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Anecdotal evidence suggests that the success of government policies tostabilise the banking systems of West Africa has varied. This paper will examineprecisely what steps governments took, whether discrimination against foreigncommercial interests was a necessary part of a successful formula for stabilisation,and in general assess the effectiveness of measures taken in Nigeria and Ghana.Centre for Economic Policy Research77 Bastwick Street, London EC1V 3PZTel: +44 (0)20 7183 8809 Fax: +44 (0)20 7183 8820 Email: cepr@cepr.org www.cepr.org
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