Quality of Financial Policies and Financial System Stress /

In this paper, we develop multi-country indices of financial system stress and quality of financial policies and use them in regression analysis of the determinants of financial stress. We find that countries with higher quality of financial policies are better able to contain the effects of macroec...

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Bibliografski detalji
Glavni autor: Das, Udaibir
Daljnji autori: Podpiera, Richard, Rozhkov, Dmitriy, Yossifov, Plamen
Format: Žurnal
Jezik:English
Izdano: Washington, D.C. : International Monetary Fund, 2005.
Serija:IMF Working Papers; Working Paper ; No. 2005/173
Online pristup:Full text available on IMF
Opis
Sažetak:In this paper, we develop multi-country indices of financial system stress and quality of financial policies and use them in regression analysis of the determinants of financial stress. We find that countries with higher quality of financial policies are better able to contain the effects of macroeconomic pressures on the overall level of stress in the financial system. They are also in a better position to ensure sustainable development of the financial system.
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Opis:1 online resource (49 pages)
Format:Mode of access: Internet
ISSN:1018-5941
Pristup:Electronic access restricted to authorized BRAC University faculty, staff and students