conducted in Africa, Asia, Europe and Latin America, this book examines the ways in which these private finance actors are …

Africa), income-levels (low, middle, lower-middle and upper-middle), legal-origins (English common-law and French civil …-law) and religious dominations (Christianity and Islam). We examine convergence in financial intermediary dynamics of depth … size respectively. We also provide the speeds of convergence and time necessary to achieve a full (100%) convergence …

In the first critical assessment of convergence in financial development dynamics in Africa, we find overwhelming … Africa), income-levels(low, middle, lower-middle and upper-middle), legal-origins(English common-law and French civil …-law) and religious dominations(Christianity and Islam). We examine convergence in financial intermediary dynamics of depth …

Africa), income-levels (low, middle, lower-middle and upper-middle), legal-origins (English common-law and French civil …-law) and religious dominations (Christianity and Islam). We examine convergence in financial intermediary dynamics of depth … size respectively. We also provide the speeds of convergence and time necessary to achieve a full (100%) convergence …

achieve a full (100 percent) convergence. Practical implications – The presence of strong links among African banking sectors … based on regions (Sub-Saharan and North Africa), income-levels (low, middle, lower-middle and upper-middle), legal …-origins (English common-law and French civil-law) and religious dominations (Christianity and Islam). The paper examines convergence in …