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Record Nr. |
UNINA9910826146603321 |
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Autore |
Toroyan Hovhannes |
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Titolo |
Institutional Factors and Financial Sector Development : : Evidence from Sub-Saharan Africa / / Hovhannes Toroyan, George Anayiotos |
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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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1-4623-1943-2 |
1-4518-7404-9 |
9786612844522 |
1-4527-0767-7 |
1-282-84452-0 |
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Edizione |
[1st ed.] |
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Descrizione fisica |
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1 online resource (42 p.) |
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Collana |
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Altri autori (Persone) |
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Disciplina |
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Soggetti |
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Finance - Africa, Sub-Saharan |
Economics - Africa, Sub-Saharan |
Banks |
Credit |
Depository Institutions |
Finance |
Finance: General |
Financial Institutions and Services: General |
Financial Markets and the Macroeconomy |
Financial sector development |
Financial sector |
Financial services industry |
Industries: Financial Services |
Legal support in revenue administration |
Loans |
Micro Finance Institutions |
Monetary economics |
Monetary Policy, Central Banking, and the Supply of Money and Credit: General |
Money and Monetary Policy |
Mortgages |
Nonperforming loans |
Public finance & taxation |
Public Finance |
Revenue |
Taxation, Subsidies, and Revenue: General |
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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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Cover Page; Title Page; Copyright Page; Contents; I. Introduction; II. Institutions and Financial Sector Development; III. Testing for the Role of Institutions in Financial Sector Development; 1. Illustration of the DEA; IV. Conclusions, Policy Implications, and Possible Extensions; I. Data Envelopment Analysis; II. Data Description; III. Data Used; IV. DEA Results: Impact of Institutions on Financial Sector Development; References; Footnotes |
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Sommario/riassunto |
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The paper assesses the effects of certain institutional factors on financial sector development in Sub- Saharan Africa (SSA). Data Envelopment Analysis (DEA) is applied to determine the extent to which these institutions affect the financial sector, and to suggest which institutions play a more critical role in each country. Results suggest that institutional factors affect financial depth and access to financial services more than asset quality and profitability (measured by nonperforming loans (NPL) and return on equity (ROE). The results also suggest that depth of credit information has the strongest influence on the NPL ratio, and political stability affects access the most. Based on model findings, policy implications on prioritizing institutional reforms to enhance financial sector development are suggested for individual countries and for country groups. |
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