Ethiopia's New Financial Sector and Its Regulation
Ethiopia's New Financial Sector and Its Regulation

Author: Tony Addison

Publisher:

Published: 2014

Total Pages:

ISBN-13:

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War has destroyed the hopes and lives of millions of Africans. How can we help Africa's communities to recover? How can we ensure that recovery from conflict benefits the poor and not just a narrow elite? These are just some of the vital questions asked and answered in this important new book, which is one of the first to thoroughly examine recovery from conflict in Africa.

Domestic Resource Mobilization and Financial Development
Domestic Resource Mobilization and Financial Development

Author: G. Mavrotas

Publisher: Springer

Published: 2008-03-27

Total Pages: 306

ISBN-13: 0230594018

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This book provides insights into the evolving debate regarding the mobilization of domestic resources and the crucial role that financial development can and should play in this regard, exploring aspects of the financial development–domestic resource mobilization nexus, including country case studies.

Powering the Digital Economy: Opportunities and Risks of Artificial Intelligence in Finance
Powering the Digital Economy: Opportunities and Risks of Artificial Intelligence in Finance

Author: El Bachir Boukherouaa

Publisher: International Monetary Fund

Published: 2021-10-22

Total Pages: 35

ISBN-13: 1589063953

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This paper discusses the impact of the rapid adoption of artificial intelligence (AI) and machine learning (ML) in the financial sector. It highlights the benefits these technologies bring in terms of financial deepening and efficiency, while raising concerns about its potential in widening the digital divide between advanced and developing economies. The paper advances the discussion on the impact of this technology by distilling and categorizing the unique risks that it could pose to the integrity and stability of the financial system, policy challenges, and potential regulatory approaches. The evolving nature of this technology and its application in finance means that the full extent of its strengths and weaknesses is yet to be fully understood. Given the risk of unexpected pitfalls, countries will need to strengthen prudential oversight.

The Effect of Financial Liberalization on Economic Development in Ethiopia
The Effect of Financial Liberalization on Economic Development in Ethiopia

Author: Omer Mohammed

Publisher: GRIN Verlag

Published: 2017-10-11

Total Pages: 177

ISBN-13: 3668546789

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Master's Thesis from the year 2016 in the subject Economics - Finance, grade: 2, Addis Ababa University (College of Bussiness and Economics), course: Accounting and Finance, language: English, abstract: This study aims to empirically examine the impact of financial liberalization on economic development in Ethiopia over the period of 1984-2014. In doing so, the ARDL approach to Co-integration and Error Correction Model were employed to investigate the long run and short run relationships. Accordingly, the empirical results obtained from the study indicate that financial widening has contributed significantly to the increase in saving and the level of economic growth. Even though, the total deposit happens to generate more investment; there is shortage of supply of credit. In addition, the study indicates financial widening and credit to the private sector exhibited a significant positive association with financial development while total banks credit bearing a significant impact on industrial development. However, the overall financial reform showed insignificant association both with economic growth and industrial development. The efficiency in allocating financial resources show significant positive association with share of banks credit to the private sector, however, the overall financial reform has positive insignificant impact on efficiency of resource allocation. The contribution of financial sector after the deregulation has a mixed result on welfare. In terms of catalyzing employment opportunity, financial widening and the overall liberalization policy measure have played a positive role while the financial development has no significant impact on employment creation. Financial widening has significant positive impact on poverty alleviation while the overall policy measure has insignificant impact on the impoverished. Consequently, the result of the study indicate the overall financial liberalization measure actually decrease the likelihood of financial instability and indicates the direction of causality going from economic growth to financial development proving the demand leading hypothesis, which in turn portrays the heavy involvement of government in the financial sector.

The Ethiopian Banking System
The Ethiopian Banking System

Author: Arnaldo Mauri

Publisher:

Published: 2007

Total Pages: 10

ISBN-13:

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Ethiopia may be listed among the longest surviving states in the whole world and has been able to preserve more than any other country in the African continent its own national identity. It is not a surprise, therefore, if one can hardly note, unlike in other African countries, the distinguishing imprint of a single colonial power. This is true even in the financial sphere, where, given the backward initial conditions, it was necessary to have large recourse to foreign assistance and co-operation in setting up banking institutions. The paper examines the evolution up to the beginning of the 70s of the Ethiopian banking system. Particular attention is given to the new structure set up with the reorganization of the financial sector occurred in 1964. By virtue of a very important banking law, the existing State Bank of Ethiopia ceased operations and was replaced by two new institutions, the National Bank of Ethiopia and the Commercial Bank of Ethiopia, both state owned, and its assets and liabilities were taken over by them. The first institution had to play the role of a central bank in this two-tier shaped banking system, while the second had to compete in carrying out commercial banking business with three private institutions: the Addis Ababa Commercial Bank and two affiliated companies of foreign banks, Banco di Napoli (Ethiopia) and Banco di Roma (Ethiopia). Four other financial institutions, each one covering a specific segment of credit market out of commercial banking, were completing the financial intermediation picture: the Development Bank of Ethiopia, the Ethiopian Investment Corporation, the Imperial Savings and Home Ownership Association and the Savings and Mortgage Corporation of Ethiopia.