dc.title The African Financial Development Gap en
dc.type Working Paper en
dc.neeo.contributor CULL|Robert|aut|
dc.neeo.contributor QIAN|Jun “QJ”|aut|
dc.neeo.contributor SENBET|Lemma|aut|
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