Format:
Online-Ressource (44 p)
Edition:
Online-Ausg.
ISBN:
1513501178
,
9781513501178
Series Statement:
IMF Working Papers 15, 173
Content:
This study aims to identify policies that influence the development of financial institutions as measured across three dimensions: Dept.h, efficiency, and stability. Applying the concept of the financial possibility frontier, developed by Beck & 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
Additional Edition:
Erscheint auch als Druck-Ausgabe Almarzoqi, Raja What Matters for Financial Development and Stability? Washington, D.C. : International Monetary Fund, 2015 ISBN 9781513501178
Language:
English
Keywords:
Arbeitspapier
;
Graue Literatur
DOI:
10.5089/9781513501178.001
