Hidden Bibliographic Details
| Other authors / contributors: | Detragiache, Enrica, author.
International Monetary Fund. Research Department.
IMF Institute.
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| ISBN: | 1451915764
9781451915761
9781451871234
1451871236
1462375960
9781462375967
1452720827
9781452720821
9786612842160
6612842164
1282842161
9781282842168
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| Digital file characteristics: | text file
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| Notes: | At head of title: Research Department and IMF Institute.
"December 2008."
Includes bibliographical references (pages 22-25).
Restrictions unspecified
Electronic reproduction. [Place of publication not identified] : HathiTrust Digital Library, 2011.
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212
English.
digitized 2011 HathiTrust Digital Library committed to preserve
Print version record.
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| Summary: | This paper studies whether the policies that, over the past decades, liberalized banking systems around the world have resulted in deeper credit markets. To measure banking sector reforms we use a new index that tracks policy changes in five separate areas for 91 countriesover 1973-2005. We find that reforms have led to financial deepening, but only in countries with institutions that place checks and balances on political power. We interpret this asevidence of a complementarity between financial sector reforms and political institutions that protect property rights. Other country characteristics do not seem to significantly influencethe effect of banking reforms on financial development.
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| Other form: | Print version: Tressel, Thierry. Do financial sector reforms lead to financial development?. Washington, D.C. : International Monetary Fund, ©2008
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| Standard no.: | 10.5089/9781451915761.001
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