Benchmarking Financial Development

Abstract: Capitalizing on recent improvements in the availability of cross-country financial sector data, this paper proposes a standard methodology for benchmarking the policy component of financial development.

Author: Thorsten Beck

Publisher:

ISBN: OCLC:265031785

Category:

Page:

View: 240

Download →

Posted in:

Benchmarking Financial Development

Capitalizing on recent improvements in the availability of cross-country financial sector data, this paper proposes a standard methodology for benchmarking the policy component of financial development.

Author: Thorsten Beck

Publisher:

ISBN: OCLC:931669143

Category:

Page:

View: 400

Download →

Capitalizing on recent improvements in the availability of cross-country financial sector data, this paper proposes a standard methodology for benchmarking the policy component of financial development. Systematic controls are introduced to isolate main structural country characteristics and a principal components analysis is used to help identify a parsimonious set of ten "core" outcome indicators from a broader set of twenty seven potential indicators covering different dimensions of development in both financial institutions and financial markets. Such a broad-based approach helps reveal important determinants and regularities of the process of financial development. The paper also identifies some of the main data gaps that will need to be filled to allow further progress in financial benchmarking looking forward.
Posted in:

Benchmarking financial developement

Instead, because financial systems across countries fulfill similar functions and face similar constraints, one would expect the process of financial development to be broadly comparable across all countries and stages of development ...

Author:

Publisher: World Bank Publications

ISBN:

Category:

Page:

View: 776

Download →

Posted in:

Financial Inclusion and Development in the CEMAC

This paper examines financial inclusion and development in the CEMAC. We explore the level of financial inclusion in the CEMAC through a benchmarking exercise.We construct a measure of financial development gap and analyze its determinants.

Author: Adrian Alter

Publisher: International Monetary Fund

ISBN: 9781513570181

Category: Business & Economics

Page: 31

View: 425

Download →

This paper examines financial inclusion and development in the CEMAC. We explore the level of financial inclusion in the CEMAC through a benchmarking exercise.We construct a measure of financial development gap and analyze its determinants. Using panel data regressions, we find that inflation, income, and natural resources explain most of the financial development level but that better financial sector governance and stronger economic governance are positively associated with financial sector development. Richer and poorer countries can be equally far from their expected financial development levels. Finally, we use a benchmarking exercise to identify countries that have successfully reduced the financial development gap and propose policy measures that CEMAC countries could use to boost financial inclusion.
Posted in:

Emerging Issues in Financial Development

See also banking gap; equity gap benchmarking of, 8, 131, 132 globalization and, 226–31, 228–30t financial development in Latin America and the Caribbean, 25–89 alternative markets and products, 64–72, 66–67f, 70f credit unions, ...

Author: Tatiana Didier

Publisher: World Bank Publications

ISBN: 9780821399569

Category: Business & Economics

Page: 582

View: 205

Download →

This book synthesizes the results of a comprehensive analysis of the status, prospects, and challenges of sustainable financial development in Latin America, as well as the lessons for developed and developing countries.
Posted in:

Benchmarking Financial Systems Around the World

This paper introduces the Global Financial Development Database, an extensive dataset of financial system characteristics for 205 economies from 1960 to 2010.

Author: Martin Cihák

Publisher:

ISBN: OCLC:825037987

Category:

Page: 58

View: 938

Download →

Posted in:

Financial Development

This paper analyzes the process of financial development over the last three to four decades from the perspective of the fundamental frictions (agency and collective) to which economic agents were exposed.

Author: Augusto De la Torre

Publisher:

ISBN: OCLC:1066575511

Category: Electronic book

Page:

View: 415

Download →

Posted in:

Introducing a New Broad based Index of Financial Development

Benchmarking Financial Development Around the World.” World Bank Policy Research Working Paper 6175. World Bank, Washington, DC. ______, and Klaus Schaeck. 2010. "How Well do Aggregate Prudential Ratios Identify Banking System Problems ...

Author: Katsiaryna Svirydzenka

Publisher: International Monetary Fund

ISBN: 9781513583709

Category: Business & Economics

Page: 43

View: 392

Download →

There is a vast body of literature estimating the impact of financial development on economic growth, inequality, and economic stability. A typical empirical study approximates financial development with either one of two measures of financial depth – the ratio of private credit to GDP or stock market capitalization to GDP. However, these indicators do not take into account the complex multidimensional nature of financial development. The contribution of this paper is to create nine indices that summarize how developed financial institutions and financial markets are in terms of their depth, access, and efficiency. These indices are then aggregated into an overall index of financial development. With the coverage of 183 countries on annual frequency between 1980 and 2013, the database should offer a useful analytical tool for researchers and policy makers.
Posted in:

Financial Development and Inclusion in the Caribbean

Another line of research has instead focused on “benchmarkingfinancial development with respect to country's fundamentals (Feyen, Kibuuka, and Sourrouille 2014). With regards to financial inclusion, it has been linked to both ...

Author: Chuan Li

Publisher: International Monetary Fund

ISBN: 9781484347744

Category: Business & Economics

Page: 24

View: 339

Download →

Many Caribbean financial systems are relatively well developed for their size but benefits are concentrated in a small part of the population. In several large countries, the financial development levels are below what is warranted by that country’s own macroeconomic fundamentals. SMEs, in particular, remain severely credit constrained, and data to inform better analysis remains scarce. Using available data, this paper takes stock of the current state of financial development and inclusion in the Caribbean region and, based on a quantitative general equilibrium model, examines potential trade-offs between growth, inequality, and financial stability—all critical considerations when policies are designed. A case study for Jamaica is examined in detail.
Posted in:

Benchmarking Financial Systems Around the World

This paper introduces the Global Financial Development Database, an extensive dataset of financial system characteristics for 205 economies from 1960 to 2010.

Author: Martin ??ih??k

Publisher:

ISBN: OCLC:931684661

Category:

Page:

View: 810

Download →

This paper introduces the Global Financial Development Database, an extensive dataset of financial system characteristics for 205 economies from 1960 to 2010. The database includes measures of (a) size of financial institutions and markets (financial depth), (b) degree to which individuals can and do use financial services (access), (c) efficiency of financial intermediaries and markets in intermediating resources and facilitating financial transactions (efficiency), and (d) stability of financial institutions and markets (stability). The authors document cross-country differences and time series trends.
Posted in: