Too cold, too hot, or just right? : assessing financial sector development across the globe /

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Bibliographic Details
Imprint:[Washington, D.C.] : International Monetary Fund, ©2013.
Description:1 online resource (30 pages) : color illustrations
Language:English
Series:IMF working paper ; WP/13/81
IMF working paper ; WP/13/81.
Subject:
Format: E-Resource Book
URL for this record:http://pi.lib.uchicago.edu/1001/cat/bib/12501654
Hidden Bibliographic Details
Other authors / contributors:Barajas, Adolfo, author.
International Monetary Fund. Strategy, Policy, and Review Department, issuing body.
ISBN:9781484320822
1484320824
9781484351086
1484351088
9781484329566
1484329562
Notes:Title from PDF title page (IMF Web site, viewed Apr. 2, 2013).
"Strategy, Policy, and Review Department"--Page 2 of pdf.
"March 2013"--Page 2 of pdf.
Includes bibliographical references (pages 28-29).
Summary:"This paper introduces the concept of the financial possibility frontier as a constrained optimum level of financial development to gauge the relative performance of financial systems across the globe. This frontier takes into account structural country characteristics, institutional, and macroeconomic factors that impact financial system deepening. We operationalize this framework using a benchmarking exercise, which relates the difference between the actual level of financial development and the level predicted by structural characteristics, to an array of policy variables. We also show that an overshooting of the financial system significantly beyond levels predicted by its structural fundamentals is associated with credit booms and busts"--Page 2 of pdf.

MARC

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245 0 0 |a Too cold, too hot, or just right? :  |b assessing financial sector development across the globe /  |c Adolfo Barajas [and others]. 
260 |a [Washington, D.C.] :  |b International Monetary Fund,  |c ©2013. 
300 |a 1 online resource (30 pages) :  |b color illustrations 
336 |a text  |b txt  |2 rdacontent 
337 |a computer  |b c  |2 rdamedia 
338 |a online resource  |b cr  |2 rdacarrier 
490 1 |a IMF working paper ;  |v WP/13/81 
500 |a Title from PDF title page (IMF Web site, viewed Apr. 2, 2013). 
500 |a "Strategy, Policy, and Review Department"--Page 2 of pdf. 
500 |a "March 2013"--Page 2 of pdf. 
520 |a "This paper introduces the concept of the financial possibility frontier as a constrained optimum level of financial development to gauge the relative performance of financial systems across the globe. This frontier takes into account structural country characteristics, institutional, and macroeconomic factors that impact financial system deepening. We operationalize this framework using a benchmarking exercise, which relates the difference between the actual level of financial development and the level predicted by structural characteristics, to an array of policy variables. We also show that an overshooting of the financial system significantly beyond levels predicted by its structural fundamentals is associated with credit booms and busts"--Page 2 of pdf. 
504 |a Includes bibliographical references (pages 28-29). 
505 0 |a Cover; Abstract; Contents; I. Introduction; II. The financial possibility frontier; III. Taxonomy of financial sector policies; IV. Benchmarking financial systems; V. Explaining Gaps; VI. Conclusions; Figures; 1. The Financial Possibility Frontier; 2. Observed Financial Depth Over Time and Across Income Groups; 3. Gaps in Financial Depth Relative to Benchmarks; 4. Change in Gaps in Private Credit, 1990 to 2007; 5. Share of Underperforming Countries, by Income Level; 6. Frequency of Credit Booms Related to the Level of the Private Credit. 
505 8 |a 7. Frequency of Credit Booms Related to the 1995-2005 Change in the Private Credit GapTables; 1. Univariate Regressions Explaining Levels and Changes in the Private Credit; 2. Multivariate Regressions Explaining Levels of the Private Credit-GDP Gap; 3. Multivariate Regressions Explaining the 1995-2005 Change in the Private; References. 
650 0 |a Finance  |x Government policy  |x Econometric models. 
650 0 |a Financial institutions  |x Government policy  |x Econometric models. 
650 0 |a Monetary policy  |x Econometric models. 
650 0 |a Business cycles  |x Econometric models. 
650 6 |a Finances  |x Politique gouvernementale  |x Modèles économétriques. 
650 6 |a Institutions financières  |x Politique gouvernementale  |x Modèles économétriques. 
650 6 |a Politique monétaire  |x Modèles économétriques. 
650 6 |a Cycles économiques  |x Modèles économétriques. 
650 7 |a Business cycles  |x Econometric models.  |2 fast  |0 (OCoLC)fst00842461 
650 7 |a Monetary policy  |x Econometric models.  |2 fast  |0 (OCoLC)fst01025234 
655 4 |a Electronic books. 
700 1 |a Barajas, Adolfo,  |e author.  |0 http://id.loc.gov/authorities/names/n88666429 
710 2 |a International Monetary Fund.  |b Strategy, Policy, and Review Department,  |e issuing body.  |0 http://id.loc.gov/authorities/names/no2009043117 
830 0 |a IMF working paper ;  |v WP/13/81.  |0 http://id.loc.gov/authorities/names/no89010263 
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