Introducing a New Broad based Index of Financial Development is popular PDF and ePub book, written by Katsiaryna Svirydzenka in 2016-01-12, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, Introducing a New Broad based Index of Financial Development can be Read Online from any device for your convenience.
Introducing a New Broad based Index of Financial Development Book PDF Summary
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.
Detail Book of Introducing a New Broad based Index of Financial Development PDF
- Author : Katsiaryna Svirydzenka
- Release : 12 January 2016
- Publisher : International Monetary Fund
- ISBN : 9781513530734
- Genre : Business & Economics
- Total Page : 43 pages
- Language : English
- PDF File Size : 18,8 Mb
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