Mr.Marco Pani

Dollarization in Sub-Saharan Africa

Experiences and Lessons

Dollarization—the use of foreign currencies as a medium of exchange, store of value, or unit of account—is a notable feature of financial developm...

Financial Stability Reports in Latin America and the Caribbean

Many countries in Latin America and the Caribbean now publish financial stability reports. This study reviews their latest issues to assess their cont...

Drivers of Cross-Border Banking in Sub-Saharan Africa

Using data collected from pan-African banks’ (PABs), balance sheets and other sources (Orbis, Fitch), this study identifies some key patterns of cro...

Financial Repression is Knocking at the Door, Again

Financial repression (legal restrictions on interest rates, credit allocation, capital movements, and other financial operations) was widely used in t...

Building Resilience in Sub-Saharan Africa's Fragile States

This paper analyzes the persistence of fragility in some sub-Saharan African states and the multiple dimensions of state weakness that are simultaneou...

Crisis and Reform: The 1893 Demise of Banca Romana

More than a century later, the Banca Romana crisis still provides useful insights on the challenges of preserving financial stability. This paper revi...