Too Cold, Too Hot, or Just Right? : Assessing Financial Sector Development Across the Globe /

This paper introduces the concept of the financial possibility frontier as a constrained optimum level of financial development to gauge the relative performance of financial systems across the globe. This frontier takes into account structural country characteristics, institutional, and macroeconom...

Szczegółowa specyfikacja

Opis bibliograficzny
1. autor: Barajas, Adolfo
Kolejni autorzy: Beck, Thorsten, Dabla-Norris, Era, Yousefi, Seyed Reza
Format: Czasopismo
Język:English
Wydane: Washington, D.C. : International Monetary Fund, 2013.
Seria:IMF Working Papers; Working Paper ; No. 2013/081
Dostęp online:Full text available on IMF
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100 1 |a Barajas, Adolfo. 
245 1 0 |a Too Cold, Too Hot, or Just Right? :   |b Assessing Financial Sector Development Across the Globe /  |c Adolfo Barajas, Thorsten Beck, Era Dabla-Norris, Seyed Reza Yousefi. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2013. 
300 |a 1 online resource (30 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a This paper introduces the concept of the financial possibility frontier as a constrained optimum level of financial development to gauge the relative performance of financial systems across the globe. This frontier takes into account structural country characteristics, institutional, and macroeconomic factors that impact financial system deepening. We operationalize this framework using a benchmarking exercise, which relates the difference between the actual level of financial development and the level predicted by structural characteristics, to an array of policy variables. We also show that an overshooting of the financial system significantly beyond levels predicted by its structural fundamentals is associated with credit booms and busts. 
538 |a Mode of access: Internet 
700 1 |a Beck, Thorsten. 
700 1 |a Dabla-Norris, Era. 
700 1 |a Yousefi, Seyed Reza. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2013/081 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2013/081/001.2013.issue-081-en.xml  |z IMF e-Library