Financial Depth in the WAEMU: Benchmarking Against Frontier SSA Countries

Ahokpossi, Calixte; Ismail, Kareem; Karmakar, Sudipto; Koulet-Vickot, Mesmin

doi:10.2139/ssrn.2304104

Cited by 2 publications

(4 citation statements)

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“…Countries with more extensive and higher population densities may have higher levels of financial inclusion -deeper financial penetration and lower costs of financial intermediation (e.g., Shapoval et al [34]). The structure of the population by age and employment (for example, the share of the unemployed young and old population) affects the amount of savings and credit schemes [35].…”

Section: Determinants Of Financial Depthmentioning

confidence: 99%

“…Monetary authorities' policies can affect the financial environment, namely macroeconomic and institutional policies (regulatory and supervisory policies, accounting and disclosure practices, contract enforcement, etc. ), and other financial sector reforms that can contribute to the liberalization of financial markets or increase competition in them [35]. In turn, the central bank's independence and the transparency of its monetary policy are linked to the level of confidence and inflationary expectations of market participants.…”

Section: Determinants Of Financial Depthmentioning

confidence: 99%

“…As GDP grows, the demand for financial services increases, leading to better financial deepening. In addition, low inflation is a sign of macroeconomic stability, favouring financial intermediation [35]. Boyd et al highlight the non-linear relationship between inflation and financial development and that at moderate rates of inflation (15 %), the negative impact of inflation on financial depth is neutralized [36].…”

Section: Determinants Of Financial Depthmentioning

confidence: 99%

“…Internet coverage is used as an indicator of infrastructure development, which reduces banks' costs and helps improve the population's geographical coverage. In addition, adequate Internet coverage indicates a reliable telecommunications infrastructure, which is critically essential for banking operations and transfers [35]. Institutional factors include the level of legal restrictions on cash/non-cash payments, the level of legal and organizational/operational availability of credit transactions [38]; the level of efficiency and transparency of the functioning of the central bank.…”

Section: Political and Institutional Factorsmentioning

confidence: 99%

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Financial Depth-Economic Growth Nexus in Ukraine

2022

Problems of Innovation and Investment Development

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This book is dedicated to the ongoing debate on the nature of the relationship between financial depth and economic growth. It addresses the theoretical underpinnings of financial depth and reflects the changes in the nature of financial depth-economic growth nexus before and after the GFC. The distinctions between the financial depth-economic growth nexus in Ukraine and other countries, based on their income level, are identified. The dynamics and structure of Ukraine's state lending and debt are examined in order to show mutual connections between financial depth, economic growth and debt burden. The empirical study of the financial depth-economic growth nexus has allowed revealing that "too much finance" hypothesis does not hold for Ukraine, meanwhile, confirming the existence of the relationship between financial openness and financial deepening. The study is concluded with the analysis of the impact of war on the financial depth-economic growth nexus in Ukraine. This book will be a valuable resource for graduate students and academic researchers whose focus is on the financial and economic development.

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Section: Determinants Of Financial Depthmentioning

confidence: 99%

Section: Determinants Of Financial Depthmentioning

confidence: 99%