LEADER 04806oam 22011174 450 001 9910788334603321 005 20230721045651.0 010 $a1-4623-5476-9 010 $a1-4527-0365-5 010 $a1-4518-7260-7 010 $a9786612843280 010 $a1-282-84328-1 035 $a(CKB)3170000000055268 035 $a(EBL)1608300 035 $a(SSID)ssj0000940802 035 $a(PQKBManifestationID)11502822 035 $a(PQKBTitleCode)TC0000940802 035 $a(PQKBWorkID)10955829 035 $a(PQKB)10698910 035 $a(OCoLC)645515702 035 $a(MiAaPQ)EBC1608300 035 $a(IMF)WPIEE2009113 035 $a(EXLCZ)993170000000055268 100 $a20020129d2009 uf 0 101 0 $aeng 181 $ctxt 182 $cc 183 $acr 200 10$aFinancial Deepening in the CFA Franc Zone : $eThe Role of Institutions /$fDhaneshwar Ghura, Kangni Kpodar, Raju Singh 210 1$aWashington, D.C. :$cInternational Monetary Fund,$d2009. 215 $a1 online resource (19 p.) 225 1 $aIMF Working Papers 300 $aDescription based upon print version of record. 311 $a1-4519-1690-6 320 $aIncludes bibliographical references. 327 $aContents; 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; References 330 3 $aDuring the 1980s and early 1990s many Sub-Saharan African (SSA) countries undertook reforms to promote financial sector deepening. Nevertheless, financial sectors in SSA countries remain among the shallowest in the world and, within Sub-Saharan Africa, financial depth in the CFA franc zone is even more limited. This paper sets out to investigate empirically factors that may explain why financial depth in the CFA franc zone is shallower than in the rest of SSA using panel data for a sample of 40 countries for 1992-2006. The results indicate that the gap in financial development between the CFA franc zone countries and the rest of SSA can be explained by differences in institutional quality (e.g., availability of credit information, and strength and enforcement of property rights), variables that policy makers can influence. 410 0$aIMF Working Papers; Working Paper ;$vNo. 2009/113 606 $aFinance$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 $aTaxation, Subsidies, and Revenue: General$2imf 606 $aMonetary Policy, Central Banking, and the Supply of Money and Credit: General$2imf 606 $aFinancial Institutions and Services: General$2imf 606 $aBanks$2imf 606 $aDepository Institutions$2imf 606 $aMicro Finance Institutions$2imf 606 $aMortgages$2imf 606 $aFinance$2imf 606 $aPublic finance & taxation$2imf 606 $aMonetary economics$2imf 606 $aFinancial sector development$2imf 606 $aLegal support in revenue administration$2imf 606 $aCredit$2imf 606 $aFinancial sector$2imf 606 $aCredit registry$2imf 606 $aFinancial services industry$2imf 606 $aRevenue$2imf 606 $aCredit ratings$2imf 607 $aAfrica, French-speaking$xEconomic policy 607 $aCentral African Republic$2imf 615 0$aFinance 615 7$aFinance: General 615 7$aMoney and Monetary Policy 615 7$aPublic Finance 615 7$aIndustries: Financial Services 615 7$aFinancial Markets and the Macroeconomy 615 7$aTaxation, Subsidies, and Revenue: General 615 7$aMonetary Policy, Central Banking, and the Supply of Money and Credit: General 615 7$aFinancial Institutions and Services: General 615 7$aBanks 615 7$aDepository Institutions 615 7$aMicro Finance Institutions 615 7$aMortgages 615 7$aFinance 615 7$aPublic finance & taxation 615 7$aMonetary economics 615 7$aFinancial sector development 615 7$aLegal support in revenue administration 615 7$aCredit 615 7$aFinancial sector 615 7$aCredit registry 615 7$aFinancial services industry 615 7$aRevenue 615 7$aCredit ratings 700 $aGhura$b Dhaneshwar$01472683 701 $aKpodar$b Kangni$01193209 701 $aSingh$b Raju$01472684 801 0$bDcWaIMF 906 $aBOOK 912 $a9910788334603321 996 $aFinancial Deepening in the CFA Franc Zone$93685551 997 $aUNINA