@article{Gebrehiwot:251736,
      recid = {251736},
      author = {Gebrehiwot Ageba},
      title = {An Analysis of Financial Sector and Credit policies during  the Derg period and post –Derg Reforms},
      journal = {Ethiopian Journal of Economics},
      address = {1999-12},
      number = {683-2016-46778},
      series = {ETHIOPIAN JOURNAL OF ECONOMICS},
      pages = {104},
      year = {1999},
      abstract = {The paper provides systemic analysis of the past and  current financial sector, credit, and other related  policies in Ethiopia based on a critical examination of the  provisions of the numerous proclamations, regulations, and  directives governing economic activates in the country, the  incentives / dis-incentive elements contained in them, and  their consequences. It also gives an assessment of  developments in the financial sector following the reforms,  as well as the depth & structure of the financial sector. A  severe from of financial repression which, unlike many,  unlike many other financially repressed economies where  secession was generally Hugh taxes, stamp duties and an  un-conducive legal framework, mainly took the form of  outright prohibition and was driven by ideology, existed  during the derg regime.  Financial institutions were  effectively reduced in to mere instruments for channeling  private sector access to credit together with the stringent  absolute limit on single borrower loans served as effective  instruments in suppressing the private sector. A marked  increase in the magnitude of loan able funds of the banking  system, mainly due to a switch out of non-earning existing  assets, and  a fundamental shift in the flow of credit  towards the private sector occurred during the post-derg  period. Entry in to the financial sector has been slow but  steady. However, concentration in terms of ownership, asset  portfolio, as well as institutional, sectoral and  geographic distribution of intermediation services, remains  too high. Besides, some regulatory issues of critical  significance remain yet to be addressed.},
      url = {http://ageconsearch.umn.edu/record/251736},
      doi = {https://doi.org/10.22004/ag.econ.251736},
}