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 Africas Financial Systems.- PART II: FinTech, Financial Inclusion and
Banking Sector Development.-
2. Inflation, Interest Rates and Exchange Rates
in Africa.-
3. Bank Market Structure and Competition in Africa.-
4. Financial
Inclusion, Banking Sector Development and Financial Stability in Africa.-
5.
FinTech and the Future of Banks and Financial Services in Africa.- PART III:
Central Bank and Monetary Policy.-
6. Central Bank Independence, Exchange
Rate Regime, Monetary Policy and Inflation in Africa.-
7. Monetary Policy,
Central Banks Independence and Financial Development in Africa.-
8. Monetary
Policy, Institutions and Bank Market Power in Africa.-
9. Monetary Policy and
Bank Risk-Taking in Africa.-
10. Bank Pricing Behaviour, Monetary Policy and
Inclusive Finance in Africa.- PART IV: Structured Finance, Sustainable
Finance and Islamic Banking.-
11. Structured Finance in Africa.-
12.
Sustainable Finance andBanking in Africa.-
13. Islamic Banking and Finance in
Africa.- PART V: Banking Crises and Global Banking.-14. Explaining Banking
Failures in Africa.-
15. Banking Crises and Cross-Border Bank Expansion in
Africa.-
16. Cross-Border Banking, Bank Pricing and Financial Inclusion in
Africa.-
17. Current Issues in Global Banking and Implications for African
Banks.- PART VI: Banking Regulation and Supervision.-
18. Risk Management and
Compliance in Banking in Africa.-
19. Corporate Governance, Regulation and
Bank Stability in Africa.-
20. Macro-Prudential Regulation, Monetary Policy
and Systemic Banking Crises in Africa.-
21. Recent Developments in Banking
Regulation and Supervision.-
22. Playing Catch-up: Regulators Adoption of
SupTech and RegTech in Keeping up to FinTech in Africa.- PART VII: Non-Bank
Financial Markets.-
23. Sustainability and Growth of Microfinance
Institutions in Africa.-
24. Insurance Markets in Africa.-
25. Pension
Markets in Africa.-
26. On the Determinants ofStock Market Development in
Africa .- 27. Bond Market Development in Africa: Determinants and Key
Issues.-
28. Capital Market Development, Foreign Direct Investment and
Infrastructure Development.-
29. Foreign Capital Flows, Domestic Capital
Markets and Energy in Africa .-
30. COVID-19 Pandemic and Africas Financial
Systems: How do we reform the Post-COVID-19 Financial Systems?
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.
