Nonperforming Loans in Sub-Saharan Africa : Causal Analysis and Macroeconomic Implications

This paper investigates the leading causes of nonperforming loans during the economic and banking crises that affected a large number of countries in Sub-Saharan Africa in the 1990s. Empirical analysis shows a dramatic increase in these loans and extremely high credit risk, with significant differen...

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Bibliographic Details
Main Author:	Fofack, Hippolyte L.
Format:	Policy Research Working Paper
Language:	English
Published:	World Bank, Washington, DC 2012
Subjects:	ACCOUNTING ASSET MANAGEMENT ASSET MANAGEMENT COMPANIES BALANCE OF PAYMENTS BANK ACCOUNTING BANK CAPITAL BANKING CRISES BANKING CRISIS BANKING INDUSTRY BANKING SECTOR BANKING SYSTEM BANKS BANQUE CENTRALE DES ETATS DE L'AFRIQUE DE L'OUEST BANQUE DES ETATS DE L'AFRIQUE CENTRALE CAPITAL BASE CAPITAL REQUIREMENT CAPITAL REQUIREMENTS CAPITAL TO ASSET RATIO CENTRAL BANK CENTRAL BANKS COMMERCIAL BANKS COMMODITY PRICES COST OF CAPITAL COUNTRY COMPARISONS CREDIT RISK CREDIT RISKS DEPOSIT INSURANCE DEPOSIT INSURANCE SCHEMES DEPOSITORS DEPOSITS DEREGULATION DIRECT INVESTMENT DOMESTIC CREDIT ECONOMIC GROWTH EMERGING MARKET ECONOMIES EMPIRICAL ANALYSIS EXCHANGE RATES FINANCIAL CRISES FINANCIAL CRISIS FINANCIAL DISTRESS FINANCIAL INFORMATION FINANCIAL INSTITUTIONS FINANCIAL INTERMEDIATION FISCAL DEFICITS GOVERNMENT SUPPORT INDIRECT CHANNELS INFLATION INSIDER LENDING INSOLVENT BANKS INTEREST PAYMENTS INTEREST RATE INTEREST RATES INVESTMENT PROJECTS LENDER OF LAST RESORT LIQUID ASSETS LIQUIDITY MACROECONOMIC STABILITY MATURITIES MATURITY MEASURES OF PROFITABILITY MERCHANT BANKS MERGERS MIDDLE EAST MONETARY AUTHORITIES MONETARY POLICY MORAL HAZARD NET INTEREST MARGIN NONPERFORMING ASSETS NONPERFORMING LOANS OWNERSHIP STRUCTURE PORTFOLIO PORTFOLIOS PREDICTIONS PRIVATE BANKS PRIVATE INVESTMENT PROBLEM BANKS PUBLIC ENTERPRISES REAL ESTATE LOANS REAL INTEREST RATES RECAPITALIZATION RESOURCE MOBILIZATION RETURN ON ASSETS RETURN ON EQUITY RISK ASSESSMENT RISK EXPOSURE RISK MANAGEMENT RUNS ON BANKS SHAREHOLDERS SOLVENCY SPECULATIVE ATTACKS STATE BANKS SUB-SAHARAN AFRICA SUBSTANDARD LOANS SYSTEMIC BANKING CRISES VOLATILITY VULNERABILITY
Online Access:	http://documents.worldbank.org/curated/en/2005/11/6406525/nonperforming-loans-sub-saharan-africa-causal-analysis-macroeconomic-implications http://hdl.handle.net/10986/8498

Internet

http://documents.worldbank.org/curated/en/2005/11/6406525/nonperforming-loans-sub-saharan-africa-causal-analysis-macroeconomic-implications
http://hdl.handle.net/10986/8498

Nonperforming Loans in Sub-Saharan Africa : Causal Analysis and Macroeconomic Implications

Internet

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