Taming Financial Development to Reduce Crises /

This paper assesses whether and how financial development triggers the occurrence of banking crises. It builds on a database that includes financial development as well as financial access, depth and efficiency for almost 100 countries. Through estimation of a dynamic logit panel model, it appears t...

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Bibliografiske detaljer
Hovedforfatter: Ben Naceur, Sami
Andre forfattere: Candelon, Bertrand, Lajaunie, Quentin
Format: Tidsskrift
Sprog:English
Udgivet: Washington, D.C. : International Monetary Fund, 2019.
Serier:IMF Working Papers; Working Paper ; No. 2019/094
Online adgang:Full text available on IMF
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245 1 0 |a Taming Financial Development to Reduce Crises /  |c Sami Ben Naceur, Bertrand Candelon, Quentin Lajaunie. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2019. 
300 |a 1 online resource (28 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 paper assesses whether and how financial development triggers the occurrence of banking crises. It builds on a database that includes financial development as well as financial access, depth and efficiency for almost 100 countries. Through estimation of a dynamic logit panel model, it appears that financial development, from an institutional dimension and to a lesser extent from a market dimension, triggers financial instability within a one- to two-year horizon. Additionally, whereas financial access is destabilizing for advanced countries, it is stabilizing for emerging and low income ones. Both results have important implications for macroprudential policies and financial regulations. 
538 |a Mode of access: Internet 
700 1 |a Candelon, Bertrand. 
700 1 |a Lajaunie, Quentin. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2019/094 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2019/094/001.2019.issue-094-en.xml  |z IMF e-Library