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Book Cover
Author Quintyn, Marc, author

Title "Mother can I trust the government?" : sustained financial deepening : a political institutions view / prepared by Marc Quintyn and Geneviève Verdier
Published [Washington, D.C.] : International Monetary Fund, [2010]
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Description 1 online resource (42 pages) : illustrations (some color)
Series IMF working paper ; WP/10/210
IMF working paper ; WP/10/210
Summary Only a minority of countries have succeeded in establishing a developed financial system, despite widespread financial liberalization. Confronted with this finding, the political institutions view claims that sustained financial deepening is most likely to take place in institutional environments where governments effectively impose constraints on their own powers in order to create trust. This paper identifies over 200 post-1960 episodes of accelerations in financial development in a large cross-section of countries. We find that the likelihood of an acceleration leading to sustained financial development increases greatly in environments that have high-quality political institutions
Bibliography Includes bibliographical references
Subject Economic development -- Political aspects -- Econometric models.
Finance -- Political aspects -- Econometric models.
Form Electronic book
Author Verdier, Geneviève, 1973- author
IMF Institute, issuing body
International Monetary Fund. African Department, issuing body
ISBN 1283565536