A New Database of Financial Reforms
Electronic Access:
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Summary:
This paper introduces a new database of financial reforms, covering 91 economies over 1973–2005. It describes the content of the database, the information sources utilized, and the coding rules used to create an index of financial reform. It also compares the database with other measures of financial liberalization, provides descriptive statistics, and discusses some possible applications. The database provides a multi-faceted measure of reform, covering seven aspects of financial sector policy. Along each dimension the database provides a graded (rather than a binary) score, and allows for reversals.
Series:
Working Paper No. 2008/266
Subject:
Credit controls Financial sector Financial sector development Interest rate policy Securities markets
English
Publication Date:
December 1, 2008
ISBN/ISSN:
9781451871241/1018-5941
Stock No:
WPIEA2008266
Pages:
28
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