05079oam 22012374 450 991097077840332120250426110931.0978661284328097814623547641462354769978145270365714527036559781451872606145187260797812828432881282843281(CKB)3170000000055268(EBL)1608300(SSID)ssj0000940802(PQKBManifestationID)11502822(PQKBTitleCode)TC0000940802(PQKBWorkID)10955829(PQKB)10698910(OCoLC)645515702(IMF)WPIEE2009113(MiAaPQ)EBC1608300(IMF)WPIEA2009113WPIEA2009113(EXLCZ)99317000000005526820020129d2009 uf 0engurcnu||||||||txtccrFinancial Deepening in the CFA Franc Zone : The Role of Institutions /Dhaneshwar Ghura, Kangni Kpodar, Raju Singh1st ed.Washington, D.C. :International Monetary Fund,2009.1 online resource (19 p.)IMF Working PapersDescription based upon print version of record.9781451916904 1451916906 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-SaharanBanksimfCredit ratingsimfCredit registryimfCreditimfDepository InstitutionsimfFinanceimfFinance: GeneralimfFinancial Institutions and Services: GeneralimfFinancial Markets and the MacroeconomyimfFinancial sector developmentimfFinancial sectorimfFinancial services industryimfIndustries: Financial ServicesimfLegal support in revenue administrationimfMicro Finance InstitutionsimfMonetary economicsimfMonetary Policy, Central Banking, and the Supply of Money and Credit: GeneralimfMoney and Monetary PolicyimfMortgagesimfPublic finance & taxationimfPublic FinanceimfRevenueimfTaxation, Subsidies, and Revenue: GeneralimfAfrica, French-speakingEconomic policyCentral African RepublicimfFinanceBanksCredit ratingsCredit registryCreditDepository InstitutionsFinanceFinance: GeneralFinancial Institutions and Services: GeneralFinancial Markets and the MacroeconomyFinancial sector developmentFinancial sectorFinancial services industryIndustries: Financial ServicesLegal support in revenue administrationMicro Finance InstitutionsMonetary economicsMonetary Policy, Central Banking, and the Supply of Money and Credit: GeneralMoney and Monetary PolicyMortgagesPublic finance & taxationPublic FinanceRevenueTaxation, Subsidies, and Revenue: General332.152Ghura Dhaneshwar1815935Kpodar Kangni1193209Singh Raju1815936DcWaIMFBOOK9910970778403321Financial Deepening in the CFA Franc Zone4371564UNINA