Monday 28 March 2011

Finding out why African Banks Lend So Little

International donors provide large amounts of financial capital to Africa in the form of aid and grants, but there are also large financial flows in the opposite direction. Many African banks invest large sums abroad and lend relatively little to local businesses.

My co-authors, Svetlana Andrianova, Badi Baltagi, David Fielding and I, explain why in a recent article in vox, drawing on some key findings of a recently completed ESRC project.  For more details click on the link below:

http://www.voxeu.org/index.php?q=node/6278