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E-raamat: Economics of Banking and Finance in Africa: Developments in Africa's Financial Systems

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This book evaluates the characteristics and developments in Africas financial systems, including monetary policy, structured finance, sustainable finance and banking, FinTech, RegTech, SupTech, inclusive finance, the role of regulation in dealing with banking crises, the impact of the COVID-19 pandemic on Africas financial systems and how to reform the post-COVID-19 financial systems. It is made up of contributions from scholars in finance and economics as well as financial market practitioners.





Banking and the financial markets play a significant role in the growth of various economies. Although a number of handbooks on banking and finance exist, they mainly focus on Europe, America and Asia. Banks and financial markets in Africa are confronted with different challenges and therefore present a unique case to understand Africas financial systems. A number of African countries have experienced banking crises and it is important to examine these issues as well as the regulatory regimes required to address them. This edited book contributes to the limited texts in the area by providing a comprehensive resource on banking and finance for students, scholars, researchers, policymakers, and financial market practitioners. It contains various theoretical and empirical chapters on banking and finance in Africa.
Part I Overview of Banking and Finance
1 Introduction: An Overview of Africa's Financial Systems
3(20)
Joshua Yindenaba Abor
Charles Komla Delali Adjasi
Part II FinTech, Financial Inclusion and Banking Sector Development
2 Inflation, Interest Rates, and Exchange Rates in Africa
23(38)
Matthew Kofi Ocran
Johannes Peyavali Sheefeni Sheefeni
Emmanuel Oduro-Afriyie
3 Bank Market Structure and Competition in Africa
61(40)
James Ntiamoah Doku
Emmanuel Mensah
Zangina Isshaq
Charles Komla Delali Adjasi
4 Financial Inclusion, Banking Sector Development, and Financial Stability in Africa
101(34)
Ebenezer Bugri Anarfo
Miracle Ntuli
Sarah Serwah Boateng
Joshua Yindenaba Abor
5 FinTech and the Future of Banks and Financial Services in Africa
135(48)
Joshua Yindenaba Abor
Peter Quartey
Ahmad Hassan Ahmad
Maxwell Opoku-Afari
Part III Central Bank and Monetary Policy
6 Central Bank Independence, Exchange Rate Regime, Monetary Policy and Inflation in Africa
183(44)
Abel M. Agoba
Vera Fiador
Emmanuel Sarpong-Kumankoma
Jarjisu Sa-Aadu
7 Monetary Policy, Central Banks' Independence, and Financial Development in Africa
227(42)
Joshua Yindenaba Abor
Abel M. Agoba
Zakari Mumuni
Alfred Yawson
8 Bank Market Power and Monetary Policy Transmission in Africa in the Wake of Information Sharing Institutional Arrangements
269(42)
Anthony Adu-Asare Idun
Samuel Kwaku Agyei
Sean J. Gossel
Joshua Yindenaba Abor
9 Monetary Policy and Bank Risk-Taking Behaviour in Africa
311(24)
Agyapomaa Gyeke-Dako
Simon K. Harvey
Gabriel Azu
Haruna Issahaku
10 Bank Pricing Behaviour, Monetary Policy and Inclusive Finance in Africa
335(38)
Mohammed Amidu
Abdul Ganiyu Iddrisu
Alhassan Andani
Benjamin Agyeman
Part IV Structured Finance, Sustainable Finance and Islamic Banking
11 Structured Finance in Africa
373(32)
Ashenafi Fanta
Michael Graham
Daniel Asante-Amponsah
12 Sustainable Finance and Banking in Africa
405(26)
Lordina Amoah
Gloria Clarissa O. Dzeha
Thankom Arun
13 Islamic Banking and Finance in Africa
431(24)
Amin Karimu
Samuel Salia
Abdul-Jalil Ibrahim
Imhotep Paul Alagidede
Part V Banking Crises and Global Banking
14 Explaining Banking Failures in Africa
455(36)
Joshua Yindenaba Abor
Sam Mensah
Baah Aye Kusi
David Mathuva
15 Cross-Border Banking and Banking Crisis in Africa
491(24)
Charles Komla Delali Adjasi
Isaac Ofoeda
Khadijah Iddrisu
Foluso Akinsola
16 Cross-Border Banking, Bank Pricing and Financial Inclusion in Africa
515(40)
Mohammed Amidu
Aisha Mohammed Sissy
Joshua Yindenaba Abor
Simon Wolfe
17 Current Issues in Global Banking and Implications for African Banks
555(26)
Vera Fiador
Kannyiri Thadious Banyen
Mohammed Amidu
Victor Murinde
Part VI Banking Regulation and Supervision
18 Risk Management and Compliance in Banking in Africa
581(24)
Joseph Oscar Akotey
Emmanuel Sarpong-Kumankoma
Kwamina Koranteng Asomaning
Oluseye Samuel Ajuwon
19 Corporate Governance, Regulations and Banking Stability in Africa
605(54)
Elikplimi Komla Agbloyor
Baah Aye Kusi
Patience Aseweh Abor
Collins G. Ntim
20 Macro-Prudential Regulation, Monetary Policy and Systemic Banking Crises in Africa
659(52)
Joshua Yindenaba Abor
Daniel Ofori-Sasu
Joseph G. Nellis
Christopher J. Green
21 Recent Developments in Banking Regulation and Supervision in Africa
711(34)
Jessie A. Abugre
Roseline Misati
Iwa Salami
Stephen Antwi
22 Playing-Catch Up: SupTech and RegTech Developments in Africa
745(52)
Maxwell Opoku-Afari
James Atambilla Abugre
Kwame A. Oppong
Part VII Non-Bank Financial Markets
23 Sustainability, Growth and Impact of Microfinance Institutions in Africa
797(32)
Elikplimi Komla Agbloyor
Simplice A. Asongu
Peter W. Muriu
Alfred Yawson
24 Insurance Markets in Africa
829(32)
Richard Addae-Manu
Michael Graham
25 Pension Markets in Africa
861(34)
Kathryn A. A. O. Assefuah
Nthabiseng Moleko
Joshua Yindenaba Abor
26 On the Determinants of Stock Market Development in Africa
895(34)
Charles Komla Delali Adjasi
Jabir Ibrahim Mohammed
Joseph Dery Nyeadi
Sunil K. Bundoo
27 Bond Market Development in Africa: A Review
929(36)
Isaac Otchere
Daniel Ofori-Sasu
Joshua Yindenaba Abor
28 Private Capital Flows, Domestic Financial Markets and Energy Use in Africa
965(22)
Jephthah O. Osei
Joseph Abor
Patricia A. Ojangole
Joshua Yindenaba Abor
29 Foreign Direct Investment, Stock Market Development, and Inclusive Growth in Selected Sub-Saharan African Countries
987(26)
Saint Kuttu
William Coffie
Chimwemwe Chipeta
Ekow Afedzie
30 The COVTD-19 Pandemic and Africa's Financial Systems: How Do We Reform Post-COVID-19 Financial Systems?
1013(26)
Joshua Yindenaba Abor
Elikplimi Komla Agbloyor
George N. Agyekum Donkor
Angela A. Alu
Index 1039
Joshua Yindenaba Abor  is a financial economist, Professor of Finance and former Dean at University of Ghana Business School. He is an External Fellow at the Centre for Global Finance, SOAS University of London. He has held Visiting Scholar positions at the IMF and is a member of the Monetary Policy Committee of the Bank of Ghana.





Charles Komla Delali Adjasi is a Professor of Development Finance and Economics at Stellenbosch University Business School, where he was former Head of Development Finance Programmes. He is an Afreximbank Research Fellow, a Visiting Professor at ENSEA Cote dIvoire and was previously a Visiting Professor/Scholar at University of Groningen and the IMF.