Informational Quality of Financial Systems and Economic Development: An Indicators Approach for East Asia
Chan-Lee, James H.; Ahn, Sanghoon | June 2001
Abstract
In this ground-breaking study, over 50 countries, including emerging market economies (EMEs) and OECD, are examined for the informational quality of their financial systems using nearly 30 microeconomic and institutional indicators. By assessing recent institutional and structural reforms against a statistical benchmark, the findings suggest disproportionate gains occur in per capita GDP with improvements in the social infrastructure. The authors also find that better enforcement of law is more important than the origins of legal systems. This new indicator could be used to make more transparent and insightful strategic diagnoses of EMEs' financial systems and to assess and compare systemic risks.
Citation
Chan-Lee, James H.; Ahn, Sanghoon. 2001. Informational Quality of Financial Systems and Economic Development: An Indicators Approach for East Asia. © Asian Development Bank Institute. http://hdl.handle.net/11540/4125. License: CC BY 3.0 IGO.Keywords
Economic Development
Economic Infrastructure
Economic Policies
Regional Economic Development
Microfinance Programs
Public Finance
Local Financing
Financial Stability
Financial Sector Regulation
Enterprises
Financial aid
Economies in transition
Local Finance
Local Government
Insurance Companies
Banks
Social Equity
Social responsibility of business
Accounting
Personal budgets
Cost and standard of living
Bank accounts
Credit control
Regulatory reform
Banks and banking
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Citable URI
http://hdl.handle.net/11540/4125Metadata
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