Institutional Factors and Financial Sector Development: Evidence from Sub-Saharan Africa
In: IMF Working Papers, S. 1-25
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In: IMF Working Papers, S. 1-25
SSRN
In: IMF Working Papers v.Working Paper No. 09/258
In: IMF working paper WP/09/258
The paper assesses the effects of certain institutional factors on financial sector development in Sub- Saharan Africa (SSA). Data Envelopment Analysis (DEA) is applied to determine the extent to which these institutions affect the financial sector, and to suggest which institutions play a more critical role in each country. Results suggest that institutional factors affect financial depth and access to financial services more than asset quality and profitability (measured by nonperforming loans (NPL) and return on equity (ROE). The results also suggest that depth of credit information has the