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|z 9781451871234
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|a 1018-5941
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|a Tressel, Thierry.
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|a Do Financial Sector Reforms Lead to Financial Development? :
|b Evidence from a New Dataset /
|c Thierry Tressel, Enrica Detragiache.
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|a Washington, D.C. :
|b International Monetary Fund,
|c 2008.
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|a 1 online resource (42 pages)
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|a IMF Working Papers
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|a <strong>Off-Campus Access:</strong> No User ID or Password Required
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|a <strong>On-Campus Access:</strong> No User ID or Password Required
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|a Electronic access restricted to authorized BRAC University faculty, staff and students
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|a This paper studies whether the policies that, over the past decades, liberalized bankingsystems around the world have resulted in deeper credit markets. To measure banking sectorreforms we use a new index that tracks policy changes in five separate areas for 91 countriesover 1973-2005. We find that reforms have led to financial deepening, but only in countrieswith institutions that place checks and balances on political power. We interpret this asevidence of a complementarity between financial sector reforms and political institutions thatprotect property rights. Other country characteristics do not seem to significantly influencethe effect of banking reforms on financial development.
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|a Mode of access: Internet
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|a Detragiache, Enrica.
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|a IMF Working Papers; Working Paper ;
|v No. 2008/265
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| 856 |
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|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/001/2008/265/001.2008.issue-265-en.xml
|z IMF e-Library
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