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Financial systems in new middle-income African economies: The opportunities and the risks

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  • Alan R. Roe

Abstract

This paper examines the possible implications for the financial systems of low-income African economies and in particular Tanzania of their stated aspiration to achieve middle-income status. In doing so it finds little evidence that the mere increase of gross domestic product per capita will lead necessarily to financial systems that are larger, deeper, or more inclusive. The paper examines both theoretical and econometric evidence to pin down this central conclusion.

Suggested Citation

  • Alan R. Roe, 2016. "Financial systems in new middle-income African economies: The opportunities and the risks," WIDER Working Paper Series wp-2016-89, World Institute for Development Economic Research (UNU-WIDER).
    • Handle: RePEc:unu:wpaper:wp-2016-89
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    File URL: https://www.wider.unu.edu/sites/default/files/wp2016-89.pdf
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    References listed on IDEAS

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