01980cas a2200277 a 4500 AALejournalIMF013475 230101c9999 xx r poo 0 0eng d 5.00 USD 9781484351086 1018-5941 BD-DhAAL BD-DhAAL Barajas, Adolfo. Too Cold, Too Hot, or Just Right? : Assessing Financial Sector Development Across the Globe / Adolfo Barajas, Thorsten Beck, Era Dabla-Norris, Seyed Reza Yousefi. Washington, D.C. : International Monetary Fund, 2013. 1 online resource (30 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 introduces the concept of the financial possibility frontier as a constrained optimum level of financial development to gauge the relative performance of financial systems across the globe. This frontier takes into account structural country characteristics, institutional, and macroeconomic factors that impact financial system deepening. We operationalize this framework using a benchmarking exercise, which relates the difference between the actual level of financial development and the level predicted by structural characteristics, to an array of policy variables. We also show that an overshooting of the financial system significantly beyond levels predicted by its structural fundamentals is associated with credit booms and busts. Mode of access: Internet Beck, Thorsten. Dabla-Norris, Era. Yousefi, Seyed Reza. IMF Working Papers; Working Paper ; No. 2013/081 Full text available on IMF http://elibrary.imf.org/view/journals/001/2013/081/001.2013.issue-081-en.xml IMF e-Library