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Record Nr. |
UNINA9910788334603321 |
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Autore |
Ghura Dhaneshwar |
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Titolo |
Financial Deepening in the CFA Franc Zone : : The Role of Institutions / / Dhaneshwar Ghura, Kangni Kpodar, Raju Singh |
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Pubbl/distr/stampa |
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Washington, D.C. : , : International Monetary Fund, , 2009 |
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ISBN |
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1-4623-5476-9 |
1-4527-0365-5 |
1-4518-7260-7 |
9786612843280 |
1-282-84328-1 |
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Descrizione fisica |
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1 online resource (19 p.) |
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Collana |
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Altri autori (Persone) |
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Soggetti |
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Finance - Africa, Sub-Saharan |
Finance: General |
Money and Monetary Policy |
Public Finance |
Industries: Financial Services |
Financial Markets and the Macroeconomy |
Taxation, Subsidies, and Revenue: General |
Monetary Policy, Central Banking, and the Supply of Money and Credit: General |
Financial Institutions and Services: General |
Banks |
Depository Institutions |
Micro Finance Institutions |
Mortgages |
Finance |
Public finance & taxation |
Monetary economics |
Financial sector development |
Legal support in revenue administration |
Credit |
Financial sector |
Credit registry |
Financial services industry |
Revenue |
Credit ratings |
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Africa, French-speaking Economic policy |
Central African Republic |
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Lingua di pubblicazione |
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Formato |
Materiale a stampa |
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Livello bibliografico |
Monografia |
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Note generali |
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Description based upon print version of record. |
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Nota di bibliografia |
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Includes bibliographical references. |
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Nota di contenuto |
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Contents; I. Introduction; II. Recent Developments; III. Theoretical Background and Review of the Literature; IV. Empirical Analysis; A. Data; B. Methodology and Main Results; V. Summary and Conclusions; References |
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Sommario/riassunto |
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During the 1980s and early 1990s many Sub-Saharan African (SSA) countries undertook reforms to promote financial sector deepening. Nevertheless, financial sectors in SSA countries remain among the shallowest in the world and, within Sub-Saharan Africa, financial depth in the CFA franc zone is even more limited. This paper sets out to investigate empirically factors that may explain why financial depth in the CFA franc zone is shallower than in the rest of SSA using panel data for a sample of 40 countries for 1992-2006. The results indicate that the gap in financial development between the CFA franc zone countries and the rest of SSA can be explained by differences in institutional quality (e.g., availability of credit information, and strength and enforcement of property rights), variables that policy makers can influence. |
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