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dc.contributor.authorFrey, Leoen_US
dc.contributor.authorVolz, Ulrichen_US
dc.date.accessioned2011-07-15T14:21:57Z-
dc.date.available2011-07-15T14:21:57Z-
dc.date.issued2011en_US
dc.identifier.urihttp://hdl.handle.net/10419/48355-
dc.description.abstractThis paper examines the effects of political agreements on regional financial integration (RFI) on financial market development and access to and cost of finance in Sub-Saharan Africa. Our results suggest that RFI positively affects financial development - measured very broadly as the size of the financial sector, including the liabilities of the central banks - when combined with a sufficient level of institutional quality. If institutional quality is below a threshold level, RFI apparently has negative effects on financial development. However, we can find no significant effects of RFI on the size of the private financial sector or on the efficiency of the banking sector. Regarding the effects of RFI on access to and costs of finance of enterprises in SSA, our results are mixed. We can find no significant effect of RFI on access to finance for all firms in the aggregate, but the results indicate that RFI actually impedes small firms' access to finance. Furthermore, there is a significant positive influence of foreign bank involvement on the severity of the credit constraint for small enterprises, while we don't find such an influence for large enterprises. These results provide some support for the foreign bank barrier hypothesis in the context of RFI.en_US
dc.language.isoengen_US
dc.publisherZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften, Leibniz-Informationszentrum Wirtschaft Kiel und Hamburgen_US
dc.relation.ispartofseriesProceedings of the German Development Economics Conference, Berlin 2011 29en_US
dc.subject.jelG21en_US
dc.subject.jelF36en_US
dc.subject.jelO16en_US
dc.subject.ddc330en_US
dc.subject.keywordRegional financial integrationen_US
dc.subject.keywordSub-Saharan Africaen_US
dc.subject.keywordfinancial developmenten_US
dc.subject.keywordaccess to financeen_US
dc.titleRegional Financial Integration in Sub-Saharan Africa - An Empirical Examination of its Effects on Financial Market Developmenten_US
dc.typeConference Paperen_US
dc.identifier.ppn665324391-
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
dc.identifier.repecRePEc:zbw:gdec11:29-
Appears in Collections:Proceedings of the German Development Economics Conference, 2011 (Berlin)

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