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IMF Staff Papers, Volume 57, No. 2

IMF Staff Papers, Volume 57, No. 2 PDF Author: International Monetary Fund. Research Dept.
Publisher: International Monetary Fund
ISBN: 1589069129
Category : Business & Economics
Languages : en
Pages : 244

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Book Description
This paper introduces a new database of financial reforms covering 91 economies over 1973-2005. It describes the content of the database, the information sources utilized, and the coding rules used to create an index of financial reform. It also compares the database with other measures of financial liberalization, provides descriptive statistics, and discusses some possible applications. The database provides a multifaceted measure of reform, covering seven aspects of financial sector policy. Along each dimension the database provides a graded (rather than a binary) score, and allows for reversals.