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02727nmm a2200601 u 4500 |
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EB002097258 |
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EBX01000000000000001237348 |
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221013 ||| eng |
100 |
1 |
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|a Cull, Robert
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245 |
0 |
0 |
|a World Bank Lending and Financial Sector Development
|h Elektronische Ressource
|c Cull, Robert
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260 |
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|a Washington, D.C
|b The World Bank
|c 2005
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300 |
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|a 37 p.
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653 |
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|a Conditionality
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653 |
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|a Adjustment Loan
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653 |
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|a Technical Assistance Loans
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653 |
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|a Macroeconomics and Economic Growth
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653 |
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|a Country Strategy and Performance
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653 |
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|a Financial Literacy
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653 |
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|a Adjustment
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653 |
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|a Pro-Poor Growth
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653 |
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|a Grants
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653 |
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|a Emerging Markets
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653 |
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|a Borrowing Countries
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653 |
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|a Development Economics
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653 |
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|a Funds
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653 |
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|a Lending Programs
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653 |
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|a Borrower
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653 |
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|a Adjustment Loans
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653 |
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|a Lending Services
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653 |
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|a World Bank Lending
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653 |
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|a Poverty Reduction
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653 |
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|a Economic Adjustment and Lending
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653 |
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|a Debt Markets
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653 |
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|a World Bank Loans
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653 |
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|a Private Sector Development
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653 |
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|a Financial Institutions
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653 |
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|a Finance and Financial Sector Development
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653 |
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|a Economic Theory and Research
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653 |
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|a Structural Adjustment Loans
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653 |
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|a Borrowers
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653 |
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|a Lending Rate
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653 |
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|a Banks and Banking Reform
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653 |
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|a Borrowing
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653 |
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|a World Bank
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700 |
1 |
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|a Effron, Laurie
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700 |
1 |
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|a Cull, Robert
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041 |
0 |
7 |
|a eng
|2 ISO 639-2
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989 |
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|b WOBA
|a World Bank E-Library Archive
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856 |
4 |
0 |
|u http://elibrary.worldbank.org/content/workingpaper/10.1596/1813-9450-3656
|x Verlag
|3 Volltext
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082 |
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|a 330
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520 |
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|a Using a new database of World Bank loans to support financial sector development, the authors investigate whether countries that received such loans experienced more rapid growth on standard indicators of financial development than countries that did not. They account for self-selection with treatment effects regressions, and also use propensity score matching techniques. The authors ' results indicate that borrowing countries had significantly more rapid growth in M2/GDP than non-borrowers, and swifter reductions in interest rate spreads and cash holdings (as a share of M2). Borrowers also had higher private credit growth rates than non-borrowers in treatment effects regressions, but not in standard panel regressions with fixed country effects. On the whole, however, the results indicate significant advantages for borrowers over non-borrowers in terms of financial development
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