Do financial sector reforms lead to financial development? : evidence from a new dataset /

Do financial sector reforms lead to financial development? : evidence from a new dataset /

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Bibliographic Details
Author / Creator:	Tressel, Thierry, author.
Imprint:	Washington, D.C. : International Monetary Fund, ©2008.
Description:	1 online resource (42 pages) : illustrations
Language:	English
Series:	IMF working paper ; WP/08/265.
Subject:	Economic development -- Econometric models. Finance -- Econometric models. Banks and banking -- Econometric models. Right of property -- Econometric models. Banks and banking -- Econometric models. Economic development -- Econometric models. Finance -- Econometric models. Right of property -- Econometric models.
Format:	E-Resource Book
URL for this record:	http://pi.lib.uchicago.edu/1001/cat/bib/12511218

Hidden Bibliographic Details
Other authors / contributors:	Detragiache, Enrica, author. International Monetary Fund. Research Department. IMF Institute.
ISBN:	1451915764 9781451915761 9781451871234 1451871236 1462375960 9781462375967 1452720827 9781452720821 9786612842160 6612842164 1282842161 9781282842168
Digital file characteristics:	text file
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.
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.
Other form:	Print version: Tressel, Thierry. Do financial sector reforms lead to financial development?. Washington, D.C. : International Monetary Fund, ©2008
Standard no.:	10.5089/9781451915761.001

Description
Summary:	This paper studies whether the policies that, over the past decades, liberalized bankingsystems around the world have resulted in deeper credit markets. To measure banking sectorreforms 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 countrieswith institutions that place checks and balances on political power. We interpret this asevidence of a complementarity between financial sector reforms and political institutions thatprotect property rights. Other country characteristics do not seem to significantly influencethe effect of banking reforms on financial development.
Item Description:	At head of title: Research Department and IMF Institute. "December 2008."
Physical Description:	1 online resource (42 pages) : illustrations
Format:	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.
Bibliography:	Includes bibliographical references (pages 22-25).
ISBN:	1451915764 9781451915761 9781451871234 1451871236 1462375960 9781462375967 1452720827 9781452720821 9786612842160 6612842164 1282842161 9781282842168