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Banking in Sub-Saharan Africa: What Went Wrong?
Author:
Ms. Françoise Le Gall
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,
Mr. Roland Daumont
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, and
François Leroux null

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Series:
IMF Working Papers
Volume/Issue:
Volume 2004: Issue 055
Language:
English
Publication Date:
01 Apr 2004
DOI:
https://doi.org/10.5089/9781451847659.001
ISBN:
9781451847659
ISSN:
1018-5941
Pages:
49
Keywords:
WP; banking crisis; broad money; private sector; development bank; CFA franc; credit policy; Banking Crises; Africa; Macroeconomic Shocks; Government Policy; Regulation; terms of trade; bank supervisor; risk-management practice; bank capital; bank assets; problem bank; local bank; bank financing; bank performance; Commercial banks; Loans; Credit; Foreign banks; Sub-Saharan Africa; West Africa
Legal-disclaimer:
IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.
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The purpose of this paper is to study the origins of banking crises in sub-Saharan Africa, drawing upon the experience of ten countries during the period 1985-95. It examines, in particular, which factors were the most important sources of these crises. The conclusions underscore that the banking crises examined did not represent an entirely special case-a number of factors identified in the general literature, including macroeconomic shocks, were highly relevant-but note that several of their features were nonetheless specific to this part of the world. These banking crises were the very prototype of endemic crises associated with heavy government intervention in the banking system. In this regard, the paper analyzes the complex role of the government in banking in sub-Saharan Africa, the many channels through which governments intervened, and the economic and institutional environment in which the banks operated.
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Cover IMF Working Papers
IMF Working Papers
ISSN:
1018-5941
Publisher:
International Monetary Fund