Studies in financial sector reforms, financial stability and economic development in sub-Saharan Africa

Bolarinwa, Segun Thompson (2023) Studies in financial sector reforms, financial stability and economic development in sub-Saharan Africa. Doctoral thesis, University of East Anglia.

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Abstract

This Ph.D. thesis, which is based on 13 peer-reviewed publications, serves as the foundation for a comprehensive analysis of the intricate relationships between financial sector reforms, financial stability, and economic development in Sub-Saharan Africa (SSA). It significantly enhances our comprehension of the complex dynamics that mould the economic trajectory of the region.

The primary objective of the papers is to devise financial sector reforms that align with the cultural, environmental, and developmental requirements of diverse African nations. The thesis acknowledges the importance of formulating financial policies that are tailored to the distinct characteristics of the African environment, its diverse cultures, and its developmental needs. By utilizing both firm-level and macro data, the papers examine issues related to the impact of financial reforms, such as the case of Nigerian banking recapitalization in 2005, on competition, efficiency, and nonperforming loans. It explores how these appropriate financial reforms contribute to the development of the financial sector and result in poverty reduction and decreased inequality. Notably, one of the papers constructs a financial development indicator specifically designed for Africa.

The papers employ a range of analytical techniques, including System Generalized Method of Moments (SGMM), Stochastic Frontier Analysis (SFA), and dynamic panel threshold techniques. These methods establish the analytical foundation for investigating the effects of financial sector reforms on financial development, stability, and subsequent economic outcomes. The findings from the studies demonstrate that the implementation of suitable financial sector reforms not only fosters the evolution of the financial sector, but also significantly contributes to overall economic development. Importantly, these reforms play a pivotal role in mitigating poverty and reducing inequality throughout the region.

In conclusion, this Ph.D. thesis offers valuable insights into the intricate dynamics of financial sector reforms and their profound impact on economic development in SSA. The research provides a nuanced understanding of the unique challenges and opportunities in the region, highlighting the importance of context-specific financial policies for sustainable development.

Item Type: Thesis (Doctoral)
Uncontrolled Keywords: Publication
Faculty \ School: Faculty of Social Sciences > Norwich Business School
Depositing User: Chris White
Date Deposited: 04 Jan 2024 11:15
Last Modified: 04 Jan 2024 13:19
URI: https://ueaeprints.uea.ac.uk/id/eprint/94068
DOI:

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