Financial Development in Asia : Beyond Aggregate Indicators

This paper documents the major trends in financial development in Asia since the early 1990s and the spillovers to firms. It compares Asia with advanced and emerging countries and uses both aggregate and disaggregate indicators. Financial systems i...

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Bibliographic Details
Main Authors:	Didier, Tatiana, Schmukler, Sergio L.
Format:	Policy Research Working Paper
Language:	English en_US
Published:	World Bank, Washington, DC 2014
Subjects:	ACCESS TO BANKS ACCESS TO FINANCING ACCOUNTING ADVANCED COUNTRIES ADVANCED ECONOMIES AMOUNT OF CAPITAL ASSET HOLDINGS ASSET MANAGERS BANK CREDIT BANK DEBT BANK DEPOSITS BANK FINANCING BANK LENDING BANKING SECTOR BANKING SECTORS BANKING SYSTEM BANKING SYSTEMS BOND BOND FINANCING BOND FUNDS BOND ISSUANCES BOND ISSUES BOND MARKET BOND MARKET CAPITALIZATION BOND MARKET TRADING BOND MARKETS BONDS CAPITAL FLOWS CAPITAL FUNDS CAPITAL MARKET CAPITAL MARKET FINANCE CAPITAL MARKET FINANCING CAPITAL MARKETS CAPITAL RAISING CAPITAL-RAISING ACTIVITY COLLATERAL COMMERCIAL LENDING COMMERCIAL MORTGAGE CONSUMER CREDIT CONTRACT ENFORCEMENT CORPORATE BOND CORPORATE GOVERNANCE CURRENCY CURRENCY COMPOSITION CURRENCY MISMATCHES DATA AVAILABILITY DEGREE OF RISK DEPOSIT DEPOSITS DEVELOPING COUNTRIES DEVELOPMENT BANK DOMESTIC BOND DOMESTIC BOND MARKETS DOMESTIC BONDS DOMESTIC CURRENCY DOMESTIC ECONOMY DOMESTIC EQUITY DOMESTIC INSTITUTIONAL INVESTORS DOMESTIC MARKET DOMESTIC MARKETS EMERGING ECONOMIES EMERGING MARKET EMERGING MARKETS EQUITIES EQUITY CAPITAL EQUITY FINANCING EQUITY FUND EQUITY FUNDS EQUITY ISSUES EQUITY MARKET EQUITY MARKET CAPITALIZATION EQUITY MARKETS EQUITY PRICES EQUITY VALUATIONS EXCHANGE RATE EXCHANGE RATE REGIME EXCHANGE RATES EXPENDITURES EXTERNAL FINANCE FEDERAL RESERVE FEDERAL RESERVE BANK FINANCIAL ASSETS FINANCIAL CRISES FINANCIAL CRISIS FINANCIAL DEEPENING FINANCIAL DEVELOPMENT FINANCIAL FRAGILITY FINANCIAL INSTITUTIONS FINANCIAL INTERMEDIARIES FINANCIAL MARKETS FINANCIAL POLICIES FINANCIAL SECTOR FINANCIAL SECTOR DEVELOPMENT FINANCIAL SECTORS FINANCIAL SERVICES FINANCIAL STABILITY FINANCIAL SYSTEM FINANCIAL SYSTEMS FINANCIAL TRANSACTIONS FINANCING OBSTACLES FIRM GROWTH FISCAL DEFICITS FIXED INCOME FIXED INCOME SECURITIES FOREIGN BANKS FOREIGN CURRENCY FOREIGN CURRENCY DEBT FOREIGN CURRENCY LOANS FOREIGN FINANCING FOREIGN FUNDS FOREIGN INVESTMENTS FOREIGN INVESTORS FOREIGN MARKETS GLOBAL MARKETS GLOBALIZATION GOVERNMENT BONDS GOVERNMENT SECURITIES GROSS DOMESTIC PRODUCT GROWTH RATE INCOME INSTRUMENTS INFLATION INSTITUTIONAL DEVELOPMENT INSTITUTIONAL INVESTOR INSTITUTIONAL INVESTORS INSURANCE INSURANCE COMPANIES INTERNATIONAL BANK INTERNATIONAL CAPITAL INTERNATIONAL ECONOMICS INTERNATIONAL FINANCIAL STATISTICS INTERNATIONAL INVESTORS INTERNATIONAL MARKETS INTERNATIONAL SETTLEMENTS INTERNATIONAL STANDARDS INVESTING INVESTMENT BEHAVIOR INVESTMENT OPPORTUNITIES INVESTOR PROTECTION ISSUANCE ISSUANCES LEGAL ENVIRONMENT LENDERS LIABILITY LINES OF CREDIT LIQUIDITY LOCAL CAPITAL MARKETS LOCAL CURRENCIES LOCAL CURRENCY LOCAL MARKETS LOCAL STOCK EXCHANGES LOCAL STOCK MARKET LONG-TERM DEBT MACROECONOMIC VOLATILITY MACROECONOMICS MARKET FINANCE MARKET LIQUIDITY MARKET REFORMS MARKET SIZE MARKET TURNOVER MARKETS DATABASE MATURITIES MATURITY MATURITY MISMATCHES MATURITY STRUCTURE MONETARY FUND MONEY MARKET MORTGAGE MORTGAGE CREDIT MORTGAGE LENDING MUTUAL FUND MUTUAL FUND ASSETS MUTUAL FUNDS NONBANK INSTITUTIONS OFFSHORE CENTERS PENSION PENSION FUND PENSION FUND ASSETS PENSION FUND INVESTMENT PENSION FUNDS POLITICAL ECONOMY PORTFOLIO PORTFOLIO HOLDINGS PORTFOLIOS PRIVATE BOND PRIVATE BONDS PRIVATE EQUITY PRIVATE SECTOR CREDIT PROPERTY RIGHTS PUBLIC SECTOR BOND REGULATORY ENVIRONMENTS REGULATORY FRAMEWORK SAVINGS SECONDARY MARKET SECONDARY MARKET ACTIVITY SECONDARY MARKETS SECURITIES SHAREHOLDERS STOCK MARKET STOCK MARKET DEVELOPMENT STOCK MARKET INDEXES STOCK MARKETS SYSTEMIC RISK TRADING TRADING VOLUMES TRANSPARENCY TURNOVER TURNOVER RATIO TURNOVER RATIOS VENTURE CAPITAL VENTURE CAPITAL FUNDS WORLD DEVELOPMENT INDICATORS
Online Access:	http://documents.worldbank.org/curated/en/2014/01/18860706/financial-development-asia-beyond-aggregate-indicators http://hdl.handle.net/10986/16816