05144oam 22011414 450 991078822280332120230721045735.01-4623-1943-21-4518-7404-997866128445221-4527-0767-71-282-84452-0(CKB)3170000000055390(EBL)1605981(SSID)ssj0001478028(PQKBManifestationID)11928384(PQKBTitleCode)TC0001478028(PQKBWorkID)11462682(PQKB)10529781(OCoLC)680613516(MiAaPQ)EBC1605981(IMF)WPIEE2009258(EXLCZ)99317000000005539020020129d2009 uf 0engur|n|---|||||txtccrInstitutional Factors and Financial Sector Development : Evidence from Sub-Saharan Africa /Hovhannes Toroyan, George AnayiotosWashington, D.C. :International Monetary Fund,2009.1 online resource (42 p.)IMF Working PapersDescription based upon print version of record.1-4519-1819-4 Includes bibliographical references.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; FootnotesThe 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.IMF Working Papers; Working Paper ;No. 2009/258FinanceAfrica, Sub-SaharanEconomicsAfrica, Sub-SaharanFinance: GeneralimfMoney and Monetary PolicyimfPublic FinanceimfIndustries: Financial ServicesimfFinancial Markets and the MacroeconomyimfFinancial Institutions and Services: GeneralimfBanksimfDepository InstitutionsimfMicro Finance InstitutionsimfMortgagesimfTaxation, Subsidies, and Revenue: GeneralimfMonetary Policy, Central Banking, and the Supply of Money and Credit: GeneralimfFinanceimfPublic finance & taxationimfMonetary economicsimfFinancial sector developmentimfFinancial sectorimfNonperforming loansimfLegal support in revenue administrationimfCreditimfFinancial services industryimfLoansimfRevenueimfCongo, Republic ofimfFinanceEconomicsFinance: GeneralMoney and Monetary PolicyPublic FinanceIndustries: Financial ServicesFinancial Markets and the MacroeconomyFinancial Institutions and Services: GeneralBanksDepository InstitutionsMicro Finance InstitutionsMortgagesTaxation, Subsidies, and Revenue: GeneralMonetary Policy, Central Banking, and the Supply of Money and Credit: GeneralFinancePublic finance & taxationMonetary economicsFinancial sector developmentFinancial sectorNonperforming loansLegal support in revenue administrationCreditFinancial services industryLoansRevenueToroyan Hovhannes1509569Anayiotos George1509570International Monetary Fund.DcWaIMFBOOK9910788222803321Institutional Factors and Financial Sector Development3741532UNINA