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Financial Sector Development in African Countries: Major Policy Making Issues

Financial Sector Development in African Countries: Major Policy Making Issues

Paperback

EconomicsInvesting & Finance

ISBN10: 3030329402
ISBN13: 9783030329402
Publisher: Palgrave Pivot
Published: Jan 30 2021
Pages: 142
Weight: 0.43
Height: 0.33 Width: 5.83 Depth: 8.27
Language: English

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.

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