How Global Financial Markets Affect Sub-Saharan Africa

This paper uses a unique database covering 44 countries in sub-Saharan Africa between 2000 and 2007 to study the determinants of the allocation and composition of private capital flows across countries, as well as channels through which these flows could affect growth. In the sample, the degree of f...

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Main Authors:	Delechat, Corinne, Ramirez, Gustavo, Wagh, Smita, Wakeman-Linn, John
Format:	Journal Article
Language:	EN
Published:	2012
Subjects:	Financial Markets and the Macroeconomy E440 International Investment Long-term Capital Movements F210 Financial Crises G010 Economic Development: Financial Markets Saving and Capital Investment Corporate Finance and Governance O160 International Linkages to Development Role of International Organizations O190
Online Access:	http://hdl.handle.net/10986/5630

id	okr-10986-5630
recordtype	oai_dc
spelling	okr-10986-56302021-04-23T14:02:23Z How Global Financial Markets Affect Sub-Saharan Africa Delechat, Corinne Ramirez, Gustavo Wagh, Smita Wakeman-Linn, John Financial Markets and the Macroeconomy E440 International Investment Long-term Capital Movements F210 Financial Crises G010 Economic Development: Financial Markets Saving and Capital Investment Corporate Finance and Governance O160 International Linkages to Development Role of International Organizations O190 This paper uses a unique database covering 44 countries in sub-Saharan Africa between 2000 and 2007 to study the determinants of the allocation and composition of private capital flows across countries, as well as channels through which these flows could affect growth. In the sample, the degree of financial market development is an important determinant of the distribution of capital flows across countries, as opposed to property rights institutions. The fairly consistent positive association between net capital flows and growth for sub-Saharan African countries is encouraging, though the data do not allow for making conclusive inferences about a causality relationship. 2012-03-30T07:33:45Z 2012-03-30T07:33:45Z 2010 Journal Article Imf Staff Papers 10207635 http://hdl.handle.net/10986/5630 EN http://creativecommons.org/licenses/by-nc-nd/3.0/igo World Bank Journal Article
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	EN
topic	Financial Markets and the Macroeconomy E440 International Investment Long-term Capital Movements F210 Financial Crises G010 Economic Development: Financial Markets Saving and Capital Investment Corporate Finance and Governance O160 International Linkages to Development Role of International Organizations O190
spellingShingle	Financial Markets and the Macroeconomy E440 International Investment Long-term Capital Movements F210 Financial Crises G010 Economic Development: Financial Markets Saving and Capital Investment Corporate Finance and Governance O160 International Linkages to Development Role of International Organizations O190 Delechat, Corinne Ramirez, Gustavo Wagh, Smita Wakeman-Linn, John How Global Financial Markets Affect Sub-Saharan Africa
relation	http://creativecommons.org/licenses/by-nc-nd/3.0/igo
description	This paper uses a unique database covering 44 countries in sub-Saharan Africa between 2000 and 2007 to study the determinants of the allocation and composition of private capital flows across countries, as well as channels through which these flows could affect growth. In the sample, the degree of financial market development is an important determinant of the distribution of capital flows across countries, as opposed to property rights institutions. The fairly consistent positive association between net capital flows and growth for sub-Saharan African countries is encouraging, though the data do not allow for making conclusive inferences about a causality relationship.
format	Journal Article
author	Delechat, Corinne Ramirez, Gustavo Wagh, Smita Wakeman-Linn, John
author_facet	Delechat, Corinne Ramirez, Gustavo Wagh, Smita Wakeman-Linn, John
author_sort	Delechat, Corinne
title	How Global Financial Markets Affect Sub-Saharan Africa
title_short	How Global Financial Markets Affect Sub-Saharan Africa
title_full	How Global Financial Markets Affect Sub-Saharan Africa
title_fullStr	How Global Financial Markets Affect Sub-Saharan Africa
title_full_unstemmed	How Global Financial Markets Affect Sub-Saharan Africa
title_sort	how global financial markets affect sub-saharan africa
publishDate	2012
url	http://hdl.handle.net/10986/5630
_version_	1764395740201746432

How Global Financial Markets Affect Sub-Saharan Africa

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