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Cross-Country Differences in Credit Market Liberalization Reform Outcomes

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  • Stankov Petar

Abstract

The paper analyzes the influence of credit market liberalization on economic growth in more than 100 economies over a period of 30 years. Liberalizing early and consistently is associated with higher living standards. However, although the timing of the reform seems to matter in raising living standards, other factors affect growth even more. Among those are the initial reform conditions, the structure of the economy, and the time-invariant regional characteristics.

Suggested Citation

  • Stankov Petar, 2012. "Cross-Country Differences in Credit Market Liberalization Reform Outcomes," EERC Working Paper Series 12/04e, EERC Research Network, Russia and CIS.
    • Handle: RePEc:eer:wpalle:12/04e
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    References listed on IDEAS

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    Cited by:

    1. Perugini, Cristiano & Hölscher, Jens & Collie, Simon, 2013. "Inequality, credit expansion and financial crises," MPRA Paper 51336, University Library of Munich, Germany.
    2. Jan Babecky & Tomas Havranek, 2013. "Structural Reforms and Economic Growth: A Meta-Analysis," Working Papers 2013/08, Czech National Bank.
    3. Ketteni, Elena & Kottaridi, Constantina, 2019. "Credit market deregulation and economic growth: Further insights using a marginal integration approach," Journal of Macroeconomics, Elsevier, vol. 62(C).

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    More about this item

    JEL classification:

    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation
    • E02 - Macroeconomics and Monetary Economics - - General - - - Institutions and the Macroeconomy
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development

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