Banking in Sub-Saharan Africa What Went Wrong?

The purpose of this paper is to study the origins of banking crises in sub-Saharan Africa, drawing upon the experience of ten countries during the period 1985-95. It examines, in particular, which factors were the most important sources of these crises. The conclusions underscore that the banking cr...

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Bibliographic Details
Main Author: Le Gall, Françoise
Other Authors: Daumont, Roland, Leroux, François
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2004
Series:IMF Working Papers
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
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300 |a 49 pages 
651 4 |a Côte d'Ivoire 
653 |a Foreign banks 
653 |a Financial crises 
653 |a Industries: Financial Services 
653 |a Finance 
653 |a Monetary Policy, Central Banking, and the Supply of Money and Credit: General 
653 |a Banking crises 
653 |a Banks and banking, Foreign 
653 |a General Financial Markets: Government Policy and Regulation 
653 |a Banks and banking 
653 |a Banks and Banking 
653 |a Micro Finance Institutions 
653 |a Credit 
653 |a Monetary economics 
653 |a Mortgages 
653 |a Financial institutions 
653 |a Financial Crises 
653 |a Commercial banks 
653 |a Economic & financial crises & disasters 
653 |a Banking 
653 |a Banks 
653 |a Loans 
653 |a Money and Monetary Policy 
653 |a Money 
653 |a Depository Institutions 
700 1 |a Daumont, Roland 
700 1 |a Leroux, François 
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520 |a The purpose of this paper is to study the origins of banking crises in sub-Saharan Africa, drawing upon the experience of ten countries during the period 1985-95. It examines, in particular, which factors were the most important sources of these crises. The conclusions underscore that the banking crises examined did not represent an entirely special case-a number of factors identified in the general literature, including macroeconomic shocks, were highly relevant-but note that several of their features were nonetheless specific to this part of the world. These banking crises were the very prototype of endemic crises associated with heavy government intervention in the banking system. In this regard, the paper analyzes the complex role of the government in banking in sub-Saharan Africa, the many channels through which governments intervened, and the economic and institutional environment in which the banks operated