LEADER 04103nam 2200601Ia 450 001 9910812138303321 005 20200520144314.0 010 $a1-4623-3358-3 010 $a1-282-84236-6 010 $a9786612842368 010 $a1-4518-7161-9 010 $a1-4519-8424-3 035 $a(CKB)3170000000055182 035 $a(SSID)ssj0000940062 035 $a(PQKBManifestationID)11571940 035 $a(PQKBTitleCode)TC0000940062 035 $a(PQKBWorkID)10947347 035 $a(PQKB)10445148 035 $a(OCoLC)436305761 035 $a(MiAaPQ)EBC1605878 035 $a(IMF)WPIEE2009014 035 $a(EXLCZ)993170000000055182 100 $a20100902d2009 uf 0 101 0 $aeng 135 $aurcn||||||||| 181 $ctxt 182 $cc 183 $acr 200 10$aBank efficiency in Sub-Saharan African middle-income countries /$fChuling, Chen 205 $a1st ed. 210 $a[Washington, D.C.] $cInternational Monetary Fund$d2009 215 $a32 p. $cill 225 1 $aIMF working paper ;$vWP/09/14 300 $aBibliographic Level Mode of Issuance: Monograph 311 $a1-4519-1597-7 320 $aIncludes bibliographical references. 327 $aIntro -- Contents -- I. Introduction -- II. Literature Review -- III. Overview of the Banking Sectors -- IV. Efficiency Analysis -- A. Methodology -- B. Data and Results -- V. Determining Efficiency Factors -- A. Bank-Specific Factors -- B. Macroeconomic Conditions -- C. Market Structure -- D. Legal Framework -- E. Political Environment -- F. Robustness Checks -- VI. Conclusion -- Figures -- Figure 1. Sub-Saharan African Middle-Income Countries' Financial Development -- Indicators, 2000-7 -- Figure 2. Banking Sector Concentration: Middle-Income Countries, 2000-06 -- Figure 3. Foreign Ownership: Selected Sub-Saharan African Middle-Income Countries -- Figure 4. Efficiency Estimates by Country -- Figure 5. Efficiency Estimates by Bank Ownership -- Tables -- Table 1. Summary Statistics of Major Variables Used in Cost Efficiency Estimates -- Table 2. Correlation Between Major Variables in Cost Efficiency Estimates -- Table 3. Cost Efficiency Estimation -- Table 4. Efficiency Estimates -- Table 5. H-statistics for Sub-Saharan African Middle-Income Countries -- Table 6. Correlation Between Cost Efficiency and Determinants -- Table 7. Second Stage Regression -- Table 8. Second Stage Regression-Legal Framework and Political Environment -- Table 9. Second Stage Regression (South Africa excluded) -- Table 10. Second Stage Regression-Legal Framework and Political Environment (South Africa excluded) -- Table 11. Second Stage Regression-Macroeconomic Conditions and Financial Depth -- References. 330 3 $aWe use bank level data to study the efficiency of banks in Sub-Saharan African middle-income countries and provide possible explanations for the difference in the efficiency levels of banks. We find that banks, on average, could save 20-30 percent of their total costs if they were operating efficiently, and that foreign banks are more efficient than public banks and domestic private banks. Among the factors that could affect the efficiency levels are macroeconomic stability, depth of financial development, the degree of market competition, strong legal rights and contract laws, and better governance, including political stability and government effectiveness. Our findings point to the importance of policies that aim to build stronger institutions, promote more competition, and improve governance. 410 0$aIMF working paper ;$vWP/09/14. 606 $aBanks and banking$zAfrica, Sub-Saharan 606 $aEconomic development$zAfrica, Sub-Saharan 615 0$aBanks and banking 615 0$aEconomic development 676 $a332.1 700 $aChen$b Chuling$f1973-$01761473 712 02$aInternational Monetary Fund. 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910812138303321 996 $aBank efficiency in Sub-Saharan African middle-income countries$94200934 997 $aUNINA