01917cas a2200265 a 4500 AALejournalIMF015402 230101c9999 xx r poo 0 0eng d 5.00 USD 9781513501178 1018-5941 BD-DhAAL BD-DhAAL Almarzoqi, Raja. What Matters for Financial Development and Stability? / Raja Almarzoqi, Sami Ben Naceur, Akshay Kotak. Washington, D.C. : International Monetary Fund, 2015. 1 online resource (44 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 study aims to identify policies that influence the development of financial institutions as measured across three dimensions: depth, efficiency, and stability. Applying the concept of the financial possibility frontier, developed by Beck and Feyen (2013) and formalized by Barajas et al (2013a), we determine key policy variables affecting the gap between actual levels of development and benchmarks predicted by structural variables. Our dynamic panel estimation shows that inflation, trade openness, institutional quality, and banking crises significantly affect financial development. Our analysis also helps identify potential complementarities and trade-offs for policy makers, based on the effect of the policy variables across the different dimensions of financial development. Mode of access: Internet Ben Naceur, Sami. Kotak, Akshay. IMF Working Papers; Working Paper ; No. 2015/173 Full text available on IMF http://elibrary.imf.org/view/journals/001/2015/173/001.2015.issue-173-en.xml IMF e-Library