Regional Financial Integration In Africa Cross Listings As A Form Of Regional Financial Integration PDF Download
Are you looking for read ebook online? Search for your book and save it on your Kindle device, PC, phones or tablets. Download Regional Financial Integration In Africa Cross Listings As A Form Of Regional Financial Integration PDF full book. Access full book title Regional Financial Integration In Africa Cross Listings As A Form Of Regional Financial Integration.
Author | : Moses Wisdom Chisadza |
Publisher | : diplom.de |
Total Pages | : 112 |
Release | : 2014-02-01 |
Genre | : Business & Economics |
ISBN | : 3954897210 |
Download Regional financial Integration in Africa: Cross-listings as a form of regional financial integration Book in PDF, ePub and Kindle
This book looks at contemporary issues facing financial markets in Southern Africa. It has been established that African stock markets are confronted with a multitude of problems which include inadequate liquidity, low capitalisation, few market participants, a small number of listed companies and low trading volumes. As a result, their broader economic impact has so far been limited. The Southern Africa Development Community (‘SADC’) stock markets, with the exception of South Africa, are small both in terms of the number of listed companies and market capitalisation, and they display considerable illiquidity. In general, the SADC region has shallow and underdeveloped financial markets. Their development has been hampered by a number of factors which include; political and economic uncertainty, fiscal dominance, weak judicial institutions, limited investment opportunities in the private sector, technological constraints, and the shortage of skilled personnel with expertise in banking and finance.
Author | : United Nations Economic Commission for Africa |
Publisher | : United Nations |
Total Pages | : 310 |
Release | : 2009-01-27 |
Genre | : Political Science |
ISBN | : 9210598806 |
Download Assessing Regional Integration in Africa III Book in PDF, ePub and Kindle
This report finds that although there are some successes, African countries are still experiencing enormous difficulties in achieving the macroeconomic convergence criteria set by their RECs, such as targets on inflation, debt-to-GDP ratio, and deficit-to-GDP ratio. The assessment also indicates that despite some financial developments, African financial market activities remain shallow, with capital markets characterized by low capitalization and liquidity. The report also provides policymakers with recommendations on how to deepen monetary and financial integration on the continent and create an enabling macroeconomic environment for the continent.
Author | : Raphael A. Espinoza |
Publisher | : International Monetary Fund |
Total Pages | : 38 |
Release | : 2009-07 |
Genre | : Business & Economics |
ISBN | : |
Download Regional Financial Integration in the Caribbean: Evidence from Financial and Macroeconomic Data Book in PDF, ePub and Kindle
This paper assesses the extent of regional financial integration in the Caribbean Community (CARICOM) by analyzing equity prices in the region and rigidity of external financing constraints. The results are presented in a cross-regional perspective. The Caribbean stock markets are not as well integrated as one would expect from the extent of cross-listing and importance of regional banking groups: price differentials of cross-listed stocks reach an average of 5 percent. Auto-Regressive models suggest that these price differentials are only slowly arbitraged away, with half-lives exceeding 7 worked days, even when looking only at large arbitrage opportunities (using a Threshold Auto-Regressive model). A speculative methodology using macroeconomic data seems to confirm these findings. A strong mean reversion of the current account (respectively regional trade imbalances) is interpreted, following Obstfeld and Taylor (2004), as a lack of ways to finance current account deficits, i.e. a lack of global (respectively regional) financial integration. The region appears to be much less integrated than the EU15 or the ASEAN+3 groups, although it fares well compared to other LDCs.
Author | : Moses Wisdom Chisadza |
Publisher | : GRIN Verlag |
Total Pages | : 124 |
Release | : 2014-01-17 |
Genre | : Business & Economics |
ISBN | : 3656576475 |
Download The role of cross-listings in establishing a Southern African Development Community regional stock exchange Book in PDF, ePub and Kindle
Master's Thesis from the year 2013 in the subject Economics - Case Scenarios, , course: LLM in International Trade, Investment and Business Law in Africa, language: English, abstract: It has been established that African stock markets are confronted with a multitude of problems which include, inadequate liquidity, low capitalisation, few market participants, a small number of listed companies and low trading volumes. As a result, their broader economic impact has so far been limited. The Southern Africa Development Community (SADC) stock markets with the exception of South Africa are small, both in terms of the number of listed companies and market capitalisation, and they display considerable illiquidity. In general, the SADC region has shallow and underdeveloped financial markets. Their development has been hampered by a number of factors which include; political and economic uncertainty, fiscal dominance, weak judicial institutions, limited investment opportunities in the private sector, technological constraints, and the shortage of skilled personnel with expertise in banking and finance. It is contended that all these problems could be eased through regional financial integration. The integration of African stock markets and the introduction of regional stock exchanges will promote cross-border listings and thus stimulate increased liquidity across markets. Thus, it is suggested that the integration of SADC’s stock markets and the creation of a regional stock exchange is one of the panaceas to overcome Africa’s stock market problems. A regional stock exchange has the potential for tremendous benefits for both local and foreign investors, as well as for business enterprises in the region
Author | : Mr.Paulo Drummond |
Publisher | : International Monetary Fund |
Total Pages | : 308 |
Release | : 2015-01-12 |
Genre | : Business & Economics |
ISBN | : 1498322956 |
Download The Quest for Regional Integration in the East African Community Book in PDF, ePub and Kindle
The countries in the East African Community (EAC) are among the fastest growing economies in sub-Saharan Africa. The EAC countries are making significant progress toward financial integration, including harmonization of supervisory arrangements and practices and the modernization of monetary policy frameworks. This book focuses on regional integration in the EAC and argues that the establishment of a time table for the eliminating the sensitive-products list and establishing a supranational legal framework for resolving trade disputes are important reforms that should foster regional integration.
Author | : United Nations. Economic Commission for Africa |
Publisher | : UN |
Total Pages | : 314 |
Release | : 2008 |
Genre | : Business & Economics |
ISBN | : |
Download Assessing Regional Integration in Africa 2008 Book in PDF, ePub and Kindle
This report finds that although there are some successes, African countries are still experiencing enormous difficulties in achieving the macroeconomic convergence criteria set by their RECs, such as targets on inflation, debt-to-GDP ratio, and deficit-to-GDP ratio. The assessment also indicates that despite some financial developments, African financial market activities remain shallow, with capital markets characterized by low capitalization and liquidity. The report also provides policymakers with recommendations on how to deepen monetary and financial integration on the continent and create an enabling macroeconomic environment for the continent.
Author | : Iwa Salami |
Publisher | : Routledge |
Total Pages | : 177 |
Release | : 2016-04-15 |
Genre | : Law |
ISBN | : 1317135121 |
Download Financial Regulation in Africa Book in PDF, ePub and Kindle
In the wake of the global financial crisis, there has been a worldwide search for alternative investment opportunities, away from advanced markets. The African continent is now one of the fastest-growing economic regions in the world and represents a viable destination for foreign direct and portfolio investment. This book, which is the first comprehensive analysis of financial integration and regulation in Africa, fills a huge gap in the literature on financial regulation and would constitute an invaluable source of information to policy makers, investors, researchers and students of financial regulation from an emerging and frontier markets perspective. It considers how financial integration can facilitate African financial markets to achieve their full potential and provides a comparative study with the EU framework for financial integration and regulation. It assesses the implementation of effective and regional domestic infrastructures and how these can be adapted to suit the African context. The book also provides an assessment of government policies towards the integration of financial regulation in keeping with the regional agenda of the African Union (AU) and the African Economic Community (AEC).
Author | : Faezeh Foroutan |
Publisher | : World Bank Publications |
Total Pages | : 48 |
Release | : 1992 |
Genre | : Africa |
ISBN | : |
Download Regional Integration in Sub-Saharan Africa Book in PDF, ePub and Kindle
The emphasis of regional integration in Sub-Saharan Africa should shift from the integration of goods markets to the regional coordination of macroeconnmic and microeconomic policies, the harmonization of administrative rules and regulations, and the joint provision of public goods. Such steps are likely to make Sub-Saharan African markets more attractive to domestic and foreign investors and to improve economic growth.
Author | : Mr.Emre Alper |
Publisher | : International Monetary Fund |
Total Pages | : 77 |
Release | : 2017-01-13 |
Genre | : Business & Economics |
ISBN | : 1475560354 |
Download A Work in Progress Book in PDF, ePub and Kindle
This paper assesses the extent of economic and financial integration among the East African Community (EAC) along a number of dimensions and, where possible, whether integration has increased in the wake of the major regional integration policy milestones.
Author | : Ms.Jacqueline Irving |
Publisher | : INTERNATIONAL MONETARY FUND |
Total Pages | : 0 |
Release | : 2005-06-01 |
Genre | : Business & Economics |
ISBN | : 9781451861419 |
Download Regional Integration of Stock Exchanges in Eastern and Southern Africa Book in PDF, ePub and Kindle
This paper assesses whether regional cooperation and integration of stock exchanges in eastern and southern Africa could offer a way of overcoming impediments to the exchanges' development. The paper concludes that regional cooperation and, at a later stage, integration, if carried out at the right pace and in a pragmatic way, could improve the liquidity, efficiency, and competitiveness of these exchanges. Further progress in developing national financial markets must precede any actual moves to integrate securities markets. These exchanges could meanwhile benefit from closer cooperation, including by encouraging more crossborder listings and information/technology sharing.