Rethinking Financial Deepening

By R. Sahay, M. Čihák, Papa N’Diaye, Adolfo Barajas, Diana Ayala Pena, Ran Bi, Yuan Gao, A. Kyobe, L. Nguyen, Christian Saborowski and 2 more. 2015

542 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Finance

View Paper: https://www.semanticscholar.org/paper/d9be1befbf37b31d514123adcba5597e6eeebcf2

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Citations in the corpus

Inclusive banking, financial regulation and bank performance: Cross-country evidence (2021, methodology): “2 The conventional measures of financial development, used in ost of the empirical studies, include the ratio of the volume of rivate credit or stock market capitalisation to GDP at the crossountry level (see Beck et al., 2014 ; Sahay et al., 2015 ).”
Global Waves of Debt: Causes and Consequences (2021, background): “This requires an enabling environment of robust institutions, protection of creditor rights, sound regulatory quality, and macroeconomic stability (Sahay et al. 2008; Laeven 2014).”
Development goals in an era of demographic change (2015, background): “Minimum levels of fi nancial and institutional development are needed to reduce the riskiness of fi nancial liberalization (Sahay et al. 2015).”
Financialisation in emerging economies: a systematic overview and comparison with Anglo-Saxon economies (2017, background): “Most EMEs are regarded to be far away from reaching the optimal size of their financial sectors, requiring further deepening of their financial markets (see Sahay et al. 2015).”
The effects of financialization on investment: evidence from firm-level data for the UK (2018, background): “Recently, a similar argument has been put forward by an IMF discussion note with respect to emerging markets (Sahay et al., 2015), which argues that ‘too much finance’ increases both economic and financial volatility.”
Introducing a New Broad-Based Index of Financial Development (2016, methodology): “1 This index was originally prepared for the IMF Staff Discussion Note “Rethinking Financial Deepening: Stability and Growth in Emerging Markets” (Sahay et al., 2015).”