In spite of shallow financial markets, Sub-Saharan Africa will not escape the repercussions of the global financial crisis. The global turmoil threatens the progress Sub-Saharan Africa has made in financial sector deepening and broadening over the recent years and underlines the importance of...

This paper investigates the effects of financial globalization on bank risk by highlighting the role of rollover risk. We extend the canonical rollover risk model by allowing an “active” bank manager to choose excessive risk-taking or systemic risk-shifting actions. Financial globalization...

Cross-border banking and foreign affiliates came to dominate the financial systems of many countries in Eastern Europe, Latin America, and Sub-Saharan Africa in the 1990s. Yet, the regulatory reform agenda, set by countries with limited exposure to foreign banks at home, has largely neglected...