A New Database of Financial Reforms
IMF Working Papers, December 1, 2008
Source details
- Canonical URL
- A New Database of Financial Reforms
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Bibliographic details
- Authors: Enrica Detragiache, Abdul d Abiad, Thierry Tressel
- Published: December 1, 2008
- Series: IMF Working Papers
- DOI: https://doi.org/10.5089/9781451871241.001
Overview and scope
- Introduces a new database of financial reforms covering 91 economies over 1973–2005.
- 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.
- The paper describes the content of the database, the information sources utilized, and the coding rules used to create an index of financial reform.
Methodology and coding
- Describes information sources utilized to construct the database.
- Specifies coding rules used to create an index of financial reform.
- Emphasizes a graded scoring approach for each dimension rather than binary coding.
- Explicitly allows for reversals in reform measures.
Measures, comparisons, and descriptive statistics
- Compares the database with other measures of financial liberalization.
- Provides descriptive statistics on the database coverage and measures.
- Discusses possible applications of the database for research and policy analysis.
Key substantive features and themes
- Multi-dimensional coverage: seven aspects of financial sector policy.
- Temporal coverage: 1973–2005.
- Cross-country coverage: 91 economies.
- Scoring approach: graded scores on each dimension; reversals permitted.