Format:
1 online resource (264 pages)
ISBN:
9780821369104
,
9780821369098
,
0821369105
,
0821369091
Content:
Making Finance Work for Africa takes a panoramic view of Africa's financial systems, both at the large scale ("finance for growth") and the small scale ("finance for all"). Things are changing for the better in African finance. Credit growth is underway after a long pause, solid new intermediaries are entering the marketplace, and the reach of microfinance is growing steadily. Finance can be a leading sector transforming African economies - by opening up business opportunities to a wider clientele and by channeling larger resources more effectively. By providing a key alternative to government patronage as a basis for entry into business, a strong, independent financial system can transform the environment for enterprise. In addition, finance can help the poor and those in remote rural areas by providing small-scale payments, savings, and risk reduction services. Making Finance Work for Africa presents a coherent policy approach that addresses African priorities and can work in African conditions. It challenges the applicability of some conventional views on a range of issues from securities markets and banking regulation to the organization of microfinance institutions. The authors identify promising trends from across sub-Saharan Africa and pinpoint shortcomings. The book will be useful to policy makers, bankers, financial analysts, and economists working in Africa.
Content:
Contents -- Foreword -- Acknowledgments -- Abbreviations -- 1 Setting the Scene -- Introduction: The Role of the Financial Sector -- Key Policy Issues -- Modernism and Activism: Two Perspectives for Reform -- Ultimate Goals: Financial Sector Development for Growth and Poverty Reduction -- Policy Perspectives for the Major Elements of the Formal Financial Sector -- Reaching Difficult Markets -- Organization of the Report -- 2 African Financial Systems: Depth, Breadth, and Efficiency -- Introduction: International Comparisons -- Financial Depth and Efficiency: What Explains Africa's Low Score? -- Nonbank Finance -- Inclusive Household Finance -- Enterprises Place High Value on Better Financial Services -- 3 Finance for Long-Term Growth: Enriching the Flow of Finance to Transform the Economy -- Introduction: Mainstream Financial Institutions -- Improving the Banking System's Ability to Intermediate Funds -- Ownership and Industrial Structure of the Banking System -- Term Finance and Risk Finance: Beyond Commercial Banking -- Macroeconomic Aspects: Building Confidence and Absorptive Capacity -- 4 Finance for All -- Introduction: Access to Formal Financial Services -- Technology and Financial Engineering -- Organization: Who Needs to Do What? -- 5 Policy Choices in Current Conditions -- Introduction: The Vision -- From Vision to Policy -- Where Should Government Begin? Two Attainable Goals -- Contrasting Initial Conditions -- Appendix: African Relationship Lending -- Credit Appraisal -- Enforcement -- Bibliography -- Index -- Boxes -- 1.1 Stability, Certainty, and Transparency: Foundations of Financial Sector Efficiency -- 1.2 Microfinance: Sustainability and Outreach -- 2.1 Historic Explanations of Cross-Country Variation in Financial Development -- 3.1 Dollarization -- 3.2 Points to Look For in an Effective Legal System.
Note:
Description based on publisher supplied metadata and other sources
,
Contents; Foreword; Acknowledgments; Abbreviations; 1 Setting the Scene; Figures; Boxes; 2 African Financial Systems: Depth, Breadth, and Efficiency; Maps; Tables; 3 Finance for Long-Term Growth: Enriching the Flow of Finance to Transform the Economy; 4 Finance for All; 5 Policy Choices in Current Conditions; Credit Appraisal; Appendix: African Relationship Lending; Enforcement; Bibliography; Index
Additional Edition:
ISBN 9780821369098
Additional Edition:
Erscheint auch als Druck-Ausgabe ISBN 9780821369098
Language:
English
Author information:
Honohan, Patrick 1949-
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