UID:
almafu_9958116537202883
Format:
1 online resource (32 pages)
ISBN:
9781455236404
,
1455236403
,
9781462309580
,
1462309585
Series Statement:
IMF Working Papers
Content:
This paper analyzes the different channels through which financial variables and financial sector reform can affect economic growth and efficiency, using panel data for 40 countries which reformed their financial systems. Financial sector reform is hypothesized to affect economic growth and efficiency through three main channels: the real interest rate representing the interest cost of capital, the volume of intermediation, and financial sector efficiency. The results indicate that financial reforms have structural effects; that financial variables and reforms are important determinants of economic performance; that the impact depends on whether countries did or did not face a financial crisis; and that the “quality” of financial sector reform matters.
Note:
Bibliographic Level Mode of Issuance: Monograph
,
English
Additional Edition:
ISBN 9781451948110
Additional Edition:
ISBN 1451948115
Additional Edition:
ISBN 9781455260508
Additional Edition:
ISBN 1455260509
Language:
English
