01821cas a2200253 a 4500 AALejournalIMF005474 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451871234 1018-5941 BD-DhAAL BD-DhAAL Tressel, Thierry. Do Financial Sector Reforms Lead to Financial Development? : Evidence from a New Dataset / Thierry Tressel, Enrica Detragiache. Washington, D.C. : International Monetary Fund, 2008. 1 online resource (42 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper studies whether the policies that, over the past decades, liberalized bankingsystems around the world have resulted in deeper credit markets. To measure banking sectorreforms we use a new index that tracks policy changes in five separate areas for 91 countriesover 1973-2005. We find that reforms have led to financial deepening, but only in countrieswith institutions that place checks and balances on political power. We interpret this asevidence of a complementarity between financial sector reforms and political institutions thatprotect property rights. Other country characteristics do not seem to significantly influencethe effect of banking reforms on financial development. Mode of access: Internet Detragiache, Enrica. IMF Working Papers; Working Paper ; No. 2008/265 Full text available on IMF http://elibrary.imf.org/view/journals/001/2008/265/001.2008.issue-265-en.xml IMF e-Library