The Impact of Economic Securityon Bank Deposits and Investment

Author/Editor:

Michael Fabricius

Publication Date:

July 1, 1998

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 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. Its explanatory power 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.

Series:

Working Paper No. 1998/098

Subject:

Bank deposits Financial institutions Financial services Institutional arrangements for revenue administration Monetary base Money National accounts Private investment Revenue administration Securities

English

Publication Date:

July 1, 1998

ISBN/ISSN:

9781451852110/1018-5941

Stock No:

WPIEA0981998

Pages:

32

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