01835cas a2200265 a 4500 AALejournalIMF019261 230101c9999 xx r poo 0 0eng d 5.00 USD 9781498312011 1018-5941 BD-DhAAL BD-DhAAL Ben Naceur, Sami. Taming Financial Development to Reduce Crises / Sami Ben Naceur, Bertrand Candelon, Quentin Lajaunie. Washington, D.C. : International Monetary Fund, 2019. 1 online resource (28 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 assesses whether and how financial development triggers the occurrence of banking crises. It builds on a database that includes financial development as well as financial access, depth and efficiency for almost 100 countries. Through estimation of a dynamic logit panel model, it appears that financial development, from an institutional dimension and to a lesser extent from a market dimension, triggers financial instability within a one- to two-year horizon. Additionally, whereas financial access is destabilizing for advanced countries, it is stabilizing for emerging and low income ones. Both results have important implications for macroprudential policies and financial regulations. Mode of access: Internet Candelon, Bertrand. Lajaunie, Quentin. IMF Working Papers; Working Paper ; No. 2019/094 Full text available on IMF http://elibrary.imf.org/view/journals/001/2019/094/001.2019.issue-094-en.xml IMF e-Library