African Knowledge Base(AKB) Platform
Integrated Essential Digital Resources on Africa

Liberalisation and Financial Sector Competition: A Critical Contribution to the Empirics with an African Assessment

There are no files associated with this item.
Appears in Collections:
AUC Library

Abstract(English): This paper investigates how financial, trade, institutional and political liberalisation policies have affected financial sector competition in Africa using updated data to appraise second-generation reforms. The “freedom to trade” and “economic freedom” indices are employed. Hitherto, unexplored financial sector concepts of formalisation, semi-formalisation, informalisation and non-formalisation are also introduced. The following findings are established. First, relative to money supply, (i) with the exception of the economic freedom mechanism, liberalisation policies have generally decreased the growth of the formal financial sector to the benefit of other financial sectors; (ii) apart from the foreign direct investment and economic freedom channels, liberalisation policies have been fruitful for semi-formal financial development at the cost of other financial sectors and; (iii) with the exception of economic freedom, both the informal and non-formal sectors have developed owing...
Authors: Asongu, Simplice
Type: Journal article
Language: English
Subject: WELFARE
Link to Fulltext/Resources:

Country City Visitors