Benchmarking Financial Development

Beck, Thorsten ; Feyen, Erik ; Ize, Alain ; Moizeszowicz, Florencia

World Bank, Washington, DC

关键词: ACCOUNTING;    ASSET-BACKED SECURITIES;    ATM;    ATMS;    BALANCE SHEET;   

DOI  :  10.1596/1813-9450-4638
RP-ID  :  WPS4638

学科分类：社会科学、人文和艺术（综合）

来源: World Bank Open Knowledge Repository

【 摘 要 】

Capitalizing on recent improvements inthe availability of cross-country financial sector data,this paper proposes a standard methodology for benchmarkingthe policy component of financial development. Systematiccontrols are introduced to isolate main structural countrycharacteristics and a principal components analysis is usedto help identify a parsimonious set of ten "core"outcome indicators from a broader set of twenty sevenpotential indicators covering different dimensions ofdevelopment in both financial institutions and financialmarkets. Such a broad-based approach helps reveal importantdeterminants and regularities of the process of financialdevelopment. The paper also identifies some of the main datagaps that will need to be filled to allow further progressin financial benchmarking looking forward.