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Introducing a new broad-based index of financial development /
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 mark...
| Clasificación: | Libro Electrónico |
|---|---|
| Autor principal: | |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
[Washington, D.C] :
International Monetary Fund, Strategy, Policy, and Review Department,
2016.
|
| Colección: | IMF working paper ;
WP/16/5. |
| Temas: | |
| Acceso en línea: | Texto completo |
MARC
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| 082 | 0 | 4 | |a 330.9 |2 23 |
| 049 | |a UAMI | ||
| 100 | 1 | |a Svirydzenka, Katsiaryna, |e author. | |
| 245 | 1 | 0 | |a Introducing a new broad-based index of financial development / |c prepared by Katsiaryna Svirydzenka. |
| 264 | 1 | |a [Washington, D.C] : |b International Monetary Fund, Strategy, Policy, and Review Department, |c 2016. | |
| 264 | 4 | |c ©2016 | |
| 300 | |a 1 online resource (42 pages) : |b illustrations | ||
| 336 | |a text |b txt |2 rdacontent | ||
| 337 | |a computer |b c |2 rdamedia | ||
| 338 | |a online resource |b cr |2 rdacarrier | ||
| 490 | 1 | |a IMF Working Paper, |x 1018-5941 ; |v WP/16/5 | |
| 500 | |a "January 2016." | ||
| 504 | |a Includes bibliographical references (pages 29-30). | ||
| 520 | |a 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."--Abstract | ||
| 505 | 0 | |a Cover -- Contents -- Abstract -- I. Introduction -- II. Methodology -- A. Data sources -- B. Treatment of missing data -- C. Normalization and treatment of outliers -- D. Functional form of the aggregator -- E. Weights -- F. Putting it all together -- III. Landscape of Financial Development -- IV. Caveats and Limitations -- References -- Figures -- 1. Financial Development Index Pyramid -- 2. Treatment of Missing Data: Example 1 -- 3. Treatment of Missing Data: Example 2 -- 4. Databank Composition: Raw, Reconstructed, and Missing Data Shares -- 5. Linear Versus Geometric Aggregation: Hypothetical Example, Equal Weights -- 6. Linear Versus Geometric Aggregation: 2013 FD Index Ratings -- 7. Luxembourg Example: Index Ratings for 2013 -- 8. Principal Component Analysis: Normalized Weights -- 9. World Map of Financial Development, 2013 -- 10. Correlation of FD Index with Traditional Measures: Private Credit to GDP -- 11. Correlation of FD Index with Traditional Measures: Stock Market Capitalization/GDP -- 12. Financial Development through Time -- 13. Financial Development Index: Peer Group Averages -- 14. Financial Development Index: Selected Countries, 2013 -- Tables -- 1. Data Sources -- 2. Summary Statistics of the Underlying Data -- 3. Percent of Countries and Years with Data Availability -- 4. Share of Variance Explained by PCA Components -- 5. Summary Statistics of the Financial Development Index -- Annexes -- Annex 1. 2013 Country Rankings on Financial Development -- Annex 2. 2013 Country Rankings on Financial Institutions Depth, Access, Efficiency -- Annex 3. 2013 Country Rankings on Financial Markets Depth, Access, Efficiency. | |
| 590 | |a eBooks on EBSCOhost |b EBSCO eBook Subscription Academic Collection - Worldwide | ||
| 650 | 0 | |a Economic indicators. | |
| 650 | 0 | |a Financial institutions. | |
| 650 | 0 | |a Capital market. | |
| 650 | 0 | |a Economic development. | |
| 650 | 6 | |a Indicateurs économiques. | |
| 650 | 6 | |a Institutions financières. | |
| 650 | 6 | |a Marché financier. | |
| 650 | 6 | |a Développement économique. | |
| 650 | 7 | |a economic development. |2 aat | |
| 650 | 7 | |a Capital market. |2 fast |0 (OCoLC)fst00846356 | |
| 650 | 7 | |a Economic development. |2 fast |0 (OCoLC)fst00901785 | |
| 650 | 7 | |a Economic indicators. |2 fast |0 (OCoLC)fst00901996 | |
| 650 | 7 | |a Financial institutions. |2 fast |0 (OCoLC)fst00924636 | |
| 710 | 2 | |a International Monetary Fund. |b Strategy, Policy, and Review Department, |e issuing body. | |
| 776 | 0 | 8 | |i Print version: |a Svirydzenka, Katsiaryna. |t Introducing a New Broad-based Index of Financial Development. |d Washington, D.C. : International Monetary Fund, 2016 |z 9781513583709 |
| 830 | 0 | |a IMF working paper ; |v WP/16/5. | |
| 856 | 4 | 0 | |u https://ebsco.uam.elogim.com/login.aspx?direct=true&scope=site&db=nlebk&AN=1254537 |z Texto completo |
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