Email RIS file
Bookmark
Report an Issue

Mother, Can I Trust the Government?Sustained Financial Deepening - a Political Institutionsview [electronic resource]

Author
Quintyn, Marc
Published
Washington : International Monetary Fund Sept. 2010
Physical Description
22 p.
Additional Creators
Verdier, Genevive
Access Online

Availability

I Want It
I Want It

Finding items...

Restrictions on Access
License restrictions may limit access.
Summary
Annotation Only a minority of countries have succeeded in establishing a developed financial system, despite widespread financial liberalization. Confronted with this finding, the political institutions view claims that sustained financial deepening is most likely to take place in institutional environments where governments effectively impose constraints on their own powers in order to create trust. This paper identifies over 200 post-1960 episodes of accelerations in financial development in a large cross-section of countries. We find that the likelihood of an acceleration leading to sustained financial development increases greatly in environments that have high-quality political institutions.
Genre(s)
ISBN
9781455205417
1455205419 (Trade Paper)
View MARC record | catkey: 44821718