LEADER 03208nam 2200625Ia 450 001 9910826146603321 005 20200520144314.0 010 $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(IMF)WPIEE2009258 035 $a(MiAaPQ)EBC1605981 035 $a(EXLCZ)993170000000055390 100 $a20100902d2009 uf 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 10$aInstitutional factors and financial sector development $eevidence from Sub-Saharan Africa /$fGeorge C. Anayiotos and Hovhannes Toroyan 205 $a1st ed. 210 $a[Washington, D.C.] $cInternational Monetary Fund$d2009 215 $a1 online resource (42 p.) 225 1 $aIMF working paper ;$vWP/09/258 300 $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 paper ;$vWP/09/258. 606 $aFinance$zAfrica, Sub-Saharan 606 $aEconomics$zAfrica, Sub-Saharan 615 0$aFinance 615 0$aEconomics 676 $a338.126924 700 $aAnayiotos$b George C$01750831 701 $aToroyan$b Hovhannes$01656757 712 02$aInternational Monetary Fund. 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910826146603321 996 $aInstitutional factors and financial sector development$94185511 997 $aUNINA