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090325s2008 dcua b i000 0 eng d |
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‡asdr-inu8249036
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‡a(OCoLC)317047346
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‡aDJB
‡cDJB
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‡aHG3881.5.I58
‡bW67 NO.08/265
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100 |
1 |
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‡aTressel, Thierry.
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245 |
1 |
0 |
‡aDo financial sector reforms lead to financial development? :
‡bevidence from a new dataset /
‡cprepared by Thierry Tressel and Enrica Detragiache.
|
260 |
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‡aWashington, D.C. :
‡bInternational Monetary Fund,
‡cc2008.
|
300 |
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‡a42 p. :
‡bill. ;
‡c28 cm.
|
500 |
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‡a"December 2008."
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500 |
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‡aAt head of title: Research Department and IMF Institute.
|
504 |
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‡aIncludes bibliographical references (p. 22-25).
|
520 |
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‡aThis paper studies whether the policies that, over the past decades, liberalized banking systems around the world have resulted in deeper credit markets. To measure banking sector reforms we use a new index that tracks policy changes in five separate areas for 91 countriesover 1973-2005. We find that reforms have led to financial deepening, but only in countries with institutions that place checks and balances on political power. We interpret this asevidence of a complementarity between financial sector reforms and political institutions that protect property rights. Other country characteristics do not seem to significantly influencethe effect of banking reforms on financial development.
|
530 |
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‡aAlso available via the World Wide Web.
|
538 |
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‡aMode of access: Internet.
|
650 |
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‡aRight of property
‡xEconometric models.
|
650 |
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0 |
‡aBanks and banking
‡xEconometric models.
|
650 |
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0 |
‡aFinance
‡xEconometric models.
|
650 |
⊔ |
0 |
‡aEconomic development
‡xEconometric models.
|
700 |
1 |
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‡aDetragiache, Enrica.
|
710 |
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‡aIMF Institute.
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710 |
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‡aInternational Monetary Fund.
‡bResearch Dept.
|
830 |
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‡aIMF working paper ;
‡vWP/08/265.
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‡b2024-01-28T18:38:19Z
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‡lloader.pl-001-001
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‡ric
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‡tUS bib date1 >= 1929
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