04806oam 22011174 450 991078833460332120230721045651.01-4623-5476-91-4527-0365-51-4518-7260-797866128432801-282-84328-1(CKB)3170000000055268(EBL)1608300(SSID)ssj0000940802(PQKBManifestationID)11502822(PQKBTitleCode)TC0000940802(PQKBWorkID)10955829(PQKB)10698910(OCoLC)645515702(MiAaPQ)EBC1608300(IMF)WPIEE2009113(EXLCZ)99317000000005526820020129d2009 uf 0engtxtccrFinancial Deepening in the CFA Franc Zone : The Role of Institutions /Dhaneshwar Ghura, Kangni Kpodar, Raju SinghWashington, D.C. :International Monetary Fund,2009.1 online resource (19 p.)IMF Working PapersDescription based upon print version of record.1-4519-1690-6 Includes bibliographical references.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; ReferencesDuring 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.IMF Working Papers; Working Paper ;No. 2009/113FinanceAfrica, Sub-SaharanFinance: GeneralimfMoney and Monetary PolicyimfPublic FinanceimfIndustries: Financial ServicesimfFinancial Markets and the MacroeconomyimfTaxation, Subsidies, and Revenue: GeneralimfMonetary Policy, Central Banking, and the Supply of Money and Credit: GeneralimfFinancial Institutions and Services: GeneralimfBanksimfDepository InstitutionsimfMicro Finance InstitutionsimfMortgagesimfFinanceimfPublic finance & taxationimfMonetary economicsimfFinancial sector developmentimfLegal support in revenue administrationimfCreditimfFinancial sectorimfCredit registryimfFinancial services industryimfRevenueimfCredit ratingsimfAfrica, French-speakingEconomic policyCentral African RepublicimfFinanceFinance: GeneralMoney and Monetary PolicyPublic FinanceIndustries: Financial ServicesFinancial Markets and the MacroeconomyTaxation, Subsidies, and Revenue: GeneralMonetary Policy, Central Banking, and the Supply of Money and Credit: GeneralFinancial Institutions and Services: GeneralBanksDepository InstitutionsMicro Finance InstitutionsMortgagesFinancePublic finance & taxationMonetary economicsFinancial sector developmentLegal support in revenue administrationCreditFinancial sectorCredit registryFinancial services industryRevenueCredit ratingsGhura Dhaneshwar1472683Kpodar Kangni1193209Singh Raju1472684DcWaIMFBOOK9910788334603321Financial Deepening in the CFA Franc Zone3685551UNINA