Financial liberalisation and banking crises in sub-Saharan Africa

This study aims to investigate the causal effect of financial liberalisation policies on the stability of banking sectors in selected countries in Sub Saharan Africa (SSA). The study is motivated by theoretical emphasis on the competing in uence of financial liberalisation in fostering financial development, but also giving rise to financial systems that are more vulnerable to systemic risk. This thesis addresses critical issues concerning measures of nancial liberalisation used in empirical studies. While different research bodies have produced several liberalisation indices, most datasets cover developed and developing countries outside Africa. Most of the existing indices are therefore not useful in cross-country and panel studies in SSA. To address this measurement issue, this thesis constructs a new set of liberalisation indicators using country by country information on the timing of seven liberalisation policies. The study considers 12 SSA countries using the framework developed by Abiad et al. (2008). Thus, this study extends the financial liberalisation database of Abiad et al. (2008) from 14 to 26 SSA countries.

Grantor dc:publisher.institution

School of Economics

Year dc:date.issued

2013

Author dc:creator

• Gamariel, Gladys

Advisor dc:contributor.advisor

• Abraham, Haim

Language dc:language.iso

eng

Handle dc:identifier.uri

http://hdl.handle.net/11427/5786

OAI identifier oai:identifier

oai:open.uct.ac.za:11427/5786