Rendemic uncertainties in developing countries: Issues arising from an increased interdependence between banks and the state

Sylvain Bellefontaine, Cécile Duquesnay, Marion Hémar, Benoît Jonveaux, Emmanuelle Mansart Monat, Meghann Puloc’h, Maxime Terrieux, Alix Vigato, Maëlan Le Goff, Luciana Torrellio and Cécile Valadier

Working Paper from Agence française de développement

Abstract: An increased recourse to financing from the domestic banking sector has proved to be an important source of resilience for many developing countries in their efforts to face expenditures generated by the Covid-19 crisis. The second issue of MacroDev Semestrial Panorama offers an analysis of the consequences of an increase in sovereign indebtedness to the local financial sector and of the risks associated with this closer interconnection between states, central banks and commercial banks. Ten brief country surveys complement the issue and, through a summary of the main economic and financial challenges faced by these countries, illustrate the stakes of financing in developing economies.

Keywords: Cameroun; Éthiopie; Ghana; Kenya; Togo; Brésil; Costa Rica; Indonésie; Liban; République dominicaine (search for similar items in EconPapers)
JEL-codes: E (search for similar items in EconPapers)
Pages: 41
Date: 2022-02-02
New Economics Papers: this item is included in nep-mac
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Published in Macrodev

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