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The Case for Financial Sector Liberalization in Ethiopia

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Author Info
Kozo Kiyota (Yokohama National University and University of Michigan, Ann Arbor)
Barbara Peitsch (University of Michigan, Dearborn)
Robert M. Stern (University of Michigan, Ann Arbor)

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Abstract

This paper focuses on issues of financial sector liberalization in Ethiopia, with reference in particular to the Ethiopian banking sector. We identify two factors that may constrain Ethiopia’s financial development. One is the closed nature of the Ethiopian financial sector in which there are no foreign banks, a non-competitive market structure, and strong capital controls in place. The other is the dominant role of state-owned banks. Our observations suggest that the Ethiopian economy would benefit from financial sector liberalization, especially from the entry of foreign banks and the associated privatization of state-owned banks.

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File URL: http://www.fordschool.umich.edu/rsie/workingpapers/Papers551-575/r565.pdf
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Publisher Info
Paper provided by Research Seminar in International Economics, University of Michigan in its series Working Papers with number 565.

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Length: 34 pages
Date of creation: 2007
Date of revision:
Handle: RePEc:mie:wpaper:565

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Related research
Keywords: foreign banks; state-owned banks; financial sector liberalization; Africa; Ethiopia;

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Find related papers by JEL classification:
G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Mortgages
G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Capital and Ownership Structure
L33 - Industrial Organization - - Nonprofit Organizations and Public Enterprise - - - Boundaries of Public and Private Enterprise; Privatization; Contracting Out
O55 - Economic Development, Technological Change, and Growth - - Economywide Country Studies - - - Africa

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  4. Rafael La Porta & Florencio Lopez-De-Silanes & Andrei Shleifer, 2002. "Government Ownership of Banks," Journal of Finance, American Finance Association, vol. 57(1), pages 265-301, 02. [Downloadable!] (restricted)
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  5. Thorsten Beck & Asli Demirgüç-Kunt & Vojislav Maksimovic, 2004. "Bank competition and access to finance: international evidence," Proceedings, Federal Reserve Bank of Cleveland, pages 627-654.
    Other versions:
  6. Fiona Moore, 2005. "Local Players in Global Games: The Strategic Constitution of a Multinational Corporation," Journal of International Business Studies, Palgrave Macmillan Journals, vol. 36(6), pages 719-721, November. [Downloadable!] (restricted)
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  8. Beck, Thorsten & Cull, Robert & Jerome, Afeikhena, 2005. "Bank privatization and performance: Empirical evidence from Nigeria," Journal of Banking & Finance, Elsevier, vol. 29(8-9), pages 2355-2379, August. [Downloadable!] (restricted)
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  9. Linda S. Goldberg, 2007. "Financial sector FDI and host countries: new and old lessons," Economic Policy Review, Federal Reserve Bank of New York, issue Mar, pages 1-17. [Downloadable!]
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  10. Claessens, Stijn & Demirguc-Kunt, Asl[iota] & Huizinga, Harry, 2001. "How does foreign entry affect domestic banking markets?," Journal of Banking & Finance, Elsevier, vol. 25(5), pages 891-911, May. [Downloadable!] (restricted)
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  12. Bonin, John P. & Hasan, Iftekhar & Wachtel, Paul, 2005. "Privatization matters: Bank efficiency in transition countries," Journal of Banking & Finance, Elsevier, vol. 29(8-9), pages 2155-2178, August. [Downloadable!] (restricted)
    Other versions:
  13. Joe Crowley, 2007. "Interest Rate Spreads in English-Speaking African Countries," IMF Working Papers 07/101, International Monetary Fund. [Downloadable!]
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