ABSTRACT

The aim of this book was to see how the financial systems and their regulation in African low-income countries (LICs), still in their early stages of development, could be better shaped to achieve simultaneously the goals of financial stability and inclusive growth. This draws on understanding the features of financial systems in LICs, both their challenges and their relative strengths, and on possible lessons arising from the global financial crisis, as well as previous experiences of crises in emerging economies.