Financial Sector Development in African Countries
Major Policy Making Issues
Buch in deiner Nähe kaufen
Beschreibung
This Palgrave Pivot begins with a broad focus on financial sector development asa whole, highlighting areas such as the money market, payment system, and thecapital market, as well as issues such as regulatory strategy, capacity building offinancial firms and service providers, and financial inclusion. In the area of foreignexchange market policies, the book argues that African countries should aim forsocial efficiency of the markets, which would include soundness of their foreignexchange systems, from an economic growth perspective, and fairness from anincome distributional perspective. Finally, in recognition of the fact that someAfrican countries desire financial systems that are strong enough to beinternational centers of finance, the policy-making implications of that ambitionare discussed.This book will be of interest to scholars and students in development economics,finance, and money and banking, as well as policy-makers and practitioners.Further, international organisations and independent research organisationsinterested in economic development in general or financial system developmentissues will also find this book of value.Omotunde E. G. Johnson received his PhD in Economics from the University ofCalifornia, Los Angeles, USA, in 1970. He has taught at universities including theUniversity of Sierra Leone and the University of Michigan, USA, and wasInternational Monetary Fund staff member for more than 25 years. He wasVisiting Research Fellow at the Centre for the Study of African Economies andSenior Associate Member at St Antony’s College, Oxford University, UK. He haspublished a number of books and many articles in academic journals, includingthe Journal of Law and Economics, Journal of Money Credit and Banking, WorldDevelopment, Kyklos, Journal of Policy Reform, and International Monetary FundStaff Papers. His most recent book, published by Palgrave Macmillan, wasEconomic Diversification and Growth in Africa: Critical Policy Making Issues.
This Palgrave Pivot begins with a broad focus on financial sector development as a whole, highlighting areas such as the money market, payment system, and the capital market, as well as issues such as regulatory strategy, capacity building of financial firms and service providers, and financial inclusion. In the area of foreign exchange market policies, the book argues that African countries should aim for social efficiency of the markets, which would include soundness of their foreign exchange systems, from an economic growth perspective, and fairness from an income distributional perspective. Finally, in recognition of the fact that some African countries desire financial systems that are strong enough to be international centers of finance, the policy-making implications of that ambition are discussed.
This book will be of interest to scholars and students in development economics, finance, and money and banking, as well as policy-makers and practitioners. Further, international organisations and independent research organisations interested in economic development in general or financial system development issues will also find this book of value.
Tackles policy issues related to financial sector development in ways and at levels often missing in economics and finance textbooks Addresses the major policy-making issues facing African countries in their ambition to have financial systems that are fundamentally sound and stable Contributes to enabling success in policy-making for economic diversification and growth of the African economies
Autor*in
Omotunde E. G. Johnson
Themen in »Financial Sector Development in African Countries«
Macroeconomic policy framework Capital market Financial sector development Economic diversification Financial Inclusion Payment System Sustainable Development Goals Foreign Exchange Market Stock Exchange International Financial Centre money market Fair income distribution Social efficiency