01975cas a2200265 a 4500 AALejournalIMF005823 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451872606 1018-5941 BD-DhAAL BD-DhAAL Ghura, Dhaneshwar. Financial Deepening in the CFA Franc Zone : The Role of Institutions / Dhaneshwar Ghura, Kangni Kpodar, Raju Singh. Washington, D.C. : International Monetary Fund, 2009. 1 online resource (17 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 During the 1980s and early 1990s many Sub-Saharan African (SSA) countries undertook reforms to promote financial sector deepening. Nevertheless, financial sectors in SSA countries remain among the shallowest in the world and, within Sub-Saharan Africa, financial depth in the CFA franc zone is even more limited. This paper sets out to investigate empirically factors that may explain why financial depth in the CFA franc zone is shallower than in the rest of SSA using panel data for a sample of 40 countries for 1992-2006. The results indicate that the gap in financial development between the CFA franc zone countries and the rest of SSA can be explained by differences in institutional quality (e.g., availability of credit information, and strength and enforcement of property rights), variables that policy makers can influence. Mode of access: Internet Kpodar, Kangni. Singh, Raju. IMF Working Papers; Working Paper ; No. 2009/113 Full text available on IMF http://elibrary.imf.org/view/journals/001/2009/113/001.2009.issue-113-en.xml IMF e-Library