TY - BOOK ID - 84541521 TI - Measuring Financial Development in Sub-Saharan Africa AU - Gelbard, Enrique. AU - Leite, Sérgio. PY - 1999 SN - 1462382223 145275831X 1281155853 1451898444 9786613777218 PB - Washington, D.C. : International Monetary Fund, DB - UniCat KW - Banks and Banking KW - Finance: General KW - Money and Monetary Policy KW - Financial Markets and the Macroeconomy KW - Financial Institutions and Services: General KW - Economic Development: Financial Markets KW - Saving and Capital Investment KW - Corporate Finance and Governance KW - Monetary Policy KW - Monetary Policy, Central Banking, and the Supply of Money and Credit: General KW - Banks KW - Depository Institutions KW - Micro Finance Institutions KW - Mortgages KW - Finance KW - Monetary economics KW - Banking KW - Financial sector development KW - Monetary policy instruments KW - Commercial banks KW - Bank credit KW - Credit KW - Financial markets KW - Monetary policy KW - Financial institutions KW - Money KW - Financial services industry KW - Banks and banking KW - South Africa UR - https://www.unicat.be/uniCat?func=search&query=sysid:84541521 AB - This study introduces an index for measuring financial development and a set of six indices representing key characteristics of the financial systems in 38 sub-Saharan African countries. The results show that these countries have made good progress in improving and modernizing their financial systems during the last decade, particularly with regard to financial liberalization and the adoption of indirect instruments of monetary policy. In many countries, however, the range of financial products remains extremely limited, interest rate spreads are wide, capital adequacy ratios are insufficient, judicial loan recovery is a problem, and the share of nonperforming loans is large. ER -