The Shadow Banking System and Financial Stability Risks in Africa: Political Economy Dimensions

Key Points

• The article aims to explore the relationship between shadow banking systems and financial stability in Africa, particularly focusing on Kenya.
• Conducts a comparative study within African Studies.
• Organises existing scholarship relevant to shadow banking.
• Analyzes institutional and policy dynamics specific to the African context.
• Identifies key institutional and policy factors affecting financial stability in Africa.
• Highlights the theoretical implications of shadow banking on the financial system in Kenya.
• Offers practical conclusions relevant to policymakers in the African context.

Abstract