英文文献：African Financial Development Dynamics: Big Time Convergence-非洲金融发展动态:大时代的融合
英文文献作者：Asongu Simplice
英文文献摘要：
Purpose - Assessment of African financial development dynamic convergences in money, credit, efficiency and size. Design/Methodology - The empirical evidence is premised on 11 homogenous panels based on regions (Sub-Saharan and North Africa), income-levels (low, middle, lower-middle and upper-middle), legal-origins (English common-law and French civil-law) and religious dominations (Christianity and Islam). We examine convergence in financial intermediary dynamics of depth, efficiency, activity and size. Findings - Findings suggest that countries with small-sized financial intermediary depth, efficiency, activity and size are catching-up countries with large-sized financial intermediary depth, efficiency, activity and size respectively. We also provide the speeds of convergence and time necessary to achieve a full (100%) convergence. Practical implications - The presence of strong links among African banking sectors may present little opportunity for portfolio diversification. The convergence patterns show positive steps towards regional integration. As a policy implication, African governments should not relent in structural and institutional reforms. Originality/value - It is the first critical assessment of convergence in financial intermediary development dynamics in the African continent.

目的-评估非洲金融发展在货币、信贷、效率和规模方面的动态趋同。设计/方法-根据地区(撒哈拉以南和北非)、收入水平(低、中、中下、中上)、法律来源(英国普通法和法国民法)和宗教统治(基督教和伊斯兰教)，经验证据以11个同质小组为前提。我们考察了金融中介机构在深度、效率、活动和规模方面的动态趋同。研究结果表明，金融中介深度、效率、活动和规模较小的国家正分别追赶金融中介深度、效率、活动和规模较大的国家。我们还提供了速度的收敛和必要的时间，以实现一个完全(100%)收敛。实际影响-非洲银行部门之间的密切联系可能很少有机会实现投资组合多样化。融合模式显示了迈向区域一体化的积极步骤。作为一项政策暗示，非洲各国政府不应在结构和体制改革方面有所松动。独创性/价值——这是第一次对非洲大陆金融中介机构发展动态的融合进行批判性评估。