LEADER 05144oam 22011414 450 001 9910788222803321 005 20230721045735.0 010 $a1-4623-1943-2 010 $a1-4518-7404-9 010 $a9786612844522 010 $a1-4527-0767-7 010 $a1-282-84452-0 035 $a(CKB)3170000000055390 035 $a(EBL)1605981 035 $a(SSID)ssj0001478028 035 $a(PQKBManifestationID)11928384 035 $a(PQKBTitleCode)TC0001478028 035 $a(PQKBWorkID)11462682 035 $a(PQKB)10529781 035 $a(OCoLC)680613516 035 $a(MiAaPQ)EBC1605981 035 $a(IMF)WPIEE2009258 035 $a(EXLCZ)993170000000055390 100 $a20020129d2009 uf 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 10$aInstitutional Factors and Financial Sector Development : $eEvidence from Sub-Saharan Africa /$fHovhannes Toroyan, George Anayiotos 210 1$aWashington, D.C. :$cInternational Monetary Fund,$d2009. 215 $a1 online resource (42 p.) 225 1 $aIMF Working Papers 300 $aDescription based upon print version of record. 311 $a1-4519-1819-4 320 $aIncludes bibliographical references. 327 $aCover 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 330 3 $aThe paper assesses the effects of certain institutional factors on financial sector development in Sub- Saharan Africa (SSA). Data Envelopment Analysis (DEA) is applied to determine the extent to which these institutions affect the financial sector, and to suggest which institutions play a more critical role in each country. Results suggest that institutional factors affect financial depth and access to financial services more than asset quality and profitability (measured by nonperforming loans (NPL) and return on equity (ROE). The results also suggest that depth of credit information has the strongest influence on the NPL ratio, and political stability affects access the most. Based on model findings, policy implications on prioritizing institutional reforms to enhance financial sector development are suggested for individual countries and for country groups. 410 0$aIMF Working Papers; Working Paper ;$vNo. 2009/258 606 $aFinance$zAfrica, Sub-Saharan 606 $aEconomics$zAfrica, Sub-Saharan 606 $aFinance: General$2imf 606 $aMoney and Monetary Policy$2imf 606 $aPublic Finance$2imf 606 $aIndustries: Financial Services$2imf 606 $aFinancial Markets and the Macroeconomy$2imf 606 $aFinancial Institutions and Services: General$2imf 606 $aBanks$2imf 606 $aDepository Institutions$2imf 606 $aMicro Finance Institutions$2imf 606 $aMortgages$2imf 606 $aTaxation, Subsidies, and Revenue: General$2imf 606 $aMonetary Policy, Central Banking, and the Supply of Money and Credit: General$2imf 606 $aFinance$2imf 606 $aPublic finance & taxation$2imf 606 $aMonetary economics$2imf 606 $aFinancial sector development$2imf 606 $aFinancial sector$2imf 606 $aNonperforming loans$2imf 606 $aLegal support in revenue administration$2imf 606 $aCredit$2imf 606 $aFinancial services industry$2imf 606 $aLoans$2imf 606 $aRevenue$2imf 607 $aCongo, Republic of$2imf 615 0$aFinance 615 0$aEconomics 615 7$aFinance: General 615 7$aMoney and Monetary Policy 615 7$aPublic Finance 615 7$aIndustries: Financial Services 615 7$aFinancial Markets and the Macroeconomy 615 7$aFinancial Institutions and Services: General 615 7$aBanks 615 7$aDepository Institutions 615 7$aMicro Finance Institutions 615 7$aMortgages 615 7$aTaxation, Subsidies, and Revenue: General 615 7$aMonetary Policy, Central Banking, and the Supply of Money and Credit: General 615 7$aFinance 615 7$aPublic finance & taxation 615 7$aMonetary economics 615 7$aFinancial sector development 615 7$aFinancial sector 615 7$aNonperforming loans 615 7$aLegal support in revenue administration 615 7$aCredit 615 7$aFinancial services industry 615 7$aLoans 615 7$aRevenue 700 $aToroyan$b Hovhannes$01509569 701 $aAnayiotos$b George$01509570 712 02$aInternational Monetary Fund. 801 0$bDcWaIMF 906 $aBOOK 912 $a9910788222803321 996 $aInstitutional Factors and Financial Sector Development$93741532 997 $aUNINA