Understanding the Growth of African Financial Markets /
This paper examines empirically the determinants of financial market development in Africa with an emphasis on banking systems and stock markets. The results show that income level, creditor rights protection, financial repression, and political risk are the main determinants of banking sector devel...
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| Formato: | Revista |
| Lenguaje: | English |
| Publicado: |
Washington, D.C. :
International Monetary Fund,
2009.
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| Colección: | IMF Working Papers; Working Paper ;
No. 2009/182 |
| Acceso en línea: | Full text available on IMF |