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Quality of Financial Policies and Financial System Stress

In this paper, we develop multi-country indices of financial system stress and quality of financial policies and use them in regression analysis of the determinants of financial stress. We find that countries with higher quality of financial policies are better able to contain the effects of macroec...

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Bibliographic Details
Main Author: Das, Udaibir
Other Authors: Podpiera, Richard, Rozhkov, Dmitriy, Yossifov, Plamen
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2005
Series:IMF Working Papers
Subjects:
Economic & Financial Crises & Disasters
Depository Institutions
Commercial Banks
Stock Exchanges
Banks
Finance
Financial Crises
Industries: Financial Services
Banks And Banking
Financial Institutions
General Financial Markets: Government Policy And Regulation
Micro Finance Institutions
General Financial Markets: General (includes Measurement And Data)
Mortgages
Economic Sectors
International Financial Markets
Currency Markets
Financial Markets
Stock Markets
Financial Institutions And Services: General
Financial Services Industry
Banking
Foreign Exchange Market
Financial Risk Management
Finance: General
Financial Sector
United States
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
Description
Summary:In this paper, we develop multi-country indices of financial system stress and quality of financial policies and use them in regression analysis of the determinants of financial stress. We find that countries with higher quality of financial policies are better able to contain the effects of macroeconomic pressures on the overall level of stress in the financial system. They are also in a better position to ensure sustainable development of the financial system
Physical Description:49 pages
ISBN:9781451861921

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