01028nam0 22002531i 450 UON0010204920231205102556.91920020107d1974 |0itac50 bagerDE|||| |||||GoetterkultEmily Townsend VermeuleGottingenVandenhoeck Ruprecht1974179 p.25 cm001UON000881302001 Archaeologia Homericadie Denkmaeler und das fruehgriechische Eposherausgegeben von Friedrich Matz, Hans-Guenter Buchholz3DEGöttingenUONL000324VERMEULE TOWNSENDEmilyUONV065517664585Vandenhoeck & RuprechtUONV248345650ITSOL20240220RICASIBA - SISTEMA BIBLIOTECARIO DI ATENEOUONSIUON00102049SIBA - SISTEMA BIBLIOTECARIO DI ATENEOSI E 002 V SI MC 196 5 Goetterkult1310982UNIOR05596oam 22011894 450 991097377800332120250426110150.0978661284216097814623759671462375960978145272082114527208279781451871234145187123697812828421681282842161(CKB)3170000000055162(EBL)1608099(SSID)ssj0000944015(PQKBManifestationID)11944103(PQKBTitleCode)TC0000944015(PQKBWorkID)10982810(PQKB)10129339(OCoLC)761874253(IMF)WPIEE2008265(MiAaPQ)EBC1608099(IMF)WPIEA2008265WPIEA2008265(EXLCZ)99317000000005516220020129d2008 uf 0engur|n|---|||||txtccrDo Financial Sector Reforms Lead to Financial Development? Evidence from a New Dataset /Thierry Tressel, Enrica Detragiache1st ed.Washington, D.C. :International Monetary Fund,2008.1 online resource (44 p.)IMF Working PapersIMF working paper ;WP/08/265Description based upon print version of record.9781451915761 1451915764 Includes bibliographical references.Contents; I. Introduction; II. The Empirical Model; III. The Data; IV. Estimation Results; V. Conclusions; References; Tables; 1. Sample Countries; 2. Summary Statistics; 3. Cross-Correlations; 4. Baseline Regression: Two Alternative Maximum Lags; 5A. What Explains the Lack of Sustained Effect of Reforms on Financial Depth in Developing Countries? Shocks, Policies, Non-Linearities; 5B. What Explains the Lack of Sustained Effect of Reforms on Financial Depth in Developing Countries? Institutions; 6. Regressions Countries with Good Property Rights; 7. GMM Regressions8. Regressions with 5 Year Periods Panels9. Impact of Specific Banking Sector Reforms on Financial Depth; Figures; 1. Financial Reforms by Regions; 2. Private Credit to GDP Around Episodes of Banking Reform; 3. Financial Depth and Banking Reform Index-evolution of cross-sectional dispersion; 4. Financial Depth and Banking Reform Index-correlation over time; 5. Estimated Effect of Banking Reforms on the Private Credit to GDP Ratio; Data Appendix; Appendix; Empirical SpecificationThis 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.IMF Working Papers; Working Paper ;No. 2008/265FinanceEconometric modelsEconomic developmentEconometric modelsBanks and bankingEconometric modelsRight of propertyEconometric modelsBank creditimfBankingimfBanks and BankingimfBanks and bankingimfBanksimfCommercial banksimfCreditimfDepository InstitutionsimfFinanceimfFinance: GeneralimfFinancial Markets and the MacroeconomyimfFinancial sector developmentimfFinancial services industryimfMicro Finance InstitutionsimfMonetary economicsimfMonetary Policy, Central Banking, and the Supply of Money and Credit: GeneralimfMoney and Monetary PolicyimfMortgagesimfKyrgyz RepublicimfFinanceEconometric models.Economic developmentEconometric models.Banks and bankingEconometric models.Right of propertyEconometric models.Bank creditBankingBanks and BankingBanks and bankingBanksCommercial banksCreditDepository InstitutionsFinanceFinance: GeneralFinancial Markets and the MacroeconomyFinancial sector developmentFinancial services industryMicro Finance InstitutionsMonetary economicsMonetary Policy, Central Banking, and the Supply of Money and Credit: GeneralMoney and Monetary PolicyMortgages338.9Tressel Thierry1804345Detragiache Enrica120810DcWaIMFBOOK9910973778003321Do Financial Sector Reforms Lead to Financial Development? Evidence from a New Dataset4372851UNINA