Banking Development in West Africa

Regina Nsang Tawah ()
Additional contact information
Regina Nsang Tawah: Bowie State University

Chapter Chapter 10 in Monetary and Financial Systems in Africa, 2022, pp 217-237 from Springer

Abstract: Abstract This chapter presents the evolution of banking in West Africa, focusing on ties of the West African Economic and Monetary Union (WAEMU) countries to their French colonial heritage and non-WAEMU countries to their British heritage. It includes an overview of the sub region’s financial development and goes beyond to analyze the factors that determine financial development, focusing on the development of the banking sector. The random-effects and fixed-effects models were estimated to determine the factors that account for changes in banking development using panel data for 2007–2017. The results show that governance indicators such as the control of corruption, and regulatory quality, apart from GDP per capita and the interest rate spread, significantly determine banking development. The proxies for banking development include domestic credit to the private sector as a percentage of GDP, bank liquid reserves to bank assets, claims on the central government as a percentage of GDP, and bank branches per 100,000 adults, informing on financial depth, financial access and stability.

Keywords: Banking development; Central Bank of West African States; Regulatory quality; WAEMU; Commercial banking (search for similar items in EconPapers)
Date: 2022
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:spr:sprchp:978-3-030-96225-8_10

Ordering information: This item can be ordered from
http://www.springer.com/9783030962258

DOI: 10.1007/978-3-030-96225-8_10

Access Statistics for this chapter

More chapters in Springer Books from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().