Financial Sector Strategies and Financial Sector Outcomes
Financial sector strategies enable financial policy makers and stakeholders to take a holistic view of the financial development needs in their country and formulate balanced financial policies. They help policy makers consider the systemic risk that different development policies involve and choose an informed way forward. This study constructed a new data set of historical financial sector strategies covering 150 countries over 1985-2014. It assesses the strategies using the rating criteria proposed by Maimbo and Melecky (2014). It further investigates how the quality of the strategies can affect financial sector outcomes, such as financial depth, inclusion, efficiency, and stability. The investigation finds that the use of financial sector strategies helped increase financial sector deepening, inclusion, and stability, and this impact could be greater for higher-quality strategies. However, a significant relationship between the use of strategies and the efficiency of banks is not confirmed. One way how financial sector strategies can improve financial sector outcomes is by improving the regulatory framework for finance.
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Format: | Working Paper biblioteca |
Language: | English |
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World Bank, Washington, DC
2018-01
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Subjects: | FINANCIAL INCLUSION, FINANCIAL DEPTH, STABILITY, EFFICIENCY, POLICY COORDINATION, POLICY TRADEOFFS, |
Online Access: | http://documents.worldbank.org/curated/en/731031516722333398/Financial-sector-strategies-and-financial-sector-outcomes-do-the-strategies-perform https://hdl.handle.net/10986/29282 |
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dig-okr-10986292822024-08-09T08:13:40Z Financial Sector Strategies and Financial Sector Outcomes Do the Strategies Perform? Melecky, Martin Podpiera, Anca Maria Melecky, Martin FINANCIAL INCLUSION FINANCIAL DEPTH STABILITY EFFICIENCY POLICY COORDINATION POLICY TRADEOFFS Financial sector strategies enable financial policy makers and stakeholders to take a holistic view of the financial development needs in their country and formulate balanced financial policies. They help policy makers consider the systemic risk that different development policies involve and choose an informed way forward. This study constructed a new data set of historical financial sector strategies covering 150 countries over 1985-2014. It assesses the strategies using the rating criteria proposed by Maimbo and Melecky (2014). It further investigates how the quality of the strategies can affect financial sector outcomes, such as financial depth, inclusion, efficiency, and stability. The investigation finds that the use of financial sector strategies helped increase financial sector deepening, inclusion, and stability, and this impact could be greater for higher-quality strategies. However, a significant relationship between the use of strategies and the efficiency of banks is not confirmed. One way how financial sector strategies can improve financial sector outcomes is by improving the regulatory framework for finance. 2018-01-31T19:38:42Z 2018-01-31T19:38:42Z 2018-01 Working Paper Document de travail Documento de trabajo http://documents.worldbank.org/curated/en/731031516722333398/Financial-sector-strategies-and-financial-sector-outcomes-do-the-strategies-perform https://hdl.handle.net/10986/29282 English Policy Research Working Paper;No. 8315 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank application/pdf text/plain World Bank, Washington, DC |
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topic |
FINANCIAL INCLUSION FINANCIAL DEPTH STABILITY EFFICIENCY POLICY COORDINATION POLICY TRADEOFFS FINANCIAL INCLUSION FINANCIAL DEPTH STABILITY EFFICIENCY POLICY COORDINATION POLICY TRADEOFFS |
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FINANCIAL INCLUSION FINANCIAL DEPTH STABILITY EFFICIENCY POLICY COORDINATION POLICY TRADEOFFS FINANCIAL INCLUSION FINANCIAL DEPTH STABILITY EFFICIENCY POLICY COORDINATION POLICY TRADEOFFS Melecky, Martin Podpiera, Anca Maria Melecky, Martin Financial Sector Strategies and Financial Sector Outcomes |
description |
Financial sector strategies enable
financial policy makers and stakeholders to take a holistic
view of the financial development needs in their country and
formulate balanced financial policies. They help policy
makers consider the systemic risk that different development
policies involve and choose an informed way forward. This
study constructed a new data set of historical financial
sector strategies covering 150 countries over 1985-2014. It
assesses the strategies using the rating criteria proposed
by Maimbo and Melecky (2014). It further investigates how
the quality of the strategies can affect financial sector
outcomes, such as financial depth, inclusion, efficiency,
and stability. The investigation finds that the use of
financial sector strategies helped increase financial sector
deepening, inclusion, and stability, and this impact could
be greater for higher-quality strategies. However, a
significant relationship between the use of strategies and
the efficiency of banks is not confirmed. One way how
financial sector strategies can improve financial sector
outcomes is by improving the regulatory framework for finance. |
format |
Working Paper |
topic_facet |
FINANCIAL INCLUSION FINANCIAL DEPTH STABILITY EFFICIENCY POLICY COORDINATION POLICY TRADEOFFS |
author |
Melecky, Martin Podpiera, Anca Maria Melecky, Martin |
author_facet |
Melecky, Martin Podpiera, Anca Maria Melecky, Martin |
author_sort |
Melecky, Martin |
title |
Financial Sector Strategies and Financial Sector Outcomes |
title_short |
Financial Sector Strategies and Financial Sector Outcomes |
title_full |
Financial Sector Strategies and Financial Sector Outcomes |
title_fullStr |
Financial Sector Strategies and Financial Sector Outcomes |
title_full_unstemmed |
Financial Sector Strategies and Financial Sector Outcomes |
title_sort |
financial sector strategies and financial sector outcomes |
publisher |
World Bank, Washington, DC |
publishDate |
2018-01 |
url |
http://documents.worldbank.org/curated/en/731031516722333398/Financial-sector-strategies-and-financial-sector-outcomes-do-the-strategies-perform https://hdl.handle.net/10986/29282 |
work_keys_str_mv |
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1807158362797768704 |