Christensen, JakobGulde, Anne-MariePattillo, Catherine2012-08-132012-08-132006-07https://hdl.handle.net/10986/9601Sound, deep, and efficient financial sectors are vital for high sustained, private sector-led growth. But financial sectors in their current form pose major problems for the economies of sub Saharan Africa (SSA). Insufficient access to credit by small and medium- sized enterprises constrains their ability to expand and limits countries' growth potential. Most households cannot build formal savings, so their ability to escape poverty by investing in education or housing is limited.CC BY 3.0 IGOACCESS TO BANKACCESS TO CREDITACCESS TO FINANCIAL SERVICESACCOUNTINGACCOUNTING PRACTICESADVANCED TECHNOLOGYASSET RATIOSBANK DEBTBANK FINANCINGBANK LENDINGBANK SERVICESBANKING LAWSBANKING SECTORBANKING SECTOR EFFICIENCYBANKING SYSTEMBANKING SYSTEMSBORROWINGBRANCH NETWORKCAPITAL ACCOUNTCAPITAL ACCOUNT LIBERALIZATIONCAPITAL ASSETCAPITAL INFLOWCAPITAL INFLOWSCENTRAL BANKCENTRAL BANKSCOLLATERALCOLLATERALIZATIONCOMMERCIAL BANKCOMMERCIAL BANK ASSETSCOMMERCIAL BANK LENDINGCOMMERCIAL BANKSCOMMERCIAL CONTRACTCOMMERCIAL DEBTCOMMERCIAL LAWSCOMMERCIAL PAPERCOMPETITIVE MARKETCONSUMERCONSUMER CREDITCORPORATE FINANCINGCREDIT AGENCIESCREDIT INFORMATIONCREDIT INFORMATION BUREAUSCREDIT PRODUCTSCREDIT REPORTSCREDITORSDEBT INSTRUMENTSDEBT ISSUESDEBT RELIEFDEPOSITDEPOSIT ACCOUNTDEPOSIT RATESDEPOSITSDEVELOPMENT BANKSDOMESTIC BANKSDOMESTIC DEBTDOMESTIC DEBT MARKETSEARNINGSECONOMIC OPPORTUNITIESECONOMIES OF SCALEEMERGING MARKETSENFORCEABILITYENFORCEABILITY OF CONTRACTSEXPORT CREDITFINANCE COMPANIESFINANCIAL DECISIONSFINANCIAL DEEPENINGFINANCIAL INSTITUTIONSFINANCIAL INSTRUMENTSFINANCIAL INTEGRATIONFINANCIAL INTERMEDIATIONFINANCIAL MARKETFINANCIAL MARKET DEVELOPMENTFINANCIAL MARKETSFINANCIAL REFORMSFINANCIAL SECTORFINANCIAL SECTOR INFRASTRUCTUREFINANCIAL SECTOR REFORMFINANCIAL SECTOR REFORMSFINANCIAL SECTORSFINANCIAL SYSTEMFINANCIAL SYSTEMSFISCAL MANAGEMENTFISCAL POSITIONSFIXED COSTSFOREIGN BANKSFOREIGN DIRECT INVESTMENTFOREIGN INVESTORSFOREIGN PORTFOLIOFOREIGN PORTFOLIO INVESTMENTFORMAL SAVINGSGLOBAL FINANCIAL SYSTEMGLOBALIZATIONGOVERNMENT DEBTGOVERNMENT DEBT SECURITIESGOVERNMENT FINANCIAL INSTITUTIONSGOVERNMENT SECURITIESGROUP GUARANTEESHARMONIZATIONHIGH INTEREST RATESHOUSEHOLD DEPOSITSHOUSEHOLDSHOUSINGIMPLICIT TAXINCOMEINDUSTRIAL COUNTRIESINSURANCEINSURANCE COMPANIESINTEREST EARNINGSINTEREST RATEINVESTINGINVESTOR BASEINVESTOR INTERESTJUDICIAL SYSTEMSLAND TITLINGLEGAL ENVIRONMENTSLEGAL FRAMEWORKSLENDING INTEREST RATESLIQUIDITYLOANLOAN PORTFOLIOLOAN REPAYMENTMACROECONOMIC PERFORMANCEMACROECONOMIC POLICIESMARKET CAPITALIZATIONMARKET CONDITIONSMARKET DEVELOPMENTMARKET EFFICIENCYMARKET ENTRYMARKET SIZEMEDIUM ENTERPRISESMFIMFISMICROFINANCEMICROFINANCE INSTITUTIONSMIDDLE-INCOME COUNTRIESMINIMUM DEPOSITMOBILE PHONEMONETARY FUNDMONETARY POLICYMONEY TRANSFERMORTGAGEMORTGAGE FINANCEMOVABLE PROPERTYNATIONAL TREASURIESNEW MARKETSNONBANK FINANCIAL INSTITUTIONSOPERATING COSTSOUTREACHOVERDUE LOANSPAYMENT SYSTEMSPENSIONPENSION FUNDSPOST OFFICESPOSTAL SAVINGSPOVERTY RATESPRIVATE SECTOR CREDITPRIVATE SECTOR DEVELOPMENTPROFITABILITYPROPERTY RIGHTSPUBLIC POLICYPUBLIC REGISTRIESPUSH FACTORSRAPID GROWTHREGIONAL BANKSREGULATORY FRAMEWORKSREGULATORY RESTRICTIONSREGULATORY SYSTEMSREMITTANCEREMITTANCE SERVICESREMITTANCESRESERVERESERVE REQUIREMENTSRETURNSRISK DIVERSIFICATIONRISK MANAGEMENTRISK MANAGEMENT TOOLSRISK WEIGHTSALESSAVERSSAVINGS ACCOUNTSAVINGS ACCOUNTSSAVINGS BANKSSECONDARY MARKETSSECURITIESSENIORSMALL BRANCHSMALL-SCALE SAVINGSSPECIALIZED BANKSSTOCK MARKETSSUB-SAHARAN AFRICATAXTAX EXEMPTIONTELECOMMUNICATIONSTREASURYTREASURY BILLTREASURY BILLSTURNOVERTYPES OF FINANCEUNIONUNIONSURBAN AREASWORKING CAPITALWorld Bank10.1596/9601