Go to AfricaBib home

Go to AfricaBib home AfricaBib Go to database home

bibliographic database
Line
Previous page New search

The free AfricaBib App for Android is available here

Periodical article Periodical article Leiden University catalogue Leiden University catalogue WorldCat catalogue WorldCat
Title:Strategic Alliances and Mergers of Financial Exchanges: The Case of the SADC (Southern African Development Community)
Author:Okeahalam, Charles C.ISNI
Year:2005
Periodical:Journal of Southern African Studies
Volume:31
Issue:1
Period:March
Pages:75-93
Language:English
Geographic term:Southern Africa
Subjects:SADC
financial market
Development and Technology
Economics and Trade
Inter-African Relations
External link:https://www.tandfonline.com/doi/abs/10.1080/03057070500035703
Abstract:Over the last three years there has been increased speculation in Europe and elsewhere as to the relative merits of merging a number of national and international financial exchanges. In some respects, the development of financial markets is an important aspect of economic development, and several countries in the Southern African Development Community (SADC) region have a financial exchange. However, the vast majority of these exchanges have a small number of listed securities and low levels of capitalization and liquidity. The design, size, scope, institutional and regulatory framework of a financial exchange determines its relative costs and benefits. Seen in this light, without the appropriate scale, liquidity, social and technological infrastructure, it is unlikely that a financial exchange will be able to meet its strategic objectives efficiently. This article discusses the economic case for establishing a regional financial exchange for the Southern African Development Community. It suggests that the most economically efficient and least costly way of accomplishing this is for the national exchanges in the SADC region to merge. The article concludes by suggesting a number of enabling policy proposals. App., notes, ref., sum. [Journal abstract]
Views
Cover