Law and finance in Africa

Simplice Asongu

MPRA Paper from University Library of Munich, Germany

Abstract: This paper assesses how legal-origin influences financial development through regulation quality and the rule of law. It uses data collected after pioneering works on the law-finance nexus to assess hypotheses resulting there-from in the context of Africa. Distinctions are made between English, French, French sub-Saharan, Portuguese and North African countries in how their legal origins affect financial intermediary dynamics of depth, efficiency, size and activity. In terms of policy implications results support the benefits of law channels to financial development in the continent.

Keywords: Law; finance; banks; Africa (search for similar items in EconPapers)
JEL-codes: G2 K2 K4 O1 P5 (search for similar items in EconPapers)
Date: 2011-09-28
New Economics Papers: this item is included in nep-afr, nep-cis, nep-dev, nep-his and nep-law
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (36)

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Related works:
Journal Article: Law and Finance in Africa (2012)
Working Paper: Law and Finance in Africa (2011)
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:34080

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