Soyibo, Adedoyin; Alashi, S.O.; Ahmad, M.K. - African Economic Research Consortium - 2004
Financial liberalization, apart from increasing the number and varieties of financial institutions, also brought about increased distress in the financial system. As at 1995, there were reports that 60 out of 115 surviving banks (52.2%) were distressed. A very high proportion of non-bank...