Institutional Quality And Financial Stress: Experience From Emerging Country
The purpose of this study is to assess the institutional determinants of financial stress. In particular, we focus on the link between institutional quality and financial instability as measured by the financial stress index. The sample under-study covers the period 1996-2011 for a panel of 21 developping countries. The retreat in MCG showed that the quality of institutions enunciating the freedom of expression and accountability, political stability and anti- violence, government effectiveness, regulatory quality and the rule of the law, appeared statistically in significance with the index of financial stress. Then, a better institutional quality will help bring down the financial tensions and stabilize financial markets. A set of institutional reforms will be urgently requested.
Volume (Year): 8 (2013)
Issue (Month): 3 (December)
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