Show simple item record

dc.contributor.authorDemetriades, Panicosen_NZ
dc.contributor.authorFielding, Daviden_NZ
dc.date.available2011-04-07T03:05:41Z
dc.date.copyright2009-01-01en_NZ
dc.identifier.citationDemetriades, P., & Fielding, D. (2009). Information, Institutions and Banking Sector Development in West Africa (Economics Discussion Papers Series No. 902). Department of Economics, University of Otago. Retrieved from http://hdl.handle.net/10523/937en
dc.identifier.urihttp://hdl.handle.net/10523/937
dc.description.abstractUsing a new panel dataset for banks in eight West African countries, we explore the factors that exacerbate or alleviate excess liquidity, and the factors that promote or retard the rate of growth of banks’ assets. Loan default rates in the region are high, and variations in the rate impact on liquidity and asset growth. However, the size of this effect is very sensitive to bank age. Some types of improvement in the quality of governance reduce excess liquidity and promote asset growth. However, the impact of other types of improvement, particularly with regard to corruption, is ambiguous. We uncover evidence that provides an explanation for this ambiguity.en_NZ
dc.format.mimetypeapplication/pdf
dc.publisherDepartment of Economics, University of Otagoen_NZ
dc.relation.ispartofseriesEconomics Discussion Papers Seriesen_NZ
dc.relation.urihttp://www.business.otago.ac.nz/econ/research/discussionpapers/index.htmlen_NZ
dc.subjectAfricaen_NZ
dc.subjectBankingen_NZ
dc.subjectDefaulten_NZ
dc.subjectInstitutionsen_NZ
dc.subjectLiquidityen_NZ
dc.subject.lcshHB Economic Theoryen_NZ
dc.titleInformation, Institutions and Banking Sector Development in West Africaen_NZ
dc.typeDiscussion Paperen_NZ
dc.description.versionPublisheden_NZ
otago.bitstream.pages26en_NZ
otago.date.accession2010-06-01 21:33:16en_NZ
otago.schoolDepartment of Economicsen_NZ
otago.openaccessOpen
otago.place.publicationDunedin, New Zealanden_NZ
dc.identifier.eprints902en_NZ
otago.school.eprintsEconomicsen_NZ
dc.description.referencesArestis, P. and Demetriades, P., (1997) “Financial development and economic growth: assessing the evidence”, Economic Journal, 107, 783-799. Arellano, M. and Bond, S. (1991) “Some tests of specification for panel data: Monte Carlo evidence and an application to employment equations”, Review of Economic Studies, 58, 277-297. Beck, T., Demirgüç-Kunt, A. and Maksimovic, V. (2005) “Financial and legal constraints to growth: does firm size matter?” Journal of Finance, 40(1), 137-177. Bigsten, A. and Moene, K.O. (1996) “Growth and rent dissipation: the case of Kenya,” Journal of African Economies, 5: 177-198. Demetriades, P. and Andrianova, S. (2005) “Sources and effectiveness of financial development: what we know and what we need to know,” Research Paper RP2005/76, World Institute for Development Economic Research, Helsinki. Fuentes, R. and Maquieira, C.P. (2001) “Why borrowers repay: understanding high performance in Chile's financial market,” in Pagano, M. (ed.) Defusing Default: Incentives and Institutions, Washington, DC: Inter-American Development Bank/Johns Hopkins University Press. Galindo, A. and Miller, M. (2001) “Can credit registries reduce credit constraints? Empirical evidence on the role of credit registries in firm investment decisions,” presentation to Towards Competitiveness: the Institutional Path, Annual Meeting of the Board of Governors, Inter-American Development Bank and Inter-American Investment Corporation, Santiago, Chile, March 16 (http://socsci2.ucsd.edu/~aronatas/project/academic/Credit%20Registries.pdf). Honohan, P. and Beck, T. (2007), Making Finance Work for Africa, Washington, DC: The World Bank. IMF (2001) Senegal: Financial System Stability Assessment, Country Report 01/189, Washington, DC. Kaufmann D, Kraay A, Mastruzzi M. (2007) “Governance Matters VI: aggregate and individual governance indicators 1996-2006”, World Bank Policy Research Working Paper 4280. Koopman, S.J. Lucas, A. and Klaassen, P. (2005) “Empirical credit cycles and capital buffer formation,” Journal of Banking and Finance, 29(12), 3159-3179. Levine, R. (2004) “Finance and growth: theory and evidence,” NBER Working Paper 10766, Cambridge, MA. Love, I. and Mylenko, N. (2003) “Credit reporting and financing constraints,” World Bank Policy Research Working Paper 3142, Washington, DC. Messick, R. (1999) “Judicial reform and economic development: a survey of the issues,” World Bank Research Observer, 14(1), 117-136. Rajan, R. G. and Zingales, L. (2003) “The great reversals: the politics of financial development in the twentieth century”, Journal of Financial Economics, 69, 5-50. Sacerdoti. E. (2005) “Access to bank credit in Sub-Saharan Africa: key issues and reform strategies,” IMF Working Paper WP/05/166, Washington, DC. Stiglitz, J. and Weiss, A. (1981) “Credit rationing in markets with imperfect information,” American Economic Review, 71(3), 393-410. Stiglitz, J. and Weiss, A. (1983) “Incentive effects of terminations: applications to credit and labor markets,” American Economic Review, 73(5), 912-927.en_NZ
otago.relation.number902en_NZ
 Find in your library

Files in this item

Thumbnail

This item appears in the following Collection(s)

Show simple item record