Sub-Saharan Africa's Integration in the Global Financial Markets - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Sub-Saharan Africa's Integration in the Global Financial Markets write by Corinne Deléchat. This book was released on 2009-05-01. Sub-Saharan Africa's Integration in the Global Financial Markets available in PDF, EPUB and Kindle. The paper uses a unique database covering 44 countries in sub-Saharan Africa (SSA) countries between 2000 and 2007 to study the determinants of the allocation and composition of flows across countries, as well as channels through which private capital flows could affect growth. In our sample, the degree of financial market development is an important determinant of the distribution of capital flows across countries as opposed to property rights institutions. The fairly consistent positive association between net capital flows and growth for SSA countries contrasts with the more pessimistic results of recent studies, though our data do not allow us to make conclusive inferences about a causality relationship.
IMF Working Papers
IMF Working Papers - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook IMF Working Papers write by Corinne Deléchat. This book was released on 2009. IMF Working Papers available in PDF, EPUB and Kindle.
Sub-Saharian Africa's Integration in the Global Financial Markets
Sub-Saharian Africa's Integration in the Global Financial Markets - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Sub-Saharian Africa's Integration in the Global Financial Markets write by Corinne Deléchat. This book was released on 2009. Sub-Saharian Africa's Integration in the Global Financial Markets available in PDF, EPUB and Kindle.
A Work in Progress
A Work in Progress - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook A Work in Progress write by Mr.Emre Alper. This book was released on 2017-01-13. A Work in Progress available in PDF, EPUB and Kindle. This paper assesses the extent of economic and financial integration among the East African Community (EAC) along a number of dimensions and, where possible, whether integration has increased in the wake of the major regional integration policy milestones.
Stock Market Development in Sub-Saharan Africa
Stock Market Development in Sub-Saharan Africa - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Stock Market Development in Sub-Saharan Africa write by Charles Amo Yartey. This book was released on 2007-08. Stock Market Development in Sub-Saharan Africa available in PDF, EPUB and Kindle. This paper examines the economic importance of stock markets in Africa. It discusses policy options for promoting the development of the stock market in Africa. The results of the paper show that the stock markets have contributed to the financing of the growth of large corporations in certain African countries. An econometric investigation of the impact of stock markets on growth in selected African countries, however, finds inconclusive evidence even though stock market value traded seem to be positively and significantly associated with growth. African stock exchanges now face the challenge of integration and need better technical and institutional development to address the problem of low liquidity. Preconditions for successful regional approaches include the harmonization of legislations such as bankruptcy and accounting laws and a liberalized trade regime. Robust electronic trading systems and central depository systems will be important. Further domestic financial liberalization such as steps to improve the legal and accounting framework, private sector credit evaluation capabilities, and public sector regulatory oversight would also be beneficial.
