The Political Economy of Financial Reforms in Cameroon

Neba Cletus Yah (University of Douala-Cameroon)

Jurnal Ekonomi dan Studi Pembangunan (JESP)
Vol 12, No 2 (2020)

The aim of this study is to analyse the factors that influence the adoption of financial sector reforms in Cameroon. The Abiad et al. (2008) technique is used to construct a financial reform index for Cameroon and the ordered logit model employed to identify its drivers for the period 1973-2017. The results show that financial reforms in Cameroon follow a progressive and constant pace and stands at the level of 88% in relative terms in 2017. The process of financial reforms is driven by the level of financial development, institutional quality, trade openness and economic crisis.