Sistema financiero

Solo disponible en BuenasTareas
  • Páginas : 2 (303 palabras )
  • Descarga(s) : 0
  • Publicado : 8 de marzo de 2011
Leer documento completo
Vista previa del texto
A New Database on Financial Development and Structure

Thorsten Beck
Tilburg University - European Banking Center, CentER

Asli Demirgüç-Kunt
World Bank - Development Research Group (DECRG)Ross Levine
Brown University - Department of Economics; National Bureau of Economic Research (NBER)

June 1999

World Bank Policy Research Working Paper No. 2146

Abstract:
This newdatabase of indicators of financial development and structure across countries and over time unites a range of indicators that measure the size, activity, and efficiency of financial intermediariesand markets.

Beck, Demirguc-Kunt, and Levine introduce a new database of indicators of financial development and structure across countries and over time.
This database is unique in that itunites a variety of indicators that measure the size, activity, and efficiency of financial intermediaries and markets.

It improves on previous efforts by presenting data on the public share ofcommercial banks, by introducing indicators of the size and activity of nonbank financial institutions, and by presenting measures of the size of bond and primary equity markets.

The compiled data permitthe construction of financial structure indicators to measure whether, for example, a country's banks are larger, more active, and more efficient than its stock markets.

These indicators can thenbe used to investigate the empirical link between the legal, regulatory, and policy environment and indicators of financial structure. They can also be used to analyze the implications of financialstructure for economic growth.

Beck, Demirguc-Kunt, and Levine describe the sources and construction of, and the intuition behind, different indicators and present descriptive statistics.

Thispaper - a product of Finance, Development Research Group - is part of a broader effort in the group to understand the determinants of financial structure and its importance to economic development....
tracking img