UID:
edoccha_9958120569302883
Format:
1 online resource (43 p.)
ISBN:
1-4623-5675-3
,
1-4552-1624-0
,
1-282-84611-6
,
9786612846113
,
1-4552-0119-7
Series Statement:
IMF working paper ; WP/10/136
Content:
This study assesses the determinants of banking system efficiency in sub-Saharan Africa (SSA) and asks what, besides the degree of efficiency, explains the low level of financial development in the region. It uses stochastic frontier analysis to measure efficiency and a generalized method of moments system to explain financial development. SSA banks are found to be generally cost-efficient, but nonperforming loans undermine efficiency, which suggests that improvement in the regulatory and credit environments should improve efficiency. The political and the economic environment have held back financial development in SSA.
Note:
"June 2010".
,
Cover Page; Title Page; Copyright Page; Contents; I. Introduction; II. Literature Review; A. Bank Efficiency; B. Financial Development; 1. Evolution of the M2/GDP Ratio for Sub-Saharan Africa, Latin America, and Asia, 1980-2002; 2. Evolution of the M2/GDP Ratio by SSA Regions, 1980-2002; 3. Evolution of Credit to the Private Sector in Sub-Saharan Africa, Latin America, and Asia, 1980-2002; 4. Evolution of Credit to the Private Sector in Sub-Saharan Africa, 1980-2002; III. Banking Efficiency in Sub-Saharan Africa; A. Methodology; B. Data and Results
,
1. Average Logarithmic Values Used for the Arguments of the Cost Frontier Function2. Results of the Translogarithmic Cost-frontier Function Using the One-Step Method; 3. Average Cost-efficiency Score Measured by the Translogarithmic Cost Function; IV. Financial Development in Sub-Saharan Africa; A. Methodology; B. Data and Results; 4. GMM Estimation for Financial Development Determinants; V. Conclusion; I. GMM Regression Including the Cost Efficiency Scores Derived from the Stochastic Frontier Function; References; Footnotes
Language:
English
