## A New Database of Financial Reforms

_IMF Working Papers, December 1, 2008_

## Source details

**Canonical URL:** [A New Database of Financial Reforms](https://www.imf.org/en/publications/wp/issues/2016/12/31/a-new-database-of-financial-reforms-22485)

## Other formats

- [Markdown version](/en/publications/wp/issues/2016/12/31/a-new-database-of-financial-reforms-22485/index.md)
- [Structured JSON version](/en/publications/wp/issues/2016/12/31/a-new-database-of-financial-reforms-22485/index.json)
- [Bundle manifest](/en/publications/wp/issues/2016/12/31/a-new-database-of-financial-reforms-22485/bundle-manifest.json)

## 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.

---

## Content in this bundle

- **Wp08266**
  - [Wp08266 (Markdown version)](/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/wp/2008/_wp08266.pdf.md){rel="alternate" type="text/markdown"}
  - [Wp08266 (PDF)](/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/wp/2008/_wp08266.pdf){rel="external" type="application/pdf"}

---

_Source: https://www.imf.org/en/publications/wp/issues/2016/12/31/a-new-database-of-financial-reforms-22485_