Affordable Access

Law and finance in Africa

Publication Date
  • O1 - Economic Development
  • K2 - Regulation And Business Law
  • G2 - Financial Institutions And Services
  • P5 - Comparative Economic Systems
  • K4 - Legal Procedure
  • The Legal System
  • And Illegal Behavior
  • Law


This paper assesses how legal-origin influences financial development through regulation quality and the rule of law. It uses data collected after pioneering works on the law-finance nexus to assess hypotheses resulting there-from in the context of Africa. Distinctions are made between English, French, French sub-Saharan, Portuguese and North African countries in how their legal origins affect financial intermediary dynamics of depth, efficiency, size and activity. In terms of policy implications results support the benefits of law channels to financial development in the continent.

There are no comments yet on this publication. Be the first to share your thoughts.