Economic Information and Finance : More Information Means More Credit, Fewer Bad Loans, and Less Corruption | |
Islam, Roumeen | |
World Bank, Washington, DC | |
关键词: ACCOUNTABILITY; ACCOUNTING; ADVERSE SELECTION; AGENTS; AUDITORS; | |
DOI : 10.1596/1813-9450-4250 RP-ID : WPS4250 |
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学科分类:社会科学、人文和艺术(综合) | |
来源: World Bank Open Knowledge Repository | |
【 摘 要 】
This paper builds on recent work thatshows how financial sector outcomes are affected by theprovision of information by financial and other entities. Inparticular, it shows that an indicator of economictransparency is positively related to higher levels ofprivate credit and a lower share of nonperforming loans evenafter accounting for factors commonly believed to influencefinancial sector development in cross-country empiricalestimation. Timely access to economic data allows investorsto make better decisions on investments and to bettermonitor banks' financial health. Greater economictransparency raises accountability and lowers corruption inbank lending.
【 预 览 】
Files | Size | Format | View |
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wps4250.pdf | 361KB | download |