| Description |
1 online resource |
| Series |
IMF working paper ; WP/13/161 |
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IMF working paper ; WP/13/161.
|
| Contents |
Cover; Contents; I. Introduction; II. Stylized Facts and Empirical Literature Review; III. The Regression Analysis; IV. Case Study; A. Where Côte d'Ivoire Stands Relative to Mozambique and to its Potential?; B. Explaining the Financial Development Gap; V. Conclusions; References; Tables; 1. Descriptive Statistics, 1997-2009; 2. Correlation Matrix; 3. Variables Definitions; 4. Financial Development in WAEMU and HGNOE in SSA, 1997-2009; 5. Structural Variables in 2010; 6. Main Financial Reforms in 2003-10; Figures; 1. Credit to the Private Sector; 2. Broad Money |
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3. Return on Assets and Return on Equity4. Private Credit/GDP (%); Annex; 1. Financial Possibility Frontier: Benchmarking WAEMU Against HGNOES; 2. Benchmarking WAEMU Countries Against Their Potential |
| Summary |
Financial depth in Sub-Saharan Africa (SSA) has been uneven over the last two decades. The WAEMU countries are lagging behind other regions, particularly the High Growth Non-oil Exporters (HGNOEs) group. We use two complementary methodologies to compare the two groups of countries. In a panel of 16 countries over 1997-2009, we find that the financial gap between the two groups of countries can be explained by institutional factors. In a benchmarking exercise comparing the major economy in the WAEMU (Côte d'Ivoire) with the most structurally similar in the control group (Mozambique), we show that Côte d'Ivoire underperformed relative to Mozambique and to its estimated potential. We then identify policy and institutional asymmetries between the two countries that could explain the gap in performance |
| Notes |
"July 2013." |
| Bibliography |
Includes bibliographical references |
| Notes |
Print version record |
| Subject |
Benchmarking (Management)
|
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Banks and banking -- Africa, West -- Evaluation
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Benchmarking
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Banks and banking -- Evaluation
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Benchmarking (Management)
|
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West Africa
|
| Form |
Electronic book
|
| ISBN |
1299781411 |
|
9781299781412 |
|
9781475562422 |
|
147556242X |
|
9781484309391 |
|
1484309391 |
|
