"A compelling study about a critical dilemma for policy making in LICs – delicately balancing the trinity of financial inclusion, financial stability and growth agendas."
— Louis Kasekende PhD, Deputy Governor, Bank of Uganda
Researchers from DEGRP project Financial regulation in low-income countries: Balancing inclusive growth with financial stability have just released their latest book, Achieving Financial Stability and Growth in Africa.
The newest addition to Routledge's Critical Studies in Finance and Stability series, the book explores how the global financial system should be regulated and structured to achieve the twin goals of inclusive growth and financial stability in low-income African countries. To do so, it draws on lessons learnt by developed and middle-income countries in the wake of the recent international financial crisis.
Edited by economists Stephany Griffith-Jones and Ricardo Gottschalk, the book features contributions from a wide range of senior academics and policy makers, including in-depth case studies from Kenya, Ghana, Nigeria, and Ethiopia, as well as wider analysis of sub-Saharan Africa.
Topics addressed include the desirable size of the financial sector for low-income countries (LICs), and management of capital flows, as well as more specific issues such as the high cost of borrowing of small and medium enterprises in LICs and possible measures to reduce it.
The book is available to purchase in hard copy and as an e-book via Routledge, Amazon and other retailers. More information about the book, including additional book reviews and sample text, can be found on the Routledge website.