The Little Data Book on Financial Development 2013
The little data book on financial development 2013 is a pocket edition of the global financial development database published as part of the work on the global financial development report 2013: rethinking the role of the state in finance. The glob...
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| Format: | Publication |
| Language: | English en_US |
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Washington, DC: World Bank
2012
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| Online Access: | http://documents.worldbank.org/curated/en/2012/10/16928991/little-data-book-financial-development-2013 http://hdl.handle.net/10986/11966 |
| Summary: | The little data book on financial
development 2013 is a pocket edition of the global financial
development database published as part of the work on the
global financial development report 2013: rethinking the
role of the state in finance. The global financial
development database is an extensive dataset of financial
system characteristics for 203 economies. The database
includes measures of (1) size of financial institutions and
markets (financial depth), (2) degree to which individuals
can and do use financial services (access), (3) efficiency
of financial intermediaries and markets in intermediating
resources and facilitating financial transactions
(efficiency), and (4) stability of financial institutions
and markets (stability). There is ample evidence on the role
financial sector development plays in economic development,
poverty alleviation and economic stability. However there
are serious shortcomings associated with measuring the
concept of the 'functioning of the financial
system.' Recognizing the need for good data to better
understand the concept of financial development, the World
Bank's financial and private sector Vice Presidency and
development economics Vice Presidency have recently launched
a global financial development database, an extensive
worldwide database that combines and updates several
financial data sets. The data highlight the
multi-dimensional nature of financial systems. Deep
financial systems do not necessarily provide high degrees of
financial access; highly efficient financial systems are not
necessarily more stable than the less efficient ones, and so
on. Each of these characteristics has an association with
aspects of the broader socio-economic development, and each
is, in turn, strongly associated with financial sector
policies and other parts of the enabling environment for
finance. The data also demonstrate the effects of the global
financial crisis. The crisis not only increased financial
instability but also translated into difficulties along
other dimensions, such as increasing problems of access to
financial services. |
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