LEADER 02896nam 2200613Ia 450 001 9910828974103321 005 20200520144314.0 010 $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(IMF)WPIEE2009113 035 $a(MiAaPQ)EBC1608300 035 $a(EXLCZ)993170000000055268 100 $a20041202d2009 uf 0 101 0 $aeng 135 $aurcnu|||||||| 181 $ctxt 182 $cc 183 $acr 200 10$aFinancial deepening in the CFA Franc zone $ethe role of institutions /$fprepared by Raju Jan Singh, Kangni Kpodar, and Dhaneshwar Ghura 205 $a1st ed. 210 $a[Washington D.C.] $cInternational Monetary Fund$d2009 215 $a1 online resource (19 p.) 225 1 $aIMF working paper ;$vWP/09/113 300 $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 paper ;$vWP/09/113. 606 $aFinance$zAfrica, Sub-Saharan 607 $aAfrica, French-speaking$xEconomic policy 615 0$aFinance 676 $a332.152 700 $aSingh$b Raju Jan$01762091 701 $aKpodar$b Kangni$01193209 701 $aGhura$b Dhaneshwar$01644488 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910828974103321 996 $aFinancial deepening in the CFA Franc zone$94201804 997 $aUNINA