New financial intermediary development indicators for developing countries
AbstractFinancial development indicators are often applied to countries/regions without taking into account specific financial development realities. Financial depth in the perspective of monetary base is not equal to liquid liabilities in every development context. This paper introduces complementary indicators to the existing Financial Development and Structure Database (FDSD) and unites two streams of research. It contributes at the same time to the macroeconomic literature on measuring financial development and responds to the growing field of economic development by means of informal financial sector promotion and microfinance. The paper suggests a practicable way to disentangle the effects of the various financial sectors on economic developments.
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Bibliographic InfoPaper provided by African Governance and Development Institute. in its series Working Papers with number 11/005.
Date of creation: 15 May 2011
Date of revision:
Finance; Development; Formalization; Panel; Developing Countries;
Other versions of this item:
- Simplice A., Asongu, 2011. "New financial intermediary development indicators for developing countries," MPRA Paper 30921, University Library of Munich, Germany.
- E00 - Macroeconomics and Monetary Economics - - General - - - General
- E26 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Informal Economy; Underground Economy
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