Introducing a New Broad-based Index of Financial Development /
There is a vast body of literature estimating the impact of financial development on economic growth, inequality, and economic stability. A typical empirical study approximates financial development with either one of two measures of financial depth - the ratio of private credit to GDP or stock mark...
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Format: | Tidsskrift |
Sprog: | English |
Udgivet: |
Washington, D.C. :
International Monetary Fund,
2016.
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Serier: | IMF Working Papers; Working Paper ;
No. 2016/005 |
Online adgang: | Full text available on IMF |