The Road Ahead: Sustainability of Bank Reforms

Seth Apati

Chapter 8 in The Nigerian Banking Sector Reforms, 2012, pp 158-178 from Palgrave Macmillan

Abstract: Abstract The objective of any banking reform is to enable citizens to have wider access to credit and financial services in an efficient and sustainable way. Any other focus of reforms can only be short-term, tentative, or otherwise misguided. In a developing country where growth has been anaemic, and the average citizen cynical and impatient due to the inability of past governments to fulfil their promises, the success of a reform effort will depend on the transparency of the reformer — to prove that there is no hidden agenda — and on an ability to demonstrate a long-term road map to galvanize public interest. On the other hand, if the reform effort is largely dependent on the charisma or personality of the reformer — be it the president or the governor of the Central Bank — achieving reforms can be volatile, laborious, and often discouraging.

Keywords: Monetary Policy; Reform Effort; Sovereign Wealth Fund; Asset Price Bubble; Banking Reform (search for similar items in EconPapers)
Date: 2012
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:pmschp:978-0-230-30535-9_8

Ordering information: This item can be ordered from
http://www.palgrave.com/9780230305359

DOI: 10.1057/9780230305359_8

Access Statistics for this chapter

More chapters in Palgrave Macmillan Studies in Banking and Financial Institutions from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().