Arbeitspapier
African Financial Development Dynamics: Big Time Convergence
Purpose - Assessment of African financial development dynamic convergences in money, credit, efficiency and size. Design/Methodology - The empirical evidence is premised on 11 homogenous panels based on regions (Sub-Saharan and North Africa), income-levels (low, middle, lower-middle and upper-middle), legal-origins (English common-law and French civil-law) and religious dominations (Christianity and Islam). We examine convergence in financial intermediary dynamics of depth, efficiency, activity and size. Findings - Findings suggest that countries with small-sized financial intermediary depth, efficiency, activity and size are catching-up countries with large-sized financial intermediary depth, efficiency, activity and size respectively. We also provide the speeds of convergence and time necessary to achieve a full (100%) convergence. Practical implications - The presence of strong links among African banking sectors may present little opportunity for portfolio diversification. The convergence patterns show positive steps towards regional integration. As a policy implication, African governments should not relent in structural and institutional reforms. Originality/value - It is the first critical assessment of convergence in financial intermediary development dynamics in the African continent.
- Sprache
-
Englisch
- Erschienen in
-
Series: AGDI Working Paper ; No. WP/12/003
- Klassifikation
-
Wirtschaft
Economic Integration
Financial Aspects of Economic Integration
International Policy Coordination and Transmission
Economywide Country Studies: Africa
Comparative Studies of Particular Economies
- Thema
-
Convergence
Policy Coordination
Banking
Africa
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Asongu, Simplice A.
- Ereignis
-
Veröffentlichung
- (wer)
-
African Governance and Development Institute (AGDI)
- (wo)
-
Yaoundé
- (wann)
-
2012
- Handle
- Letzte Aktualisierung
-
20.09.2024, 08:24 MESZ
Datenpartner
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Asongu, Simplice A.
- African Governance and Development Institute (AGDI)
Entstanden
- 2012
Ähnliche Objekte (12)
African Stock Market Performance Dynamics: A Multidimensional Convergence Assessment
African Development: Beyond Income Convergence
Are Proposed African Monetary Unions Optimal Currency Areas? Real and Monetary Policy Convergence Analysis
Are Proposed African Monetary Unions Optimal Currency Areas? Real, Monetary and Fiscal Policy Convergence Analysis
Growth and Institutions in African Development
Democracy and Stock Market Performance in African Countries
Real and Monetary Policy Convergence: EMU Crisis to the CFA Zone
The impact of mobile phone penetration on African inequality
Knowledge Economy and Financial Sector Competition in African Countries
Fighting African Capital Flight: Empirics on Benchmarking Policy Harmonization
Government Quality Determinants of Stock Market Performance in African Countries
A Short-run Schumpeterian Trip to Embryonic African Monetary Zones
African Stock Market Performance Dynamics: A Multidimensional Convergence Assessment
African Development: Beyond Income Convergence
Are Proposed African Monetary Unions Optimal Currency Areas? Real and Monetary Policy Convergence Analysis
Are Proposed African Monetary Unions Optimal Currency Areas? Real, Monetary and Fiscal Policy Convergence Analysis
Growth and Institutions in African Development
Democracy and Stock Market Performance in African Countries
Real and Monetary Policy Convergence: EMU Crisis to the CFA Zone
The impact of mobile phone penetration on African inequality
Knowledge Economy and Financial Sector Competition in African Countries
Fighting African Capital Flight: Empirics on Benchmarking Policy Harmonization
Government Quality Determinants of Stock Market Performance in African Countries
A Short-run Schumpeterian Trip to Embryonic African Monetary Zones
African Stock Market Performance Dynamics: A Multidimensional Convergence Assessment
African Development: Beyond Income Convergence
Are Proposed African Monetary Unions Optimal Currency Areas? Real and Monetary Policy Convergence Analysis
Are Proposed African Monetary Unions Optimal Currency Areas? Real, Monetary and Fiscal Policy Convergence Analysis
Growth and Institutions in African Development
Democracy and Stock Market Performance in African Countries
Real and Monetary Policy Convergence: EMU Crisis to the CFA Zone
The impact of mobile phone penetration on African inequality
Knowledge Economy and Financial Sector Competition in African Countries
Fighting African Capital Flight: Empirics on Benchmarking Policy Harmonization
Government Quality Determinants of Stock Market Performance in African Countries