Mother, Can I Trust the Government? Sustained Financial Deepening: A Political Institutionsview
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 wh...
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Format: | Elektronisch E-Book |
Sprache: | English |
Veröffentlicht: |
Washington, D.C
International Monetary Fund
2010
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Schriftenreihe: | IMF Working Papers
Working Paper No. 10/210 |
Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext |
Zusammenfassung: | 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 |
Beschreibung: | 1 Online-Ressource (42 p) |
ISBN: | 1455205419 9781455205417 |
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spelling | Quintyn, Marc Verfasser aut Mother, Can I Trust the Government? Sustained Financial Deepening A Political Institutionsview Quintyn, Marc Washington, D.C International Monetary Fund 2010 1 Online-Ressource (42 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 10/210 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 Online-Ausg Verdier, Geneviève Sonstige oth http://elibrary.imf.org/view/IMF001/11275-9781455205417/11275-9781455205417/11275-9781455205417.xml Verlag URL des Erstveröffentlichers Volltext |
spellingShingle | Quintyn, Marc Mother, Can I Trust the Government? Sustained Financial Deepening A Political Institutionsview |
title | Mother, Can I Trust the Government? Sustained Financial Deepening A Political Institutionsview |
title_auth | Mother, Can I Trust the Government? Sustained Financial Deepening A Political Institutionsview |
title_exact_search | Mother, Can I Trust the Government? Sustained Financial Deepening A Political Institutionsview |
title_exact_search_txtP | Mother, Can I Trust the Government? Sustained Financial Deepening A Political Institutionsview |
title_full | Mother, Can I Trust the Government? Sustained Financial Deepening A Political Institutionsview Quintyn, Marc |
title_fullStr | Mother, Can I Trust the Government? Sustained Financial Deepening A Political Institutionsview Quintyn, Marc |
title_full_unstemmed | Mother, Can I Trust the Government? Sustained Financial Deepening A Political Institutionsview Quintyn, Marc |
title_short | Mother, Can I Trust the Government? Sustained Financial Deepening |
title_sort | mother can i trust the government sustained financial deepening a political institutionsview |
title_sub | A Political Institutionsview |
url | http://elibrary.imf.org/view/IMF001/11275-9781455205417/11275-9781455205417/11275-9781455205417.xml |
work_keys_str_mv | AT quintynmarc mothercanitrustthegovernmentsustainedfinancialdeepeningapoliticalinstitutionsview AT verdiergenevieve mothercanitrustthegovernmentsustainedfinancialdeepeningapoliticalinstitutionsview |