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The Recent Convergence of Financial Development in Asia

dc.contributor.authorDekle, Robert
dc.contributor.authorPundit, Madhavi
dc.date.accessioned2015-07-30T01:31:18Z
dc.date.available2015-07-30T01:31:18Z
dc.date.issued2015-07-30
dc.identifier.urihttp://hdl.handle.net/11540/5083
dc.description.abstractWe construct an index of financial development for 23 Asian economies based on subindices of access, depth, and efficiency of financial institutions and markets, and find evidence that economies with weaker financial systems are catching up to the Asian benchmark economies. Gross domestic product (GDP) per capita, aggregate GDP, and mobile subscriptions all increase the growth rate of financial development in Asian economies, while institutional factors have insignificant or ambiguous effects.en_US
dc.languageEnglishen_US
dc.publisherAsian Development Banken_US
dc.rightsCC BY 3.0 IGOen_US
dc.rights.urihttps://creativecommons.org/licenses/by/3.0/igo/en_US
dc.titleThe Recent Convergence of Financial Development in Asiaen_US
dc.subject.expertFinancial Inclusionen_US
dc.subject.expertDevelopmenten_US
dc.subject.expertFinanceen_US
dc.subject.expertDevelopment Challengesen_US
dc.subject.expertDevelopment Issuesen_US
dc.subject.adbStrategic planningen_US
dc.subject.adbDevelopment plansen_US
dc.subject.adbInternational Monetary Relationsen_US
dc.subject.naturalLoansen_US
dc.subject.naturalGrantsen_US
dc.title.seriesEconomics Working Paper Series
dc.title.volumeNo. 440
oar.themeFinanceen_US
scholarcheck.prominentcontributor0
scholarcheck.peerreviewed0
scholarcheck.contributor.hascontributor1
scholarcheck.serial.hasserial1
scholarcheck.topic.cleartopic1
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scholarcheck.language.technicaltone1
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oar.authorDekle, Robert
oar.authorPundit, Madhavi
oar.googlescholar.linkpresenttrue


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