Measuring Financial Development in Sub-Saharan Africa
Measuring Financial Development in Sub-Saharan Africa
复制标题
衡量撒哈拉以南非洲的金融发展
DOI：
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发表时间：
1999
期刊：
影响因子：
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通讯作者：
S. Leite
中科院分区：
文献类型：
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作者：
E. Gelbard;S. Leite
这项研究提出了一个衡量金融发展的指数和一套六个指数，代表了38个撒哈拉以南非洲国家金融系统的主要特点。结果表明，这些国家在过去十年中在改善金融体系和使其现代化方面取得了良好进展，特别是在金融自由化和采用间接货币政策工具方面。然而，在许多国家，金融产品的范围仍然极其有限，利率差很大，资本充足率不足，司法贷款回收是一个问题，不良贷款的份额很大。
This study introduces an index for measuring financial development and a set of six indices representing key characteristics of the financial systems in 38 sub-Saharan African countries. The results show that these countries have made good progress in improving and modernizing their financial systems during the last decade, particularly with regard to financial liberalization and the adoption of indirect instruments of monetary policy. In many countries, however, the range of financial products remains extremely limited, interest rate spreads are wide, capital adequacy ratios are insufficient, judicial loan recovery is a problem, and the share of nonperforming loans is large.