African Finance In The 21st Century

Author : Marc Quintyn
Publisher : INTERNATIONAL MONETARY FUND
ISBN 13 :
Total Pages : 352 pages
Book Rating : 4.33/5 ( download)

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Download or read book African Finance in the 21st Century written by Marc Quintyn and published by INTERNATIONAL MONETARY FUND. This book was released on 2010-01-14 with total page 352 pages. Available in PDF, EPUB and Kindle. Book excerpt: Financial sector development in sub-Saharan Africa continues to lag behind the rest of the world, despite some recent positive achievements. There is a growing consensus that financial development fosters economic growth, so why has more not been done to spur financial advancement in Africa? This book is one of the few that tackles the debate of financial development in Africa head on. It stems from the proceedings of a high-level conference organized by the IMF Institute with contributions by experts from official agencies in Africa, international financial institutions, the private sector, and academia. The book begins by presenting the reader with compelling theoretical perspectives on the determinants of financial growth, empirical analyses of the impediments to financial growth and overviews of developments in individual sectors. It discusses policy issues related to financial sector stability, regulation and supervision. The final part investigates how specific measures can create room for financial growth, even when the broader institutional framework remains weak. Case studies demonstrate how individual countries have tried to stimulate financial development, or how specific measures, such as the establishment of credit reporting systems, can generate a positive impact on financial growth. Everyone interested or involved in deepening finance in Africa will find information and inspiration in this insightfull collection of papers.

Author : Maha Ben Gadha
Publisher : Pluto Press (UK)
ISBN 13 : 9780745344072
Total Pages : 320 pages
Book Rating : 4.70/5 ( download)

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Download or read book Economic and Monetary Sovereignty in 21st Century Africa written by Maha Ben Gadha and published by Pluto Press (UK). This book was released on 2021-10-20 with total page 320 pages. Available in PDF, EPUB and Kindle. Book excerpt: The story of how African societies are resisting financial dependency and colonial legacies

Author : Maha Ben Gadha
Publisher :
ISBN 13 : 9780745344119
Total Pages : 0 pages
Book Rating : 4.19/5 ( download)

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Download or read book Economic and Monetary Sovereignty in 21st Century Africa written by Maha Ben Gadha and published by . This book was released on 2021 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The story of how African societies are resisting financial dependency and colonial legacies.

Author : Robert E. Litan
Publisher : Brookings Institution Press
ISBN 13 : 9780815705369
Total Pages : 228 pages
Book Rating : 4.60/5 ( download)

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Download or read book American Finance for the 21st Century written by Robert E. Litan and published by Brookings Institution Press. This book was released on 2010-12-01 with total page 228 pages. Available in PDF, EPUB and Kindle. Book excerpt: As recently as thirty years ago, Americans lived in a financial world that today seems distant. Investment and borrowing choices were meager: virtually all transactions were conducted in cash or by check. The financial services industry was heavily regulated, as an outgrowth of the Depression, while an elaborate safety net was constructed to prevent a repeat of that dismal episode in American history. Today, consumers and businesses have a dizzying array of choices about where to invest and borrow. Plastic credit cards and electronic transfers increasingly are replacing cash and checks. Much regulation has been dismantled, although the industry remains fragmented by rules that continue to separate banks from other enterprises. Meanwhile, finance has gone global and increasingly high-tech. This book, originally prepared as a report to Congress by the Treasury Department, outlines a framework for setting policy toward the financial services industry in the coming decades. The authors, who worked closely with senior Treasury officials in developing their recommendations, identify three core principles that lie at the heart of that framework: an enhanced role for competition; a shift in emphasis from preventing failures of financial institutions at all cost toward containing the damage of any failures that inevitably occur in a competitive market; and a greater reliance on more targeted interventions to achieve policy goals rather than broad measures, such as flat prohibitions on certain activities.

Author : Ashford Chea
Publisher : LAP Lambert Academic Publishing
ISBN 13 : 9783846590423
Total Pages : 284 pages
Book Rating : 4.28/5 ( download)

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Download or read book How to Make the 21st Century the Century of African Economic Rebirth written by Ashford Chea and published by LAP Lambert Academic Publishing. This book was released on 2012-04 with total page 284 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book is divided in two parts. The first analyzes macro-issues and government policies. It begins with analyzing the effects of the global financial crisis of 2008 on Sub-Saharan African economies. It also looks at global private capital flows for development finance in Sub-Saharan Africa with focus on best performing economies. This is followed by a review of the sources of global private capital and implications for Sub-Saharan Africa. Moreover, the financial sector and capital account liberalization in economic development in Sub-Saharan Africa are discussed. Finally, strategies to market Sub-Saharan African economies and create wealth are outlined. The Second section of the book focuses on micro-issues such as individuals and firms and their role in economic development. It starts with an analysis of self-management and personal leadership of highly effective people and implications for political and business leaders in Sub-Saharan Africa. Also discussed are the role of conflict in organizations, exemplary leaders in organizations, firm innovations, and the process of entrepreneurial opportunity-identification with implications for Sub-Saharan African businesses.

Author : Samuel Munzele Maimbo
Publisher : World Bank Publications
ISBN 13 : 0821387979
Total Pages : 325 pages
Book Rating : 4.79/5 ( download)

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Download or read book Financing Africa written by Samuel Munzele Maimbo and published by World Bank Publications. This book was released on 2011-09-07 with total page 325 pages. Available in PDF, EPUB and Kindle. Book excerpt: Financing Africa takes stock of Africa's financial systems in light of recent changes in the global financial system --including the greater risk aversion of international investors, a shift in economic and financial powers towards emerging markets and the regulatory reform debate - and the increasing role of technology. Using a wider and more detailed array of data than previous publications, we observe a trend towards financial deepening, more stability and more inclusion leading up to the crisis; serious challenges, however, continue, including limited access to financial services, focus on short-term contracts and hidden fragility, related to weak regulatory frameworks, undue government interference and governance deficiencies. Our policy analysis therefore focuses on (i) expanding outreach, (ii) fostering long-term finance and (iii) improving regulation and supervision. We identify the positive role of innovation and competition, a stronger focus on non-traditional financial service providers, and more emphasis on demand-side constraints as priority areas for policy actions. Specifically, competition from new players outside the banking system, including telecomm companies can increase outreach with technological innovation that changes the economics of retail finance. Moving beyond national stock exchanges that are not sustainable in most African countries towards regional solutions and over-the-counter trades can help foster long-term finance, as can addressing governance challenges in contractual savings institutions, including life insurance companies and pension funds. Finally, there is a need to look beyond supply-side constraints towards users of financial services, focusing more on financial literacy of households and firms, but also consumer protection. In formulating policy messages, we carefully distinguish between different country groupings, differentiating -- among others -- between low- and middle-income and small and larger economies, with a special focus on resource-based economies and post-conflict countries. This book reaches out to both policy makers concerned about a more inclusive and effective financial system and other stakeholders, including practitioners and development partners. With this book we aim to contribute to the on-going financial sector debate on Africa, with the ultimate goal of faster economic development and poverty reduction.

Author : Emeke Iweriebor
Publisher : Pageturner, Press and Media
ISBN 13 : 9781649082329
Total Pages : 254 pages
Book Rating : 4.20/5 ( download)

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Download or read book Mind. Money. Matter written by Emeke Iweriebor and published by Pageturner, Press and Media. This book was released on 2020-08-06 with total page 254 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is a short but remarkable text by the most unusual of bankers - one who is not obsessed with short-term return in financial services but who understands the magic of value creation in the real economy, and the imperative of transformation through industrialization and manufacturing. Emeke E. Iweriebor does not need lengthy chapters to make powerful points, share great knowledge, and distill wisdom. Like some grand music composers, he uses many variations on the single aria of integration to discuss the subtle ethics and the economics of togetherness. After exploring the main theme from various angles with different textures and harmonies, he brings back the original aria and gives it a unique feel from the first reading. The book is a well-informed report card, a travel diary, a seductive kaleidoscope, and a thoughtful meditation which will be of interest to a very large audience.

Author : Matthew Kofi Ocran
Publisher : Springer
ISBN 13 : 3030107701
Total Pages : 424 pages
Book Rating : 4.03/5 ( download)

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Download or read book Economic Development in the Twenty-first Century written by Matthew Kofi Ocran and published by Springer. This book was released on 2019-04-27 with total page 424 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book uses lessons from history to help African countries take charge of their own economic development agenda. History is an important part of Africa’s economic development narrative, and Ocran investigates how the development outcomes between Africa and Western Europe became so divergent when in the early medieval period average income levels and economic development in the two regions differed only marginally. The sixteenth century marked a turning point, with the emergence of Western European mercantilism and capitalism and their associated exploitation of other countries. In understanding Africa’s economic development, it is crucial to recognise that Africa has not always been poor. Examining 400 years of enslavement and colonisation, this book takes us to present day Africa and economic issues affecting the continent. With selected case studies from Hong Kong, Taiwan, and Singapore to South Korea and China, Ocran proposes ways to break out of the economic development quandary Africa currently faces.

Author : European Investment Bank
Publisher : European Investment Bank
ISBN 13 : 9286156049
Total Pages : 209 pages
Book Rating : 4.45/5 ( download)

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Download or read book Finance in Africa written by European Investment Bank and published by European Investment Bank. This book was released on 2023-10-11 with total page 209 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Finance in Africa report emphasises the challenges faced by the African banking sector — including the impact of recent shocks, such as the COVID-19 crisis and Russia's invasion of Ukraine — and the importance of gender diversity in business and banking. The report also discusses the need for international support and sustainable finance to advance economic development and climate change in Africa. It provides insights into the financial conditions, banking sector performance, and investment trends in the region. It covers the nature of climate finance flows in Africa and the degree of climate risk on bank balance sheets. With the right measures in place, Africa has the potential to overcome its challenges and unlock its true economic potential.

Author : Sebastian Edwards
Publisher : University of Chicago Press
ISBN 13 : 9780226315720
Total Pages : 0 pages
Book Rating : 4.2X/5 ( download)

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Download or read book African Successes, Volume III written by Sebastian Edwards and published by University of Chicago Press. This book was released on 2016-09-23 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Studies of African economic development frequently focus on the daunting challenges the continent faces. From recurrent crises to ethnic conflicts and long-standing corruption, a raft of deep-rooted problems has led many to regard the continent as facing many hurdles to raise living standards. Yet Africa has made considerable progress in the past decade, with a GDP growth rate exceeding five percent in some regions. The African Successes series looks at recent improvements in living standards and other measures of development in many African countries with an eye toward identifying what shaped them and the extent to which lessons learned are transferable and can guide policy in other nations and at the international level. The third volume in the series, African Successes: Modernization and Development looks at the rise in private production in spite of difficult institutional and physical environments. The volume emphasizes the ways that technologies, including mobile phones, have made growth in some areas especially dynamic.