Can the Financial Sector Deliver Both Growth and Financial Stability in Sub-Saharan Africa?
Can the Financial Sector Deliver Both Growth and Financial Stability in Sub-Saharan Africa?
A pithy review of the recent literature on the relationship between finance and growth is followed by focusing on the financial sector in Africa. The chapter emphasizes the need to overcome the dearth of development finance in the region and to strengthen limited regulatory and supervisory capacity. The authors argue for caution and prudence in financial liberalization.
Keywords: development banks, regulation, supervision, long-term finance
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