Financial Sector Strategies and Financial Sector Outcomes : Do the Strategies Perform?

Financial Sector Strategies and Financial Sector Outcomes : Do the Strategies Perform?

Financial sector strategies enable financial policy makers and stakeholders to take a holistic view of the financial development needs in their country and formulate balanced financial policies. They help policy makers consider the systemic risk th...

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Main Authors: Melecky, Martin, Podpiera, Anca Maria
Format: Working Paper
Language:English
Published: World Bank, Washington, DC 2018
Subjects:
FINANCIAL INCLUSION
FINANCIAL DEPTH
STABILITY
EFFICIENCY
POLICY COORDINATION
POLICY TRADEOFFS
Online Access:http://documents.worldbank.org/curated/en/731031516722333398/Financial-sector-strategies-and-financial-sector-outcomes-do-the-strategies-perform
http://hdl.handle.net/10986/29282
id okr-10986-29282
recordtype oai_dc
spelling okr-10986-292822021-06-08T14:42:48Z Financial Sector Strategies and Financial Sector Outcomes : Do the Strategies Perform? Melecky, Martin Podpiera, Anca Maria FINANCIAL INCLUSION FINANCIAL DEPTH STABILITY EFFICIENCY POLICY COORDINATION POLICY TRADEOFFS Financial sector strategies enable financial policy makers and stakeholders to take a holistic view of the financial development needs in their country and formulate balanced financial policies. They help policy makers consider the systemic risk that different development policies involve and choose an informed way forward. This study constructed a new data set of historical financial sector strategies covering 150 countries over 1985-2014. It assesses the strategies using the rating criteria proposed by Maimbo and Melecky (2014). It further investigates how the quality of the strategies can affect financial sector outcomes, such as financial depth, inclusion, efficiency, and stability. The investigation finds that the use of financial sector strategies helped increase financial sector deepening, inclusion, and stability, and this impact could be greater for higher-quality strategies. However, a significant relationship between the use of strategies and the efficiency of banks is not confirmed. One way how financial sector strategies can improve financial sector outcomes is by improving the regulatory framework for finance. 2018-01-31T19:38:42Z 2018-01-31T19:38:42Z 2018-01 Working Paper http://documents.worldbank.org/curated/en/731031516722333398/Financial-sector-strategies-and-financial-sector-outcomes-do-the-strategies-perform http://hdl.handle.net/10986/29282 English Policy Research Working Paper;No. 8315 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Publications & Research Publications & Research :: Policy Research Working Paper Europe and Central Asia South Asia
repository_type Digital Repository
institution_category Foreign Institution
institution Digital Repositories
building World Bank Open Knowledge Repository
collection World Bank
language English
topic FINANCIAL INCLUSION
FINANCIAL DEPTH
STABILITY
EFFICIENCY
POLICY COORDINATION
POLICY TRADEOFFS
spellingShingle FINANCIAL INCLUSION
FINANCIAL DEPTH
STABILITY
EFFICIENCY
POLICY COORDINATION
POLICY TRADEOFFS
Melecky, Martin
Podpiera, Anca Maria
Financial Sector Strategies and Financial Sector Outcomes : Do the Strategies Perform?
geographic_facet Europe and Central Asia
South Asia
relation Policy Research Working Paper;No. 8315
description Financial sector strategies enable financial policy makers and stakeholders to take a holistic view of the financial development needs in their country and formulate balanced financial policies. They help policy makers consider the systemic risk that different development policies involve and choose an informed way forward. This study constructed a new data set of historical financial sector strategies covering 150 countries over 1985-2014. It assesses the strategies using the rating criteria proposed by Maimbo and Melecky (2014). It further investigates how the quality of the strategies can affect financial sector outcomes, such as financial depth, inclusion, efficiency, and stability. The investigation finds that the use of financial sector strategies helped increase financial sector deepening, inclusion, and stability, and this impact could be greater for higher-quality strategies. However, a significant relationship between the use of strategies and the efficiency of banks is not confirmed. One way how financial sector strategies can improve financial sector outcomes is by improving the regulatory framework for finance.
format Working Paper
author Melecky, Martin
Podpiera, Anca Maria
author_facet Melecky, Martin
Podpiera, Anca Maria
author_sort Melecky, Martin
title Financial Sector Strategies and Financial Sector Outcomes : Do the Strategies Perform?
title_short Financial Sector Strategies and Financial Sector Outcomes : Do the Strategies Perform?
title_full Financial Sector Strategies and Financial Sector Outcomes : Do the Strategies Perform?
title_fullStr Financial Sector Strategies and Financial Sector Outcomes : Do the Strategies Perform?
title_full_unstemmed Financial Sector Strategies and Financial Sector Outcomes : Do the Strategies Perform?
title_sort financial sector strategies and financial sector outcomes : do the strategies perform?
publisher World Bank, Washington, DC
publishDate 2018
url http://documents.worldbank.org/curated/en/731031516722333398/Financial-sector-strategies-and-financial-sector-outcomes-do-the-strategies-perform
http://hdl.handle.net/10986/29282
_version_ 1764468955077935104

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