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Bank Runs and Banking Policies: Lessons for African Policymakers

  • Edward J. Kane
  • Tara Rice

This paper documents and explains the near-permanent banking stress African countries have experienced during the last 20 years. The central hypothesis is that banking stress comes predominantly from unbooked losses and that the level of unbooked losses a banking system can accumulate depends on its information environment and on the effectiveness of government efforts to supervise and guarantee bank solvency. African depositors face high costs for mitigating the loss exposures that banks and regulators impose on them and African regulators have not been made accountable for these costs. We present evidence that over 1980-99 the average length of time an African banking system spent in crisis increased with the level of government corruption.

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File URL: http://www.nber.org/papers/w8003.pdf
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Paper provided by National Bureau of Economic Research, Inc in its series NBER Working Papers with number 8003.

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Date of creation: Nov 2000
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Publication status: published as Kane, Edward J. and Tara Rice. “Bank Runs and Banking Policies: Lessons for African Policymakers." Journal of African Economics, Vol. 9, AERC Supplement 2 (2000): 109-144.
Handle: RePEc:nbr:nberwo:8003
Note: CF IFM
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  1. A. Jbili, 1997. "Financial Sector Reforms in Algeria, Morocco, and Tunisia; A Preliminary Assessment," IMF Working Papers 97/81, International Monetary Fund.
  2. Asli Demirgüç-Kunt & Enrica Detragiache, 1997. "The Determinants of Banking Crises; Evidence From Developing and Developed Countries," IMF Working Papers 97/106, International Monetary Fund.
  3. repec:cup:cbooks:9780521770804 is not listed on IDEAS
  4. Krugman, Paul, 1979. "A Model of Balance-of-Payments Crises," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 11(3), pages 311-25, August.
  5. Bird, Graham & Hussain, Mumtaz & Joyce, Joseph P., 2004. "Many happy returns? Recidivism and the IMF," Journal of International Money and Finance, Elsevier, vol. 23(2), pages 231-251, March.
  6. Levine, Ross, 1996. "Financial development and economic growth : views and agenda," Policy Research Working Paper Series 1678, The World Bank.
  7. Claessens, Stijn & Demirguc-Kunt, Asli & Huizinga, Harry, 1998. "How does foreign entry affect the domestic banking market?," Policy Research Working Paper Series 1918, The World Bank.
  8. Dani Rodrik, 1998. "Trade Policy and Economic Performance in Sub-Saharan Africa," NBER Working Papers 6562, National Bureau of Economic Research, Inc.
  9. Ncube, Mthuli & Senbet, Lemma W, 1997. "Perspectives on Financial Regulation and Liberalisation in Africa under Incentive Problems and Asymmetric Information," Journal of African Economies, Centre for the Study of African Economies (CSAE), vol. 6(1), pages 29-88, March.
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