Une analyse empirique de l'impact de la libéralisation financière en Afrique subsaharienne sur la période 1983-1996

Audrey Chouchane-Verdier — An empirical analysis of the impact of financial liberalisation in Sub-Saharan Africa during the 1983-1996 period. This article analyses the efficiency of financial liberalisation policies undertaken in the majority of Sub-Saharan African economies at the end of the 1980's and the beginning of the 1990's. The evolution of the index of financial development that has been designed here shows a general regression of banking performances and enhanced stability on loan markets. This paper studies in greater detail the case of the countries of the franc zone as regards the application of financial reforms and stresses the discrepancies of the established measures and the banking structures in this region of the world.