Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/63428
Authors: 
Geda, Alemayehu
Year of Publication: 
2006
Series/Report no.: 
Research Paper, UNU-WIDER, United Nations University (UNU) 2006/112
Abstract: 
Since 1992 Ethiopia has been engaged in liberalizing its financial sector. The hallmark of the strategy is gradualism. The approach is not without problems especially from Bretton Woods Institutions that saw the reform as a sluggish process. This study examines this liberalization program by analyzing the performance of the sector before and after the reform. The study notes that given the nascent development of the financial sector in the country, the relatively good shape in which the existing financial institutions find themselves, and given that supervision and regulation capacity of the regulating agency is weak, the government’s strategy of gradualism and its over all reform direction is encouraging. However, we argue for charting out clearly defined time frame for liberalization and exploring the possibility of engaging with foreign banks to acquire new technology that enhance the efficiency of the financial sector in general and the banking sector in particular.
Subjects: 
financial sector development
growth
banking
financial liberalization
Ethiopia
Africa
JEL: 
G20
G21
G32
O16
ISBN: 
9291908967
Document Type: 
Working Paper

Files in This Item:
File
Size
155.76 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.