000			01784nam a22002417a 4500
003			ZW-GwMSU
005			20240315074624.0
008			240315b |||||||| |||| 00| 0 eng d
040			_aMSU _bEnglish _cMSU _erda
050			_aHC800 JOU
100	1		_aNcube, Mthuli _eauthor
245	1	0	_aFinancial services and economic development in Africa _cby Mthuli Ncube
264	1		_aOxford : _bOxford University Press, _c2007
336			_2rdacontent _atext _btxt
337			_2rdamedia _aunmediated _bn
338			_2rdacarrier _avolume _bnc
440			_vVolume 16, number 1
520			_aThis paper reviews the various ways in which the financial sector could impact on economic growth and development and in the process makes reference to some theoretical underpinnings. We present the structure and characteristics of financial systems in Africa. The main characteristics of financial systems in Africa that may affect economic development include weak regulation environment, weak legal systems, bankdominated financial systems, wide interest rate spreads, poor corporate governance practices, inadequate design of deposit-safety nets, oligopolistic banking sector, absence of financial innovation, inefficient payment and clearing systems, small and shallow stock markets, market fragmentation and informal financial channels and generally low levels of financial deepening. These characteristics influence the impact of financial services on economic growth and development. Policy-makers are challenged to enact policies that mitigate against the distortionary effects of these characteristics in order to promote economic growth and development
650			_aFinancial services _zAfrica
650			_aEconomic development _zAfrica
856			_u1093/jae/ejm025
942			_2lcc _cJA
999			_c164362 _d164362