Benchmarking Financial Systems around the World

By M. Čihák, Asli Demirgüç-Kunt, E. Feyen, Ross Levine. 2012

785 citations recorded by the source corpus.

This paper introduces the Global Financial Development Database, an extensive dataset of financial system characteristics for 205 economies from 1960 to 2010. The database includes measures of (a) size of financial institutions and markets (financial depth), (b) degree to which individuals can and do use financial services (access), (c) efficiency of financial intermediaries and markets in intermediating resources and facilitating financial transactions (efficiency), and (d) stability of financial institutions and markets (stability). The authors document cross-country differences and time series trends.

Subfields: Accounting, Economics and Econometrics, Finance

View Paper: https://www.semanticscholar.org/paper/b55f4120cced2398b3e742cdccfc4c40a297695c

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Citations in the corpus

The Nexus of financial inclusion and financial stability : a study of trade-offs and synergies (2016, methodology): “Claessens, S. (2006). Access to financial services: A review of the issues and public policy objectives. The World Bank Research Observer, 21(2), 207–240. The World Bank, Washington DC, USA. Cole, S., T. Sampson, and B. Zia. 2011. “Prices or Knowledge? What Drives Demand for Financial Services in Em”
Islamic Banking Sustainability: A Review of Literature and Directions for Future Research (2016, background): “Consequently, the findings of Cihak et al. (2012) supported this view in the sense that, those regions with higher income status are found to have a higher score on the average dimensions of the global financial development and vice versa to lower income countries.”
Effective Macroprudential Policy: Cross‐Sector Substitution from Price and Quantity Measures (2016, methodology): “We thus complement the private credit data from the BIS with information on the size of the balance sheets of banks and of various types of non-bank financial institutions, which we obtain from the World Bank's Financial Development Database (Cihak et al., 2012).”
Finance and Income Inequality: A Review and New Evidence (2017, positive): “12 Using the data as described in Čihák et al. (2012), we also investigate whether the results are sensitive to using stock market capitalization as percentage of GDP as measure of financial development.”
Finance and economic growth in OECD and G20 countries (2015, background): “The difference in their definition is that the data from the World Bank refer to deposit money banks and other financial institutions (Čihák et al., 2012) and the data from the BIS to deposit money banks only (Dembiermont et al., 2013).”
THE ROLE OF SUSTAINABLE FINANCE IN ACHIEVING SUSTAINABLE DEVELOPMENT GOALS: DOES IT WORK? (2020, background): “The variables F11, F12 refer to financial soundness (Čihák et al., 2012).”
Financial Stability and Financial Inclusion (2014, methodology): “A description of the database can be found in Chapter 1 of World Bank (2013) and also in Cihák et al. (2012).”
Finance and income inequality in OECD countries (2015, neutral): “The difference in their definition is that the data from the World Bank refer to deposit money banks and other financial institutions (Čihák et al., 2012) and the data from the BIS to deposit money banks only (Dembiermont et al.”
Deposits and Bank Capital Structure (2015, neutral): “, Diamond and Dybvig, 1983; Diamond, 1984; and many thereafter). In doing so, this literature tends to treat deposits simply as another form of debt.3 However, there is considerable evidence that the market for deposits is significantly segmented from other markets. While most people in developed co”