Fuchs, MichaelBeck, ThorstenUy, Marilou2012-03-192012-03-192009-08-01https://hdl.handle.net/10986/4212In spite of shallow financial markets, Sub-Saharan Africa will not escape the repercussions of the global financial crisis. The global turmoil threatens the progress Sub-Saharan Africa has made in financial sector deepening and broadening over the recent years and underlines the importance of continuing and deepening the necessary institutional reforms. In this context it is important to define the role of government in expanding financial sectors in a sustainable and market-friendly manner. Foreign banks have brought more benefits than risks for their host economies in Sub-Saharan Africa, but are certainly not a panacea and not a substitute for institutional and policy reform. The profile of foreign banks, however, has changed, with more and more regional banks emerging. This trend toward regional integration is promising as it might allow the small African financial system to reap benefits from scale economies, but it also requires regulatory and supervisory improvements and coordination across the region.CC BY 3.0 IGOACCOUNT HOLDERSACCOUNTINGASSET POSITIONSASSET VALUESBAILOUTSBALANCE SHEETBANK ACCOUNTBANK ACCOUNTSBANK BRANCHBANK DEPOSITSBANK OF TANZANIABANK PRIVATIZATIONBANK REGULATIONBANKING SECTORSBANKING SERVICESBANKING SYSTEMBANKING SYSTEMSBANKRUPTCYBANKRUPTCY LEGISLATIONCAPITAL ACCOUNTCAPITAL ACCOUNT LIBERALIZATIONCAPITAL ACCOUNT RESTRICTIONSCAPITAL FLOWSCAPITAL INFLOWSCAPITAL MARKETCAPITAL MARKET DEVELOPMENTCAPITAL MARKETSCAPITAL REQUIREMENTSCENTRAL BANKSCHECKING ACCOUNTCHECKING ACCOUNTSCIVIL CODECOLLATERALCOLLATERAL REGISTRIESCOMMODITY PRICECOMMODITY PRICESCONTRACT ENFORCEMENTCOORDINATION FAILURESCORPORATE BONDCORPORATE BOND ISSUESCORPORATE DEBTCORPORATE DEBT MARKETSCOUNTRY COMPARISONSCREDIT COOPERATIVESCREDIT GUARANTEECREDIT PROGRAMSCREDIT RATINGCREDIT RATING AGENCIESCREDIT RISKCREDITORCREDITOR RIGHTSDEBTDEBT CONTRACTDEPOSITDEPOSIT INSURANCEDEPOSIT INSURANCE SCHEMESDEPOSIT INTERESTDEPOSITORSDEPOSITSDERIVATIVEDERIVATIVE INSTRUMENTSDEVELOPING COUNTRIESDEVELOPING COUNTRYDEVELOPMENT BANKDEVELOPMENT FINANCEDIRECTED CREDITDISCLOSURE STANDARDSDISPUTE RESOLUTIONECONOMIC DEVELOPMENTEMERGING ECONOMIESEMERGING MARKETEMERGING MARKET DEBTEMERGING MARKETSENFORCEMENT MECHANISMSENFORCEMENT POWERSENTRY BARRIERSEXPORTERSEXPROPRIATIONEXTERNAL FINANCEFACTORINGFINANCIAL CRISESFINANCIAL CRISISFINANCIAL DEEPENINGFINANCIAL DISTRESSFINANCIAL INSTITUTIONFINANCIAL INSTITUTIONSFINANCIAL INTEGRATIONFINANCIAL MARKETFINANCIAL MARKET PARTICIPANTSFINANCIAL MARKETSFINANCIAL SECTOR DEVELOPMENTFINANCIAL SERVICE PROVIDERSFINANCIAL SERVICESFINANCIAL SYSTEMFINANCIAL SYSTEMSFISCAL DISCIPLINEFIXED COSTSFOREIGN BANKSFOREIGN DIRECT INVESTMENTFOREIGN INVESTORSGLOBAL ECONOMYGLOBALIZATIONGOVERNMENT GUARANTEESGOVERNMENT INTERVENTIONGOVERNMENT INTERVENTIONSGOVERNMENT INVOLVEMENTGOVERNMENT OWNERSHIPGOVERNMENT POLICIESHOST ECONOMIESHOUSEHOLD INCOMEINCOME LEVELINFLATIONINFRASTRUCTURE FINANCINGINITIAL PUBLIC OFFERINGSINTEREST COSTSINTEREST RATEINTEREST RATE SPREADSINTEREST RATESINTERNATIONAL BANKINTERNATIONAL BANKSINTERNATIONAL CAPITALINTERNATIONAL FINANCIAL INSTITUTIONSINTERNATIONAL FINANCIAL MARKETSINTERNATIONAL TRADEINVESTMENT BANKSLACK OF COMPETITIONLAWSLEGAL SYSTEMLEGAL TRADITIONLEGISLATIONLENDERLENDER-OF-LAST-RESORTLENDING INTEREST RATESLIQUIDITYLIQUIDITY MANAGEMENTLOANLOAN CLASSIFICATIONLOCAL CAPACITYLOCAL FINANCIAL INSTITUTIONSLONG-TERM FINANCEMACROECONOMIC STABILITYMARKET ENTRYMARKET PLAYERSMARKET SIZEMARKET STRUCTUREMINISTRIES OF FINANCEMONETARY STABILITYMORAL HAZARDMORAL SUASIONNATURAL RESOURCESNEW ENTRANTSNON-PERFORMING LOANSOFFSHORE FINANCIAL CENTERSOPERATIONAL INDEPENDENCEOVERHEAD COSTSPARTIAL CREDITPAYMENT SERVICESPAYMENT SYSTEMPAYMENT SYSTEMSPENSIONPENSION REFORMPOLITICAL VOLATILITYPOSTAL SAVINGSPRIVATE BANKSPRIVATE CAPITALPRIVATE CAPITAL INFLOWSPRIVATE CREDITPRIVATE LENDERSPRIVATIZATIONPRODUCTIVITYPROFITABILITYPROPERTY RIGHTSRATING AGENCIESREAL SECTORRECAPITALIZATIONREGIONAL BANKSREGIONAL FINANCIAL INSTITUTIONSREGULATORY AUTHORITIESREGULATORY FRAMEWORKREGULATORY FRAMEWORKSREMITTANCEREPAYMENTSRESERVESRESOURCE ALLOCATIONRETURNSRISK SHARINGRISK TAKINGSAVINGSSAVINGS ACCOUNTSAVINGS ACCOUNTSSAVINGS BANKSAVINGS BANKSSECONDARY MARKETSSECURITIESSTOCK EXCHANGESTOCK EXCHANGESSTOCK MARKETSTOCK MARKETSSUBSIDIARIESSUBSIDIARYSUPERVISORY AUTHORITIESSUPERVISORY FRAMEWORKTANGIBLE ASSETSTAXTELECOMMUNICATIONSTERRORISMTRANSACTIONTRANSITION ECONOMIESTRANSPORTWITHDRAWALWorld Bank10.1596/1813-9450-5020