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Does it matter that all of the sub-Saharan African countries have small financial systems? In this short paper, we review the reasons why absolute size is relevant, and consider some of the possible ways of alleviating the problems resulting from having a small financial system. One of the potential solutions is regional cooperation. This has already been tried, with a degree of success, in parts of Africa. More could be done.
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Bossone et al. (2003) studied this question.
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