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Economic information and finance : more information means more credit, fewer bad loans, and less corruption

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  • Islam, Roumeen

Abstract

This paper builds on recent work that shows how financial sector outcomes are affected by the provision of information by financial and other entities. In particular, it shows that an indicator of economic transparency is positively related to higher levels of private credit and a lower share of nonperforming loans even after accounting for factors commonly believed to influence financial sector development in cross-country empirical estimation. Timely access to economic data allows investors to make better decisions on investments and to better monitor banks'financial health. Greater economic transparency raises accountability and lowers corruption in bank lending.

Suggested Citation

  • Islam, Roumeen, 2007. "Economic information and finance : more information means more credit, fewer bad loans, and less corruption," Policy Research Working Paper Series 4250, The World Bank.
    • Handle: RePEc:wbk:wbrwps:4250
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    Citations

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    Cited by:

    1. Mariusz Jarmuzek & Mr. Tonny Lybek, 2018. "Can Good Governance Lower Financial Intermediation Costs?," IMF Working Papers 2018/279, International Monetary Fund.
    2. Rajeev Goel & Iftekhar Hasan, 2011. "Economy-wide corruption and bad loans in banking: international evidence," Applied Financial Economics, Taylor & Francis Journals, vol. 21(7), pages 455-461.

    More about this item

    Keywords

    Banks&Banking Reform; Financial Intermediation; Economic Theory&Research; Insurance&Risk Mitigation; Investment and Investment Climate;
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