The Impact of Economic Securityon Bank Deposits and Investment
IMF Working Papers, July 1, 1998
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- The Impact of Economic Securityon Bank Deposits and Investment
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Bibliographic details
- Authors: Michael Fabricius
- Published: July 1, 1998
- Series: IMF Working Papers
Summary
- This paper highlights the importance of institutions in explaining the variation of investment rates and of two measures of bank deposits across countries.
- A general index of economic security is created for 130 countries.
- The explanatory power of the general index is compared with measures of specific institutional arrangements.
- For investment as well as for bank deposits, specific institutional factors are shown to be highly significant and outperform the general index.
Key findings
- Institutions are important determinants of cross-country variation in investment rates.
- Institutions are important determinants of cross-country variation in two measures of bank deposits.
- A general index of economic security (constructed for 130 countries) has explanatory power, but:
- Specific institutional factors are highly significant.
- Specific institutional factors outperform the general index in explaining both investment and bank deposits.
Methodology and scope
- Construction of a general index of economic security covering 130 countries.
- Comparative analysis between the general index and measures of specific institutional arrangements.
- Empirical focus on investment rates and two measures of bank deposits across countries.
Subjects and keywords
- Subject: Bank deposits, Financial institutions, Financial services, Institutional arrangements for revenue administration, Monetary base, Money, National accounts, Private investment, Revenue administration, Securities
- Keywords: Bank Deposits, Caribbean, country, deposit, Eastern Europe, Economic Security, Gastil index, government interference, Ind. country, index hinge, Institutional arrangements for revenue administration, Institutions, Investment, investment rate, Middle East, Middle Eastern country, Monetary base, nonindustrial country, political system, pooling variable, Private investment, Securities, standard deviation, variable, variables researcher, worse-than-average investment performance, WP
IMF Working Paper — "The Impact of Economic Securityon Bank Deposits and Investment", Michael Fabricius, July 1, 1998.
Content in this bundle
- The Impact of Economic Security on Bank Deposits and Investment - WP/98/98