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Financial Sector Development in Sub-Saharan African Countries

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Author Info

  • Jean-Pierre Briffaut
  • George Iden
  • Peter C. Hayward
  • Tonny Lybek
  • Hassanali Mehran
  • Piero Ugolini
  • Stephen Swaray
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    Abstract

    This study takes stock of progress made so far in the financial sectors of sub-saharan African countries. It recommends further reforms and specific measures in the areas of supervision, development of monetary operations and financial markets, external sector liberalization, central bank autonomy and accountability, payments system, and central bank accounting and auditing.

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    File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=2781
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    Bibliographic Info

    Paper provided by International Monetary Fund in its series IMF Occasional Papers with number 169.

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    Length: 115
    Date of creation: 01 Oct 1998
    Date of revision:
    Handle: RePEc:imf:imfocp:169

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    Cited by:
    1. Léonce Ndikumana, 2001. "Financial Markets and Economic Development in Africa," Working Papers wp17, Political Economy Research Institute, University of Massachusetts at Amherst.
    2. Uche, Chibuike U., 2001. "The politics of monetary sector cooperation among the Economic Community of West African States members," Policy Research Working Paper Series 2647, The World Bank.
    3. Luis Jácome & Francisco Vázquez, 2005. "Any Link Between Legal Central Bank Independence and Inflation? Evidence from Latin America and the Caribbean," Macroeconomics 0508011, EconWPA.
    4. Paul R. Masson & Xavier Debrun & Catherine A. Pattillo, 2002. "Monetary Union in West Africa," IMF Working Papers 02/226, International Monetary Fund.
    5. Donald S. Allen & Leonce Ndikumana, 1998. "Financial intermediation and economic growth in southern Africa," Working Papers 1998-004, Federal Reserve Bank of St. Louis.
    6. Jakob Christensen, 2004. "Domestic Debt Markets in Sub-Saharan Africa," IMF Working Papers 04/46, International Monetary Fund.

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