Creating an Efficient Financial System : Challenges in a Global Economy

Creating an Efficient Financial System : Challenges in a Global Economy

Financial sector development fosters economic growth and reduces poverty by widening and broadening access to finance and allocating society's savings more efficiently. The author first discusses three pillars on which sound and efficient financial systems are built: macroeconomic stability an...

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Bibliographic Details
Main Author: Beck, Thorsten
Format: Policy Research Working Paper
Language:English
Published: World Bank, Washington, DC 2012
Subjects:
ACCOUNTABILITY
ACCOUNTING
ACCOUNTING STANDARDS
ADVERSE SELECTION
AGENTS
AGRICULTURAL BANKS
AGRICULTURE
BANK FAILURE
BANK FAILURE RESOLUTION
BANK LOANS
BANK REGULATION
BANK RUNS
BANK SUPERVISION
BANKING CRISES
BANKING SECTOR
BANKING SYSTEM
BANKING SYSTEMS
BANKRUPTCY
BANKS
BOOMS
CAPITAL FLOWS
CAPITAL MARKETS
CAPITALIZATION
CENTRAL BANK
COMMERCIAL BANKS
COMPARATIVE ADVANTAGE
COMPETITIVENESS
CONTRACT ENFORCEMENT
CORPORATE GOVERNANCE
COUNTRY COMPARISONS
COVERAGE
CREDIT MARKETS
CROSS-COUNTRY EXPERIENCE
CURRENCY CRISES
DEBT
DEPOSIT INSURANCE
DEPOSIT INSURANCE SCHEMES
DEPOSITORS
DEPOSITS
DIVIDENDS
EARLY WARNING SYSTEM
ECONOMIC GROWTH
EMERGING ECONOMIES
EMERGING MARKETS
EXPECTED RETURN
FACTORING
FINANCIAL CONTRACTS
FINANCIAL CRISES
FINANCIAL FRAGILITY
FINANCIAL INSTITUTIONS
FINANCIAL INTEGRATION
FINANCIAL INTERMEDIARY DEVELOPMENT
FINANCIAL INTERMEDIATION
FINANCIAL LIBERALIZATION
FINANCIAL MARKETS
FINANCIAL REGULATION
FINANCIAL SECTOR
FINANCIAL SECTOR DEVELOPMENT
FINANCIAL SECTOR REFORM
FINANCIAL SERVICES
FINANCIAL STABILITY
FINANCIAL STRUCTURE
FINANCIAL SYSTEMS
FOREIGN BANKS
FREE ENTRY
GDP
GDP PER CAPITA
GOVERNMENT BANKS
GOVERNMENT INTERVENTION
HOUSING
HOUSING FINANCE
INFLATION
INFLATION RATE
INFLATION RATES
INFORMATION COSTS
INSTITUTIONAL ENVIRONMENT
INSURANCE
INTERDEPENDENCE
INTEREST RATE
INTEREST RATES
INTERVENTION POWERS
JUDICIAL SYSTEMS
LAWS
LEGAL SYSTEMS
LIBERALIZATION OF FINANCIAL MARKETS
LIQUIDATION
LIQUIDITY
LOOTING
M2
MACROECONOMIC STABILITY
MARKET DISCIPLINE
MICROFINANCE
MORAL HAZARD
MORTGAGE LOANS
POSITIVE EFFECTS
PRIVATE BANKS
PRIVATE PROPERTY
PRIVATIZATION
PRODUCTIVITY
PRODUCTIVITY GROWTH
PROGRAMS
PROPERTY RIGHTS
REAL GDP
REGULATORY CAPTURE
RELATIONSHIP LENDING
RESOURCE ALLOCATION
RISK MANAGEMENT
RISK PREMIUMS
RISK TAKING
SAVINGS
SECURITIES
SECURITIES MARKETS
SHAREHOLDERS
SMALL BUSINESS
STOCK MARKETS
SUBORDINATED DEBT
SUPERVISORY FRAMEWORK
SYSTEMIC BANKING DISTRESS
TOTAL COSTS
TRADE BALANCE
TRANSACTION COSTS
TRANSPARENCY
VOLATILITY
Online Access:http://documents.worldbank.org/curated/en/2006/02/6606451/creating-efficient-financial-system-challenges-global-economy
http://hdl.handle.net/10986/8764

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