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Rendemic uncertainties in developing countries: Issues arising from an increased interdependence between banks and the state

Author

Listed:
  • Sylvain Bellefontaine
  • Cécile DUQUESNAY
  • Marion Hémar
  • Benoît Jonveaux
  • Emmanuelle Mansart Monat
  • Meghann Puloc’h
  • Maxime TERRIEUX
  • Alix Vigato
  • Maëlan Le Goff
  • Luciana Torrellio
  • Cécile Valadier

Abstract

An increased recourse to financing from the domestic banking sector has proved to be an important source of resilience for many developing countries in their efforts to face expenditures generated by the Covid-19 crisis. The second issue of MacroDev Semestrial Panorama offers an analysis of the consequences of an increase in sovereign indebtedness to the local financial sector and of the risks associated with this closer interconnection between states, central banks and commercial banks. Ten brief country surveys complement the issue and, through a summary of the main economic and financial challenges faced by these countries, illustrate the stakes of financing in developing economies.

Suggested Citation

  • Sylvain Bellefontaine & Cécile DUQUESNAY & Marion Hémar & Benoît Jonveaux & Emmanuelle Mansart Monat & Meghann Puloc’h & Maxime TERRIEUX & Alix Vigato & Maëlan Le Goff & Luciana Torrellio & Cécile Val, 2022. "Rendemic uncertainties in developing countries: Issues arising from an increased interdependence between banks and the state," Working Paper 70958c94-9898-4267-93b6-9, Agence française de développement.
    • Handle: RePEc:avg:wpaper:en13584
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    File URL: https://www.afd.fr/sites/afd/files/2022-02-03-35-44/AFD-MacroDev37%20-%20semestriel-UK-WEB.pdf
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    More about this item

    Keywords

    Cameroun; Éthiopie; Ghana; Kenya; Togo; Brésil; Costa Rica; Indonésie; Liban; République dominicaine;
    All these keywords.

    JEL classification:

    • E - Macroeconomics and Monetary Economics

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