This paper estimates an early warning system for predicting systemic banking crises in a sample of low income countries in Sub-Saharan Africa. Since the average duration of crises in this sample of countries is longer than one year, the predictive performance of standard binomial logit models is...

African development finance institutions (DFIs) can play an important role in addressing market failures in credit markets. However, in spite of their importance, very little is known about them. This paper contributes to fill this gap by assessing the compliance of African DFIs with...

Motivated by the recent debate on the macroeconomic implications of the new bank regulatory standards known as Basel III, this paper examines the impact of higher capital ratios on aggregate output in a comprehensive panel of African economies. We quantify benefits stemming from lower...