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Taming Financial Development to Reduce Crises

By: Mr.Sami Ben Naceur,Bertrand Candelon,Quentin Lajaunie

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Taming Financial Development to Reduce Crises

By: Mr.Sami Ben Naceur,Bertrand Candelon,Quentin Lajaunie

This paper assesses whether and how financial development triggers the occurrence of banking crises. It builds on a database that includes financial development as well as financial access, depth and efficiency for almost 100 countries. Through estimation of a dynamic logit panel model, it appears that financial development, from an institutional dimension and to a lesser extent from a market dimension, triggers financial instability within a one- to two-year horizon. Additionally, whereas financial access is destabilizing for advanced countries, it is stabilizing for emerging and low income ones. Both results have important implications for macroprudential policies and financial regulations.

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Page Count

28

Publisher

International Monetary Fund

Published Date

ISBN 10

1498312012

ISBN 13

9781498312011

Taming Financial Development to Reduce Crises

By: Mr.Sami Ben Naceur,Bertrand Candelon,Quentin Lajaunie

Write a review Read reviews Take a Quiz Solve Book Puzzle

Taming Financial Development to Reduce Crises

By: Mr.Sami Ben Naceur,Bertrand Candelon,Quentin Lajaunie

This paper assesses whether and how financial development triggers the occurrence of banking crises. It builds on a database that includes financial development as well as financial access, depth and efficiency for almost 100 countries. Through estimation of a dynamic logit panel model, it appears that financial development, from an institutional dimension and to a lesser extent from a market dimension, triggers financial instability within a one- to two-year horizon. Additionally, whereas financial access is destabilizing for advanced countries, it is stabilizing for emerging and low income ones. Both results have important implications for macroprudential policies and financial regulations.

Average ratings

N/A

5

0%

4

0%

3

0%

2

0%

1

0%

Write a review

Solve jigsaw puzzle

Age

Page Count

28

Publisher

International Monetary Fund

Published Date

ISBN 10

1498312012

ISBN 13

9781498312011

Book's by Quentin Lajaunie

Taming Financial Development to Reduce Crises

Taming Financial Development to Reduce Crises

Taming Financial Development to Reduce Crises

Taming Financial Development to Reduce Crises

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