Simplice A., Asongu (2011): New financial intermediary development indicators for developing countries. Forthcoming in:
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Financial development indicators are often applied to countries/regions without taking into account specific financial development realities. Financial depth in the perspective of monetary base is not equal to liquid liabilities in every development context. This paper introduces complementary indicators to the existing Financial Development and Structure Database (FDSD) and unites two streams of research. It contributes at the same time to the macroeconomic literature on measuring financial development and responds to the growing field of economic development by means of informal financial sector promotion and microfinance. The paper suggests a practicable way to disentangle the effects of the various financial sectors on economic developments.
|Item Type:||MPRA Paper|
|Original Title:||New financial intermediary development indicators for developing countries|
|Keywords:||Finance; Development; Formalization; Panel; Developing Countries|
|Subjects:||E - Macroeconomics and Monetary Economics > E0 - General > E00 - General
E - Macroeconomics and Monetary Economics > E2 - Consumption, Saving, Production, Investment, Labor Markets, and Informal Economy > E26 - Informal Economy ; Underground Economy
|Depositing User:||Simplice Anutechia Asongu|
|Date Deposited:||24. Apr 2012 12:28|
|Last Modified:||15. Sep 2015 19:41|
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New financial intermediary development indicators for developing countries. (deposited 16. May 2011 12:34)
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