
The conventional wisdom that African financial systems have little to worry about in the wake of the global financial crisis needs to be challenged. In the attached note, I raise five* concerns:
- Weakened local investor confidence in equities and bonds on African Stock Exchanges
- Return to ultraconservative lending practices
- Losses arising from central bank reserve management practices
- Renewed debate on the role of governments in the financial system
- Weakened balance sheets resulting from a downturn in the real economy.
In the note, I also propose policy options for dealing with these concerns.
*In the note, I say "four concerns" and then go on to list five, which confirms the old joke: "There are three kinds of economists. Those who can count and those who can't."
Comments
Financial Crisis and Africa.
AFRICAN SIDE ECONOMICS AND THE WORLD FINANCIAL CRISIS
Crisis
Africa will come out stronger...
hope your right...
Hello Samuel, I think that
The impact of the crisis is greater in our continents
Agreed with Surplus
I agree, in countries with
Peer to Peer
I second that motion
I agree with you
i agree too...
Yes i'm ok with you , now i
Can it really get much worse?
Yes i'm ok with you
i agree
constant financial crisis
The capitalists are selfish
:)
Thanks
Your blog appears quite
i agree..
Capitalist
Thanks
Excellent article
Agree with you
Crisis is in the air
Agreed
Agreed
I disagree
well worth the read.I found
Many thanks for the exciting
The impact
I disagree
I support your efforts in
I support your efforts in this great crisis that is occurring. We all need to support and educate.
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