What Matters for Financial Development and Stability? /

This study aims to identify policies that influence the development of financial institutions as measured across three dimensions: depth, efficiency, and stability. Applying the concept of the financial possibility frontier, developed by Beck and Feyen (2013) and formalized by Barajas et al (2013a),...

Πλήρης περιγραφή

Λεπτομέρειες βιβλιογραφικής εγγραφής
Κύριος συγγραφέας: Almarzoqi, Raja
Άλλοι συγγραφείς: Ben Naceur, Sami, Kotak, Akshay
Μορφή: Επιστημονικό περιοδικό
Γλώσσα:English
Έκδοση: Washington, D.C. : International Monetary Fund, 2015.
Σειρά:IMF Working Papers; Working Paper ; No. 2015/173
Διαθέσιμο Online:Full text available on IMF
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245 1 0 |a What Matters for Financial Development and Stability? /  |c Raja Almarzoqi, Sami Ben Naceur, Akshay Kotak. 
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300 |a 1 online resource (44 pages) 
490 1 |a IMF Working Papers 
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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 study aims to identify policies that influence the development of financial institutions as measured across three dimensions: depth, efficiency, and stability. Applying the concept of the financial possibility frontier, developed by Beck and Feyen (2013) and formalized by Barajas et al (2013a), we determine key policy variables affecting the gap between actual levels of development and benchmarks predicted by structural variables. Our dynamic panel estimation shows that inflation, trade openness, institutional quality, and banking crises significantly affect financial development. Our analysis also helps identify potential complementarities and trade-offs for policy makers, based on the effect of the policy variables across the different dimensions of financial development. 
538 |a Mode of access: Internet 
700 1 |a Ben Naceur, Sami. 
700 1 |a Kotak, Akshay. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2015/173 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2015/173/001.2015.issue-173-en.xml  |z IMF e-Library