Economic Information and Finance : More Information Means More Credit, Fewer Bad Loans, and Less Corruption
This paper builds on recent work that shows how financial sector outcomes are affected by the provision of information by financial and other entities. In particular, it shows that an indicator of economic transparency is positively related to high...
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| Format: | Policy Research Working Paper |
| Language: | English |
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World Bank, Washington, DC
2012
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| Online Access: | http://documents.worldbank.org/curated/en/2007/06/7711498/economic-information-finance-more-information-means-more-credit-fewer-bad-loans-less-corruption http://hdl.handle.net/10986/7398 |
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okr-10986-73982021-04-23T14:02:33Z Economic Information and Finance : More Information Means More Credit, Fewer Bad Loans, and Less Corruption Islam, Roumeen ACCOUNTABILITY ACCOUNTING ADVERSE SELECTION AGENTS AUDITORS AUDITS BANK FAILURES BANK LENDING BANK LOANS BANK PROFITS BANK RELATIONSHIPS BANK RUNS BANKRUPTCY BANKS BORROWING CAPITALIZATION CENTRAL BANKS CENTRALIZATION COVERAGE CREDIT MARKETS CREDIT RATIONING CREDIT RISK DEBT DECISIONMAKING DEFAULT RISK DEMAND CURVE DEPOSIT INSURANCE DEPOSITORS DEPOSITS ECONOMIC CONDITIONS ECONOMIC INFORMATION ECONOMIC OUTCOMES ECONOMIC SITUATION ETHNIC GROUPS EXCHANGE RATES EXPECTED RETURN EXPECTED RETURNS EXPENDITURES EXPORTS EXTERNAL FINANCING EXTERNALITIES FINANCIAL INSTITUTIONS FINANCIAL INTERMEDIARIES FINANCIAL MARKETS FINANCIAL PERFORMANCE FINANCIAL SECTOR FOREIGN DIRECT INVESTMENT GDP GROWTH RATE HOUSING IMPERFECT INFORMATION INFLATION INFLATION RATE INFORMATION ASYMMETRY INFORMATION DISCLOSURE INSTITUTIONAL DEVELOPMENT INSURANCE INSURANCE MARKETS INTEREST RATE INTEREST RATES LABOR MARKETS LAWS MACROECONOMIC CONDITIONS MONEY SUPPLY MORAL HAZARD MORTGAGE LOANS PENALTIES PERFECT INFORMATION PORTFOLIO PORTFOLIOS PROBABILITY OF DEFAULT PROFITABILITY PROPERTY RIGHTS PUBLIC GOOD RECIPROCITY REGULATORY FRAMEWORK RISK MANAGEMENT RISK PROFILES SECURITIES SOLVENCY SUPERVISORY AGENCIES SUPERVISORY SYSTEM TRANSPARENCY UNEMPLOYMENT WAGE RATES This paper builds on recent work that shows how financial sector outcomes are affected by the provision of information by financial and other entities. In particular, it shows that an indicator of economic transparency is positively related to higher levels of private credit and a lower share of nonperforming loans even after accounting for factors commonly believed to influence financial sector development in cross-country empirical estimation. Timely access to economic data allows investors to make better decisions on investments and to better monitor banks' financial health. Greater economic transparency raises accountability and lowers corruption in bank lending. 2012-06-07T15:29:47Z 2012-06-07T15:29:47Z 2007-06 http://documents.worldbank.org/curated/en/2007/06/7711498/economic-information-finance-more-information-means-more-credit-fewer-bad-loans-less-corruption http://hdl.handle.net/10986/7398 English Policy Research Working Paper; No. 4250 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research :: Policy Research Working Paper Publications & Research |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
ACCOUNTABILITY ACCOUNTING ADVERSE SELECTION AGENTS AUDITORS AUDITS BANK FAILURES BANK LENDING BANK LOANS BANK PROFITS BANK RELATIONSHIPS BANK RUNS BANKRUPTCY BANKS BORROWING CAPITALIZATION CENTRAL BANKS CENTRALIZATION COVERAGE CREDIT MARKETS CREDIT RATIONING CREDIT RISK DEBT DECISIONMAKING DEFAULT RISK DEMAND CURVE DEPOSIT INSURANCE DEPOSITORS DEPOSITS ECONOMIC CONDITIONS ECONOMIC INFORMATION ECONOMIC OUTCOMES ECONOMIC SITUATION ETHNIC GROUPS EXCHANGE RATES EXPECTED RETURN EXPECTED RETURNS EXPENDITURES EXPORTS EXTERNAL FINANCING EXTERNALITIES FINANCIAL INSTITUTIONS FINANCIAL INTERMEDIARIES FINANCIAL MARKETS FINANCIAL PERFORMANCE FINANCIAL SECTOR FOREIGN DIRECT INVESTMENT GDP GROWTH RATE HOUSING IMPERFECT INFORMATION INFLATION INFLATION RATE INFORMATION ASYMMETRY INFORMATION DISCLOSURE INSTITUTIONAL DEVELOPMENT INSURANCE INSURANCE MARKETS INTEREST RATE INTEREST RATES LABOR MARKETS LAWS MACROECONOMIC CONDITIONS MONEY SUPPLY MORAL HAZARD MORTGAGE LOANS PENALTIES PERFECT INFORMATION PORTFOLIO PORTFOLIOS PROBABILITY OF DEFAULT PROFITABILITY PROPERTY RIGHTS PUBLIC GOOD RECIPROCITY REGULATORY FRAMEWORK RISK MANAGEMENT RISK PROFILES SECURITIES SOLVENCY SUPERVISORY AGENCIES SUPERVISORY SYSTEM TRANSPARENCY UNEMPLOYMENT WAGE RATES |
| spellingShingle |
ACCOUNTABILITY ACCOUNTING ADVERSE SELECTION AGENTS AUDITORS AUDITS BANK FAILURES BANK LENDING BANK LOANS BANK PROFITS BANK RELATIONSHIPS BANK RUNS BANKRUPTCY BANKS BORROWING CAPITALIZATION CENTRAL BANKS CENTRALIZATION COVERAGE CREDIT MARKETS CREDIT RATIONING CREDIT RISK DEBT DECISIONMAKING DEFAULT RISK DEMAND CURVE DEPOSIT INSURANCE DEPOSITORS DEPOSITS ECONOMIC CONDITIONS ECONOMIC INFORMATION ECONOMIC OUTCOMES ECONOMIC SITUATION ETHNIC GROUPS EXCHANGE RATES EXPECTED RETURN EXPECTED RETURNS EXPENDITURES EXPORTS EXTERNAL FINANCING EXTERNALITIES FINANCIAL INSTITUTIONS FINANCIAL INTERMEDIARIES FINANCIAL MARKETS FINANCIAL PERFORMANCE FINANCIAL SECTOR FOREIGN DIRECT INVESTMENT GDP GROWTH RATE HOUSING IMPERFECT INFORMATION INFLATION INFLATION RATE INFORMATION ASYMMETRY INFORMATION DISCLOSURE INSTITUTIONAL DEVELOPMENT INSURANCE INSURANCE MARKETS INTEREST RATE INTEREST RATES LABOR MARKETS LAWS MACROECONOMIC CONDITIONS MONEY SUPPLY MORAL HAZARD MORTGAGE LOANS PENALTIES PERFECT INFORMATION PORTFOLIO PORTFOLIOS PROBABILITY OF DEFAULT PROFITABILITY PROPERTY RIGHTS PUBLIC GOOD RECIPROCITY REGULATORY FRAMEWORK RISK MANAGEMENT RISK PROFILES SECURITIES SOLVENCY SUPERVISORY AGENCIES SUPERVISORY SYSTEM TRANSPARENCY UNEMPLOYMENT WAGE RATES Islam, Roumeen Economic Information and Finance : More Information Means More Credit, Fewer Bad Loans, and Less Corruption |
| relation |
Policy Research Working Paper; No. 4250 |
| description |
This paper builds on recent work that
shows how financial sector outcomes are affected by the
provision of information by financial and other entities. In
particular, it shows that an indicator of economic
transparency is positively related to higher levels of
private credit and a lower share of nonperforming loans even
after accounting for factors commonly believed to influence
financial sector development in cross-country empirical
estimation. Timely access to economic data allows investors
to make better decisions on investments and to better
monitor banks' financial health. Greater economic
transparency raises accountability and lowers corruption in
bank lending. |
| format |
Publications & Research :: Policy Research Working Paper |
| author |
Islam, Roumeen |
| author_facet |
Islam, Roumeen |
| author_sort |
Islam, Roumeen |
| title |
Economic Information and Finance : More Information Means More Credit, Fewer Bad Loans, and Less Corruption |
| title_short |
Economic Information and Finance : More Information Means More Credit, Fewer Bad Loans, and Less Corruption |
| title_full |
Economic Information and Finance : More Information Means More Credit, Fewer Bad Loans, and Less Corruption |
| title_fullStr |
Economic Information and Finance : More Information Means More Credit, Fewer Bad Loans, and Less Corruption |
| title_full_unstemmed |
Economic Information and Finance : More Information Means More Credit, Fewer Bad Loans, and Less Corruption |
| title_sort |
economic information and finance : more information means more credit, fewer bad loans, and less corruption |
| publisher |
World Bank, Washington, DC |
| publishDate |
2012 |
| url |
http://documents.worldbank.org/curated/en/2007/06/7711498/economic-information-finance-more-information-means-more-credit-fewer-bad-loans-less-corruption http://hdl.handle.net/10986/7398 |
| _version_ |
1764401966473019392 |