| Description |
1 online resource (349 p.) |
| Series |
Routledge Studies in Development Economics Series |
|
Routledge Studies in Development Economics Series
|
| Contents |
Cover -- Half Title -- Series Page -- Title Page -- Copyright Page -- Table of Contents -- List of Figures -- List of Tables -- List of Contributors -- 1 Introduction -- 1.1 Significance of the Book -- 1.2 Structure and Outline of the Book -- Part I: Historical Evolution of Finance in Africa -- 2 The Evolution of Financial Sector Reforms in African Countries -- 2.1 Introduction -- 2.2 Financial Sector Policies and Development Before Liberalization in Africa -- 2.3 Financial Liberalization and Financial Crisis -- 2.4 Financial Restructuring after Crisis -- 2.5 Conclusion -- References |
|
3 Financial Reforms and Financial Development in Africa: Evidence from Selected SSA Countries -- 3.1 Introduction -- 3.2 Financial Reforms in Sub-Saharan Africa -- 3.3 Trends and Patterns of Financial Development in Sub-Saharan Africa -- 3.3.1 Interest Rate Spreads in Sub-Saharan Africa -- 3.3.2 Financial Deepening in Sub-Saharan Africa -- 3.3.3 Banking Concentration in Sub-Saharan Africa -- 3.3.4 Stock Market Development in Sub-Saharan Africa -- 3.3.5 Indices of Financial Development in Sub-Saharan Africa -- 3.4 Conclusion -- References -- 4 Interest Rate Reforms in African Countries |
|
4.1 Introduction -- 4.2 Characteristics of the Financial System in African Countries -- 4.3 Interest Rate Policies in African Countries in the Last Two Decades -- 4.4 Sequencing of Interest Rate Reform Policies in African Countries -- 4.5 Conclusion -- References -- 5 Financial Determinants of Informal Financial Development in African Countries -- 5.1 Introduction -- 5.2 Review of the Literature -- 5.3 Data and Methodology -- 5.3.1 Data -- 5.3.2 Methodology -- 5.4 Empirical Results -- 5.5 Conclusion and Future Research Direction -- References |
|
6 Finance-Growth Nexus: A Review of Afrocentric Literature -- 6.1 Introduction -- 6.2 Finance-Growth Nexus Debate -- 6.3 Empirical Literature Review -- 6.3.1 The Supply-Leading Response -- 6.3.2 The Demand-Following Response -- 6.3.3 Bi-Directional/Feedback Response -- 6.4 Conclusion -- References -- Part II: Impact of Finance on Sustainable Economic Growth in Africa -- 7 Financial Development and Economic Growth in African Countries -- 7.1 Introduction -- 7.2 Literature Survey -- 7.2.1 Financial Landscape and Economic Growth Dynamics in Africa -- 7.2.2 Empirical Literature Survey |
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7.3 Methodology -- 7.3.1 Heterogeneous Granger Causality -- 7.3.2 Data -- 7.4 Empirical Analysis -- 7.4.1 Cross-Sectional Dependence Test -- 7.4.2 First-and Second-Generation Panel Unit Root Tests -- 7.4.3 Panel Cointegration Test -- 7.4.4 Heterogeneous Panel Causality Analysis -- 7.5 Conclusion -- References -- 8 Bank-Based Financial Development and Economic Growth in African Countries -- 8.1 Introduction -- 8.2 Literature Review -- 8.3 Methodology -- 8.3.1 GMM Specification -- 8.3.2 Identification and Exclusion Restrictions -- 8.3.3 Data -- 8.4 Empirical Analysis and Discussion |
| Notes |
Description based upon print version of record |
|
8.5 Conclusion |
| Subject |
Sustainable development -- Africa -- Finance
|
|
Financial institutions -- Africa
|
|
Economic policy.
|
|
Financial institutions.
|
|
Sustainable development -- Finance.
|
| SUBJECT |
Africa -- Economic policy
|
| Subject |
Africa.
|
| Form |
Electronic book
|
| Author |
Owusu, Erasmus Larbi
|
|
Asongu, Simplice Anutechia
|
| ISBN |
9781000893212 |
|
1000893219 |
|
