IDEAS home Printed from https://ideas.repec.org/a/oup/jafrec/v12y2003isupp2p53-88.html

Financial Liberalisation: The African Experience

Author

Listed:
  • Carmen M. Reinhart
  • Ioannis Tokatlidis

Abstract

Almost a decade after their initiation, financial reforms appear to have had little effect on the economies of Sub-Saharan Africa. Whether the blame falls on their initial design or on the partial nature of their implementation, liberalisation has not mobilised savings, deepened intermediation or raised investment. Yet Africa needs functioning financial markets for a more efficient allocation of resources and growth. How can African governments 'correct' their approach towards financial reform? A first step towards refining future policy choices requires an assessment of the short African experience with financial reforms. How has progress in institutional and policy reform affected financial deepening? How have gains in financial depth, if any, affected saving, consumption and investment? How does the African experience compare with that of other developing countries? These are some of the key issues we address in this paper. Copyright 2003, Oxford University Press.

Suggested Citation

  • Carmen M. Reinhart & Ioannis Tokatlidis, 2003. "Financial Liberalisation: The African Experience," Journal of African Economies, Centre for the Study of African Economies, vol. 12(Supplemen), pages 53-88, September.
    • Handle: RePEc:oup:jafrec:v:12:y:2003:i:supp2:p:53-88
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a
    for a similarly titled item that would be available.

    Other versions of this item:

    More about this item

    JEL classification:

    • F4 - International Economics - - Macroeconomic Aspects of International Trade and Finance
    • F3 - International Economics - - International Finance
    • E5 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:oup:jafrec:v:12:y:2003:i:supp2:p:53-88. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Oxford University Press (email available below). General contact details of provider: https://edirc.repec.org/data/csaoxuk.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.