FINANCIAL SECTOR REFORMS IN AFRICA Perspectives on Issues and Policies*

Lemma W. Senbet · Isaac Otchere

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Banking stability, regulation, efficiency Monetary Policy and Economic Impact Economic, financial, and policy analysis

Abstract

Most African countries, particularly those in Sub-Saharan Africa, have recently undergone extensive financial sector reforms. The reform package includes interest rate liberalizations, removal of credit ceilings, restructuring and privatization of state-owned banks, introduction of a

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