 |
| | | Title | Financial Sector Development in the IGAD Region | | Author | Abdi, Ali I. ; Aragie, Emerta | | Subject | Financial Sector Development | | Date of Publication | 2012 | | Publisher | The Horn Economic and Social Policy Institute (HESPI) | | Number of Pages | 39 pages | | Language | English | | Geographical Coverage | Ethiopia | | Keywords | Financial Development and Growth, Monetary Policy, Banks and Banking, Regional Integration, IGAD, RECs, Horn of Africa | | Abstract | Financial development and domestic capital formation are principal driving forces behind any country’s sustainable growth, and effective financial institutions are important facilitators. Financial institutions are the key channel between savings and investment, and their efficiency is a key determinant of a country’s economic growth. This strong positive relation between financial sector development and economic growth has been supported by theoretical and empirical studies. The countries with advanced economies exhibit well developed and mature financial systems and dual causality is postulated in economic literature. | | Copyright Holder | The Horn Economic and Social Policy Institute (HESPI) | | Copyright URL | http://www.hespi.org | | Filesize | 1035103 MB | | File Format | PDF | | [ View / download original document ] |
|
