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International Political Economy Series
cover

Deregulation and the Banking Crisis in Nigeria

A Comparative Study

Editors: Stein, H., Ajakaiye, O., Lewis, P. (Eds.)

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Hardcover 145,59 €
price for Spain (gross)
  • ISBN 978-0-333-72142-1
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
  • The final prices may differ from the prices shown due to specifics of VAT rules
Softcover 103,99 €
price for Spain (gross)
  • ISBN 978-1-349-65083-5
  • Free shipping for individuals worldwide
  • Online orders shipping within 2-3 days.
  • The final prices may differ from the prices shown due to specifics of VAT rules
About this book

The book provides a multifaceted approach to understanding the origin, nature and resolution of the banking crisis in Nigeria. Unlike studies that focus only on technical criteria, the contributors examine theoretical, empirical, institutional, political economy and policy dimensions. Moreover, unlike case studies that focus on a single country, the volume compares liberalization in Nigeria to other regions demonstrating links to the financial crisis in Asia, Latin America and elsewhere. They emphasize the importance of understanding financial liberalization in its broader embedded context and the need to tailor financial reform to the conditions and capacities of specific developing and transitional countries including Nigeria.

About the authors

K.S. ADEYEMI Assistant General Manager, Union Bank of Nigeria Plc S.O. ALASHI Director, Nigerian Deposit Insurance Corporation HA-JOON CHANG Lecturer, Faculty of Economics and Politics, University of Cambridge MACHIKO NISSANKE Senior Lecturer, School of Oriental and African Studies, University of London HONG-JAE PARK Hyundai Motors, Korea STEVEN ROSEFIELDE Professor of Economics, University of North Carolina, Chapel Hill ADEDOYIN SOYIBO Professor of Economics, University of Ibadan LEONARDO VERA Assistant Professor of Macroeconomics, Central University, Venezuela CHUL-GYUE YOO Professor, Seong Gong Hoe University, Seoul, Korea.

Reviews

'Stein, Ajakaiye, and Lewis...convincingly demonstrate the weakness of the McKinnon-Shaw financial repression hypothesis...[They] reveal that the insistence by the International Monetary Fund and World Bank on orthodox financial liberalization has contributed to reductions in real financial savings, real lending to the private sector, and investment in Nigeria and other African countries...The policy implications of this thorough study are an emphasis on building financial institutions and regulating and supervising banks, and a rejection of financial price deregulation and an America-style arms-length system of banking in developing countries.' - Professor E. Wayne Nafziger, Department of Economics, Kansas State University

'...provides a welcome and timely addition to the literature on financial liberalization...The book concentrates on the dangers of deregulation in Nigeria with clear implications to the rest of Africa. In doing so it also draws on

the experience of other countries such as Venezuela, Russia and Korea...[A]n extremely original work with important contributions to theoretical, institutional and policy issues related to the question of financial liberalization and its alternatives in developing countries.' - Philip Arestis, Professor of Economics, South Bank University, London


Buy this book

Hardcover 145,59 €
price for Spain (gross)
  • ISBN 978-0-333-72142-1
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
  • The final prices may differ from the prices shown due to specifics of VAT rules
Softcover 103,99 €
price for Spain (gross)
  • ISBN 978-1-349-65083-5
  • Free shipping for individuals worldwide
  • Online orders shipping within 2-3 days.
  • The final prices may differ from the prices shown due to specifics of VAT rules

Services for this book

Bibliographic Information

Bibliographic Information
Book Title
Deregulation and the Banking Crisis in Nigeria
Book Subtitle
A Comparative Study
Editors
  • H. Stein
  • O. Ajakaiye
  • P. Lewis
Series Title
International Political Economy Series
Copyright
2002
Publisher
Palgrave Macmillan UK
Copyright Holder
Palgrave Macmillan, a division of Macmillan Publishers Limited
Hardcover ISBN
978-0-333-72142-1
Softcover ISBN
978-1-349-65083-5
Series ISSN
2662-2483
Edition Number
1
Number of Pages
XX, 270
Topics