A New Database of Financial Reforms

Author/Editor:

Enrica Detragiache ; Abdul d Abiad ; Thierry Tressel

Publication Date:

December 1, 2008

Electronic Access:

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Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary:

This paper introduces a new database of financial reforms, covering 91 economies over 1973–2005. It describes the content of the database, the information sources utilized, and the coding rules used to create an index of financial reform. It also compares the database with other measures of financial liberalization, provides descriptive statistics, and discusses some possible applications. The database provides a multi-faceted measure of reform, covering seven aspects of financial sector policy. Along each dimension the database provides a graded (rather than a binary) score, and allows for reversals.

Series:

Working Paper No. 08/266

Subject:

English

Publication Date:

December 1, 2008

ISBN/ISSN:

9781451871241/1018-5941

Stock No:

WPIEA2008266

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

28

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