New Database of Financial Reforms.
Title:
New Database of Financial Reforms.
Author:
Detragiache, Enrica.
ISBN:
9781451915778
Personal Author:
Physical Description:
1 online resource (30 pages)
Series:
IMF Working Papers
Contents:
Contents -- I. Introduction -- II. Construction of the Database -- III. Comparison to Other Databases -- IV. Descriptive Statistics -- V. Conclusions -- Tables -- 1. Country Coverage of the Financial Reform Database -- 2. Summary Statistics for Financial Liberalization Components and Index -- 3. Correlations Among Financial Liberalization Components: Levels and Changes -- 4. Distribution of Financial Sector Policy Change, Full Sample and by Country Groups -- 5. Degree of Financial Liberalization by Components, Average 2005 -- Figures -- 1. Financial Liberalization Index by Country Groups, 1973-2005 -- 2. Distribution of Financial Sector Policy Changes Over Time, 1973-2005 -- Appendix I. Coding Rules -- Appendix II. Information Sources -- References.
Abstract:
Large inflows from the European Union to the New Member States are likely to significantlyimpact macroeconomic outcomes. In this paper, we use the IMF's Global Integrated Monetaryand Fiscal model (GIMF) to analyze the impact of the transfers and show the conditionsunder which they would help speed up convergence. We find that the EU funds need to bedirected predominantly to investment rather than to income support and that to bestaccompany the EU fund inflows, the policy-mix would need to combine counter-cyclicalpolicy with a strong commitment to the existing monetary regime.
Local Note:
Electronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2017. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries.
Genre:
Electronic Access:
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