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This paper examines empirically the determinants of financial market development in Africa with an emphasis on banking … risk are the main determinants of banking sector development in Africa, and that stock market liquidity, domestic savings …
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This paper estimates factors affecting demand for Fund financing by Low-Income Countries (LICs) in response to policy and exogenous shocks. Various economic variables including reserve coverage, current account balance to GDP, real GDP growth, macroeconomic stability, and terms of trade shocks...
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