Open AccessRepressed banking industry: The context of emerging market
Author(s) -
Gardachew Worku Fekadu
Publication year - 2020
Publication title -
corporate governance and organizational behavior review
Language(s) - English
Resource type - Journals
eISSN - 2521-1889
pISSN - 2521-1870
DOI - 10.22495/cgobrv4i1p5
Subject(s) - liberalization , context (archaeology) , business , financial sector , financial system , developing country , international economics , economics , finance , economic growth , market economy , geography , archaeology
The present paper uses a qualitative approach with data obtained from secondary sources on the sequence and timing of financial liberalization in Ethiopia. The approach is purely qualitative, which simply examines the sequence of financial sector liberalization measures introduced in Ethiopia between 1992 and 2014. The study aims to identify the financial sector liberalization measures introduced and critically evaluate the timing and sequence of these programs implemented in Ethiopia. In light of documented empirical findings, it was found that the financial liberalization programme in Ethiopia was not properly and timely sequenced, and as a result, the Ethiopian financial sector has remained underdeveloped when compared to sub-Saharan African standards and its neighbouring countries. The regulatory fences, especially the restriction of foreign bank entry, should be seriously reconsidered and such fences shall be soon uprooted and steps towards the establishment of the financial market should be taken.