Finance for Sustainable Development in Africa: Evolution, Impact and Policy Implications

This book explores the history and evolution of the financial sector in Africa, with a focus on the sub-Saharan region. It covers important research issues such as interest rate and exchange rate reforms, bank-based and market-based financial development, the role of the informal financial sector, and the finance-growth nexus. The book also considers the impact of the COVID-19 pandemic on financial development and presents a forecast of future trends. It is authored by prominent scholars and researchers with deep knowledge of financial development and the local situations in African countries.

Format: Hardback
Length: 322 pages
Publication date: 18 July 2023
Publisher: Taylor & Francis Ltd

Despite some efforts by select African countries to implement financial sector reforms, many nations have yet to fully implement the necessary reforms required for sustainable development. Instead, they have primarily focused on bank-based financial reforms, neglecting market-based financial reforms. This comprehensive study offers a one-stop resource for understanding the history and evolution of the financial sector in Africa, with a special emphasis on the sub-Saharan region, where many countries' financial systems are still in their infancy. The analysis is extensive and robust, covering various key topics such as financial repression, financial liberalization (both internal and external), its role in sustainable development and poverty alleviation.

The book delves into a diverse range of important research issues related to financial development in selected African countries. These include interest rate and exchange rate reforms, the dynamics of bank-based and market-based financial development, the role of the informal financial sector in sustainable development, the finance-growth nexus, the comparison of bank-based and market-based financial sectors in Africa, financial development and information and communication technology, and financial development and gender equality, among other topics. Furthermore, the book explores the relationship between the COVID-19 global pandemic and financial development and concludes with a forecast of future trends in financial and sustainable development on the African continent, particularly in sub-Saharan Africa.

The chapters in this book are written by renowned scholars and researchers in the fields of finance and banking, applied econometrics, and development economics. They possess a deep understanding and expertise in financial development, making this a valuable resource for scholars, policymakers, and practitioners alike. By examining the past, present, and potential future of the financial sector in Africa, this book contributes to our understanding of the challenges and opportunities facing the region in achieving sustainable development.

Weight: 800g
Dimension: 234 x 156 (mm)
ISBN-13: 9781032103778