The Economics Of Banking And Finance In Africa

Author : Joshua Yindenaba Abor,Charles Komla Delali Adjasi
Publisher : Springer Nature
Page : 1093 pages
File Size : 51,7 Mb
Release : 2022-09-17
Category : Business & Economics
ISBN : 9783031041624

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The Economics of Banking and Finance in Africa by Joshua Yindenaba Abor,Charles Komla Delali Adjasi Pdf

This book evaluates the characteristics and developments in Africa’s financial systems, including monetary policy, structured finance, sustainable finance and banking, FinTech, RegTech, SupTech, inclusive finance, the role of regulation in dealing with banking crises, the impact of the COVID-19 pandemic on Africa’s financial systems and how to reform the post-COVID-19 financial systems. It is made up of contributions from scholars in finance and economics as well as financial market practitioners. Banking and the financial markets play a significant role in the growth of various economies. Although a number of handbooks on banking and finance exist, they mainly focus on Europe, America and Asia. Banks and financial markets in Africa are confronted with different challenges and therefore present a unique case to understand Africa’s financial systems. A number of African countries have experienced banking crises and it is important to examine these issues as well as the regulatory regimes required to address them. This edited book contributes to the limited texts in the area by providing a comprehensive resource on banking and finance for students, scholars, researchers, policymakers, and financial market practitioners. It contains various theoretical and empirical chapters on banking and finance in Africa.

Author : Joshua Yindenaba Abor,Agyapomaa Gyeke-Dako,Vera Ogeh Fiador,Elikplimi Komla Agbloyor,Mohammed Amidu,Lord Mensah
Publisher : Springer Nature
Page : 393 pages
File Size : 42,8 Mb
Release : 2019-09-12
Category : Business & Economics
ISBN : 9783319774589

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Money and Banking in Africa by Joshua Yindenaba Abor,Agyapomaa Gyeke-Dako,Vera Ogeh Fiador,Elikplimi Komla Agbloyor,Mohammed Amidu,Lord Mensah Pdf

This book presents a holistic exploration of the banking systems in Africa. Considering the central role that banks play in most developing countries and the vastly different trends and challenges they face, the book provides a crucial understanding of the specific environments in which banks operate. It addresses specific banking issues relevant to developing countries in general and Africa in particular, and explores the various dynamics of money and banking that separate Africa from the rest of the world. The authors build upon extensive Africa-based research and university teaching, and illustrate each topic with examples and cases from the continent. Written in an accessible style while retaining its practicality and relevance, it is an essential read for professionals, students, and other readers interested in policies affecting the banking sector’s development in Africa.

Author : Anonim
Publisher : Unknown
Page : 128 pages
File Size : 54,5 Mb
Release : 2020
Category : Electronic
ISBN : 9286144954

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Banking in Africa by Anonim Pdf

In its fifth edition, this report focuses on recent developments in Africa's banking sectors and the policy options for all stakeholders. The study of banking sectors across all African sub-regions includes the results of the EIB survey of banking groups operating in Africa. Three thematic chapters address challenges and opportunities for financing investment in Africa: - Investing sustainably in Africa's cities; - Mobilising agricultural value chain financing in Africa: why and how; - Remittances and financial sector development in Africa.

Author : Samuel Munzele Maimbo,Issa Faye,Thouraya Triki
Publisher : World Bank Publications
Page : 325 pages
File Size : 55,6 Mb
Release : 2011-09-07
Category : Business & Economics
ISBN : 9780821387979

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Financing Africa by Samuel Munzele Maimbo,Issa Faye,Thouraya Triki Pdf

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. Specifically, competition from new players outside the banking system, including telecomm companies can increase outreach with technological innovation that changes the economics of retail finance. Moving beyond national stock exchanges that are not sustainable in most African countries towards regional solutions and over-the-counter trades can help foster long-term finance, as can addressing governance challenges in contractual savings institutions, including life insurance companies and pension funds. Finally, there is a need to look beyond supply-side constraints towards users of financial services, focusing more on financial literacy of households and firms, but also consumer protection. In formulating policy messages, we carefully distinguish between different country groupings, differentiating -- among others -- between low- and middle-income and small and larger economies, with a special focus on resource-based economies and post-conflict countries. This book reaches out to both policy makers concerned about a more inclusive and effective financial system and other stakeholders, including practitioners and development partners. With this book we aim to contribute to the on-going financial sector debate on Africa, with the ultimate goal of faster economic development and poverty reduction.

Author : Thorsten Beck,Samuel Munzele Maimbo
Publisher : World Bank Publications
Page : 255 pages
File Size : 53,7 Mb
Release : 2012-11-27
Category : Business & Economics
ISBN : 9780821396285

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Financial Sector Development in Africa by Thorsten Beck,Samuel Munzele Maimbo Pdf

This edited volume contains eight studies of financial sector challenges in Africa that served as background studies for Financing Africa: Through the Crisis and Beyond. One of the major challenges for African financial systems is to expand financial services to a larger share of the population. The chapters in this area cover microfinance in Africa, the role of technology, reforms of payment infrastructure, and financing agriculture. Two chapters cover challenges in increasing long-term finance; one covers housing finance and the other the role of sovereign wealth fund. The book also contains a detailed discussion of bank regulation and supervision, especially in light of the current regulatory reforms in Europe and North America. The final chapter provides a political economy perspective, discussing the conditions for activist government policies in the financial sector.

Author : Patrick Honohan,Thorsten Beck
Publisher : World Bank Publications
Page : 264 pages
File Size : 47,7 Mb
Release : 2007
Category : Business & Economics
ISBN : 9780821369104

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Making Finance Work for Africa by Patrick Honohan,Thorsten Beck Pdf

Drawing on its extensive experience in helping restructure and reform financial systems, the World Bank examines the state of African domestic financial systems in a global comparison. It identifies promising trends as well as pinpointing the major shortcomings that are observed across sub-Saharan Africa. Policy recommendations distinguish between those designed to make finance a more effective driver of economic growth and those designed to give low income, small-scale and other excluded groups better access to financial services.

Author : Dana T. Redford
Publisher : Emerald Group Publishing
Page : 313 pages
File Size : 45,9 Mb
Release : 2017-05-11
Category : Business & Economics
ISBN : 9781787141872

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Developing Africa’s Financial Services by Dana T. Redford Pdf

Financial services are an essential element in powering entrepreneurial activity beyond resource extraction in Africa. This book examines the macro-trends and highlights inspiring success stories of entrepreneurial financial sector ventures that are making a lasting contribution to the economic development of various sub-Saharan African countries.

Author : Mr.Montfort Mlachila,Mr.Masafumi Yabara
Publisher : International Monetary Fund
Page : 34 pages
File Size : 50,6 Mb
Release : 2013-09-26
Category : Business & Economics
ISBN : 9781484344538

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Banking in Sub-Saharan Africa by Mr.Montfort Mlachila,Mr.Masafumi Yabara Pdf

Many countries in sub-Saharan Africa (SSA) have seen accelerated growth for an extended period of time since the mid-1990s, making a clear break with their long stagnant growth during the previous two decades. That said, the region faces significant challenges over the medium to long term, including reducing poverty, overcoming infrastructure bottlenecks, enhancing productivity and skill levels, and improving the business climate, among others. The banking sector remains underdeveloped in SSA, thus reducing its contribution to growth, although its limited integration with global financial markets helped countries weather adverse effects of the global financial crisis. It is imperative that the banking sector plays a more active role in SSA, in order to achieve sustainable growth led by the private sector. This paper, building on the recent literature on SSA, discusses the main features of the region’s growth and macroeconomic performance in recent years and the outlook for the coming years; it then reviews the main features of SSA banking systems and how they were affected by the global economic crisis, while flagging some factors that could influence financial sector developments in SSA in the period ahead.

Author : Sandrine Kablan
Publisher : International Monetary Fund
Page : 27 pages
File Size : 51,6 Mb
Release : 2010-06-01
Category : Business & Economics
ISBN : 9781455201198

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Banking Efficiency and Financial Development in Sub-Saharan Africa by Sandrine Kablan Pdf

This study assesses the determinants of banking system efficiency in sub-Saharan Africa (SSA) and asks what, besides the degree of efficiency, explains the low level of financial development in the region. It uses stochastic frontier analysis to measure efficiency and a generalized method of moments system to explain financial development. SSA banks are found to be generally cost-efficient, but nonperforming loans undermine efficiency, which suggests that improvement in the regulatory and credit environments should improve efficiency. The political and the economic environment have held back financial development in SSA.

Author : Stephany Griffith-Jones,Ricardo Gottschalk
Publisher : Routledge
Page : 219 pages
File Size : 42,8 Mb
Release : 2016-03-24
Category : Business & Economics
ISBN : 9781317301684

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Achieving Financial Stability and Growth in Africa by Stephany Griffith-Jones,Ricardo Gottschalk Pdf

This book explores how the financial system should be regulated and structured to achieve the twin goals of inclusive growth and financial stability, with a focus on African low-income countries (LICs). The subject and content of this book is original in that it attempts to draw on the lessons and radical rethinking on the financial sector in developed and middle income countries, arising in the wake of the international financial crisis. It includes four in- depth country case studies, of Kenya, Ghana, Nigeria and Ethiopia, but also analyses the empirical evidence for Sub-Saharan Africa as a whole, evaluating the relevance (or not) of such major changes for the very different financial sectors and economies in low income countries. Achieving Financial Stability and Growth in Africa has major academic and policy implications, especially for low income countries, but also more generally, on broader issues. These include the desirable size of the financial sector, as well as more specific issues, such as the high cost of borrowing of small and medium enterprises in LICs, and possible measures to reduce it. Highly topical subjects like the appropriate regulation of the financial sector and management of capital flows are discussed in depth. Though drawing on comprehensive reviews of the literature, this volume has the virtue of the large comparative academic and policy experience of researchers, as well as in-depth case studies, that take account of institutional and economic features of low- income countries. Written by senior academics and policy-makers, this book is a must read for those researching or participating in the financial sectors of low-income countries, as well as in developed economies. It is also suitable for those who study political economy and public finance.

Author : Patrick A. Imam,Ms.Christina Kolerus
Publisher : International Monetary Fund
Page : 46 pages
File Size : 45,5 Mb
Release : 2013-10-22
Category : Business & Economics
ISBN : 9781484348222

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West African Economic and Monetary Union by Patrick A. Imam,Ms.Christina Kolerus Pdf

The financial system in the WAEMU remains largely bank-based. The banking sector comprises 106 banks and 13 financial institutions, which together hold more than 90 percent of the financial system’s assets (about 54 percent of GDP at end-2011). Five banks account for 50 percent of banking assets. The ownership structure of the sector is changing fast, with the rapid rise of foreign-owned (pan-African) banks. This contributes to higher competition but also rising heterogeneity in the banking system, with large and profitable cross-country groups competing with often weaker country-based (and sometime government-owned) banks. Nonbank financial institutions are developing quickly, notably insurance companies, but remain overall small. This paper presents a detailed analysis of the banking system.

Author : Mr.Montfort Mlachila,Ahmat Jidoud,Ms.Monique Newiak,Bozena Radzewicz-Bak,Ms.Misa Takebe
Publisher : International Monetary Fund
Page : 79 pages
File Size : 50,5 Mb
Release : 2016-09-14
Category : Business & Economics
ISBN : 9781475532401

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Financial Development in Sub-Saharan Africa by Mr.Montfort Mlachila,Ahmat Jidoud,Ms.Monique Newiak,Bozena Radzewicz-Bak,Ms.Misa Takebe Pdf

This paper discusses how sub-Saharan Africa’s financial sector developed in the past few decades, compared with other regions. Sub-Saharan African countries have made substantial progress in financial development over the past decade, but there is still considerable scope for further development, especially compared with other regions. Indeed, until a decade or so ago, the level of financial development in a large number of sub-Saharan African countries had actually regressed relative to the early 1980s. With the exception of the region’s middle-income countries, both financial market depth and institutional development are lower than in other developing regions. The region has led the world in innovative financial services based on mobile telephony, but there remains scope to increase financial inclusion further. The development of mobile telephone-based systems has helped to incorporate a large share of the population into the financial system, especially in East Africa. Pan-African banks have been a driver for homegrown financial development, but they also bring a number of challenges.

Author : Marc Quintyn,Genevieve Verdier
Publisher : INTERNATIONAL MONETARY FUND
Page : 352 pages
File Size : 48,5 Mb
Release : 2010-01-14
Category : Business & Economics
ISBN : STANFORD:36105215298733

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African Finance in the 21st Century by Marc Quintyn,Genevieve Verdier Pdf

Financial sector development in sub-Saharan Africa continues to lag behind the rest of the world, despite some recent positive achievements. There is a growing consensus that financial development fosters economic growth, so why has more not been done to spur financial advancement in Africa? This book is one of the few that tackles the debate of financial development in Africa head on. It stems from the proceedings of a high-level conference organized by the IMF Institute with contributions by experts from official agencies in Africa, international financial institutions, the private sector, and academia. The book begins by presenting the reader with compelling theoretical perspectives on the determinants of financial growth, empirical analyses of the impediments to financial growth and overviews of developments in individual sectors. It discusses policy issues related to financial sector stability, regulation and supervision. The final part investigates how specific measures can create room for financial growth, even when the broader institutional framework remains weak. Case studies demonstrate how individual countries have tried to stimulate financial development, or how specific measures, such as the establishment of credit reporting systems, can generate a positive impact on financial growth. Everyone interested or involved in deepening finance in Africa will find information and inspiration in this insightfull collection of papers.

Author : Mthuli Ncube
Publisher : Unknown
Page : 39 pages
File Size : 48,6 Mb
Release : 2006
Category : Financial institutions
ISBN : OCLC:213457859

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Financial Systems and Monetary Policy in Africa by Mthuli Ncube Pdf

This paper examines the role of the financial system in the operation and evolution of monetary policy. The financial system is comprised of the banking system, non-bank financial institutions and the capital markets. The role of the central bank is two-fold, that of price stability, and stability of the payment system. We look at the evolution of monetary policy in Africa over the last forty years, through five stages namely, Currency Board, Rationing Regime, Discretionary Regime, Credit Ceiling regime, and Market Clearing Regime. The paper shows how the financial system is important for the effective conduct of monetary policy. The paper discusses the objectives of financial sector reforms in Africa namely, to reduce financial sector repression by liberalizing interest rates; to institute transition from direct to indirect monetary policy; to restructure the balance sheets of banks and restore their solvency; and to develop financial markets. We then present the state of the financial sector in most African countries before and after the financial sector reforms--Publisher's website.

Author : Erin E. Jucker-Fleetwood
Publisher : London : G. Allen & Unwin
Page : 344 pages
File Size : 41,9 Mb
Release : 1964
Category : Banks and banking
ISBN : CORNELL:31924013775675

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Money and Finance in Africa by Erin E. Jucker-Fleetwood Pdf