01763cas a2200253 a 4500 AALejournalIMF001005 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451852806 1018-5941 BD-DhAAL BD-DhAAL Gelbard, Enrique. Measuring Financial Development in Sub-Saharan Africa / Enrique Gelbard, Sergio Leite. Washington, D.C. : International Monetary Fund, 1999. 1 online resource (28 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This study introduces an index for measuring financial development and a set of six indices representing key characteristics of the financial systems in 38 sub-Saharan African countries. The results show that these countries have made good progress in improving and modernizing their financial systems during the last decade, particularly with regard to financial liberalization and the adoption of indirect instruments of monetary policy. In many countries, however, the range of financial products remains extremely limited, interest rate spreads are wide, capital adequacy ratios are insufficient, judicial loan recovery is a problem, and the share of nonperforming loans is large. Mode of access: Internet Leite, Sergio. IMF Working Papers; Working Paper ; No. 1999/105 Full text available on IMF http://elibrary.imf.org/view/journals/001/1999/105/001.1999.issue-105-en.xml IMF e-Library