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
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... READ MORE...

Publication date: December 2008
ISBN 9781451871234
$18.00

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