African Finance in the 21st Century

List of Tables of Figures Notes on Contributors Foreword; L.Lipschitz Introduction and Overview; M.Quintyn & G.Verdier PART I: FINANCE IN AFRICA - DEVELOPMENTS, DIAGNOSIS AND DETERMINANTS The Finance-Growth Nexus: Theory, Evidence and Implications for Africa; S.Haber Finance in Africa: A Diagnosis; P.Honohan Developing a Sound Banking System; L.Kasekende Financial Deepening in the CFA Franc Zone: Role of Institutions; D.Ghura, R.J.Singh & R.Kpodar From Informal Finance to Formal Finance Lessons from Linkage Efforts; E.Aryeetey & A.Pokuaa Fenny Stock Markets in Africa; L.Senbet & I.Otchere PART II: FINANCE IN AFRICA - POLICY ISSUES AND CASE STUDIES Regulatory Frameworks in Sub-Saharan Africa: Ensuring Efficiency and Soundness; I.Lukonga & S.Kal Wajid Building Supervisory Structures in Africa An Analytical Framework; M.Quintyn & M.Taylor Regional Financial Integration as an Engine for Financial Development; J.Wakeman-Linn & S.Wagh Access to Finance in Africa Consolidating the Positive Trends; J.Isern, E.Lahaye & A.Linthorst Developing Credit Reporting in Africa: Opportunities and Challenges; N.Mylenko Case Study on Microfinance Institutions in Madagascar: Policies for a Viable Sector; E.Andrianasolo Financial Sector Development Program: the Case of Rwanda; C.Rusagara Notes Bibliography Index