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Author Tressel, Thierry, author

Title Do financial sector reforms lead to financial development? : evidence from a new dataset / prepared by Thierry Tressel and Enrica Detragiache
Published Washington, D.C. : International Monetary Fund, [2008]
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Description 1 online resource (42 pages) : illustrations
Series IMF working paper ; WP/08/265
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
Notes "December 2008."
At head of title: Research Department and IMF Institute
Bibliography Includes bibliographical references (pages 22-25)
Notes 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. MiAaHDL
digitized 2011 HathiTrust Digital Library committed to preserve pda MiAaHDL
Print version record
Subject Banks and banking -- Econometric models.
Economic development -- Econometric models.
Finance -- Econometric models.
Right of property -- Econometric models.
Form Electronic book
Author Detragiache, Enrica, author
IMF Institute.
International Monetary Fund. Research Department.
ISSN 2227-8885
ISBN 1451915764