Decker, Olufemi (2012) Structural change and competition in the Sierra Leone banking sector: An empirical investigation. In: Johnson, Omotunde E.G., (ed.) Economic Challenges and Policy Issues in Early 21st century Sierra Leone. International Growth Centre, London, UK, pp. 121-162. ISBN 978-1-907994-08-1

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Abstract

Sierra Leone’s 2009 Financial Sector Development Plan explicitly states that there is a need to develop a competitive and efficient financial sector to promote private sector development, accelerate economic growth and reduce poverty.1 The importance of financial development in achieving economic development goals is well researched in the academic literature and forms the cornerstone of policy prescriptions for financial sector reforms (see, for example, Levine 1997; Levine et al. 2000; Honohan and Beck 2009; Beck et al. 2011).2 In the context of the IMF’s financial sector assessment efforts and national poverty reduction strategies, increased attention is being paid to the role of banking structure and competition in financial sector development. Beck et al. (2011, p. 5) see competition as ‘the most important driver of financial innovation that will help African financial systems deepen and broaden’. There is a concern that uncompetitive banking markets cause banks to provide inadequate services and realize excessive profits.

Item Type:	Book Section
Uncontrolled Keywords:	Sierra Leone, banking competition, financial development, Panzar Rosse H Statistic, foreign bank entry
Faculty / School / Research Centre / Research Group:	Faculty of Business > Department of Accounting & Finance
Related URLs:	Publisher
Last Modified:	14 Oct 2016 09:19
URI:	http://gala.gre.ac.uk/id/eprint/7932

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