IDEAS home Printed from
   My bibliography  Save this paper

Financial Liberalization, Bank Restructuring and the Implications for Non-Bank Intermediaries in the Financial Markets fo Africa: Lessons from the Gambia


  • Graham, Douglas H.
  • Nagarajan, Geetha
  • Quattara, Korotoumou


Research on structural adjustment, liberalization and privatization in sub-Saharan Africa has not focused on the consequences of these policy initiatives on the financial sector. This paper documents and discusses the consequences of these reforms on the financial sector in The Gambia. Marked changes in the market structure and portfolio composition of the bank sector severely ration loan activity, particularly in rural areas. This creates a vacuum in which non-bank intermediaries currently operate with varying degrees of moral hazard and principal agent problems. The institutional design for non-bank intermediaries necessary to ensure a viable sustained supply of financial services for a rural clientele in Africa is discussed.

Suggested Citation

  • Graham, Douglas H. & Nagarajan, Geetha & Quattara, Korotoumou, 1997. "Financial Liberalization, Bank Restructuring and the Implications for Non-Bank Intermediaries in the Financial Markets fo Africa: Lessons from the Gambia," 1997 Occasional Paper Series No. 7 198180, International Association of Agricultural Economists.
  • Handle: RePEc:ags:iaaeo7:198180
    DOI: 10.22004/ag.econ.198180

    Download full text from publisher

    File URL:
    Download Restriction: no

    References listed on IDEAS

    1. Udry, Christopher, 1990. "Credit Markets in Northern Nigeria: Credit as Insurance in a Rural Economy," World Bank Economic Review, World Bank Group, vol. 4(3), pages 251-269, September.
    2. Eswaran, Mukesh & Kotwal, Ashok, 1989. "Credit as insurance in agrarian economies," Journal of Development Economics, Elsevier, vol. 31(1), pages 37-53, July.
    Full references (including those not matched with items on IDEAS)

    More about this item


    Financial Economics; Public Economics;


    Access and download statistics


    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:ags:iaaeo7:198180. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (AgEcon Search). General contact details of provider: .

    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.

    If CitEc recognized a reference but did not link an item in RePEc to it, you can help with 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.

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

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.