Hidden Bibliographic Details
| Other authors / contributors: | Toroyan, Hovhannes, author.
International Monetary Fund. Monetary and Capital Markets Department.
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| ISBN: | 1462319432
9781462319435
1451874049
9781451874044
9786612844522
6612844523
1452707677
9781452707679
1282844520
9781282844520
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| Notes: | Includes bibliographical references (pages 15-19).
English.
Print version record.
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| Summary: | The paper assesses the effects of certain institutional factors on financial sector development in Sub- Saharan Africa (SSA). Data Envelopment Analysis (DEA) is applied to determine the extent to which these institutions affect the financial sector, and to suggest which institutions play a more critical role in each country. Results suggest that institutional factors affect financial depth and access to financial services more than asset quality and profitability (measured by nonperforming loans (NPL) and return on equity (ROE). The results also suggest that depth of credit information has the strongest influence on the NPL ratio, and political stability affects access the most. Based on model findings, policy implications on prioritizing institutional reforms to enhance financial sector development are suggested for individual countries and for country groups.
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| Other form: | Print version: Anayiotos, George C. Institutional factors and financial sector development. [Washington, DC] : International Monetary Fund (IMF), ©2009
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