A New Database of Financial Reforms

A New Database of Financial Reforms

December 2008 | Abdul Abiad, Enrica Detragiache, and Thierry Tressel
This working paper introduces a new database of financial reforms, covering 91 economies from 1973 to 2005. The database aims to provide a comprehensive measure of financial sector policy changes, including seven dimensions: credit controls and reserve requirements, interest rate controls, entry barriers, state ownership, securities market policies, banking regulations, and capital account restrictions. Each dimension is scored on a graded scale from 0 to 3, allowing for more precise analysis of the magnitude and timing of reforms compared to binary measures used in existing datasets. The paper describes the construction of the database, compares it with other measures of financial liberalization, provides descriptive statistics, and discusses possible applications. The database is intended to help researchers and policymakers better understand the effects of financial reforms on economic outcomes.This working paper introduces a new database of financial reforms, covering 91 economies from 1973 to 2005. The database aims to provide a comprehensive measure of financial sector policy changes, including seven dimensions: credit controls and reserve requirements, interest rate controls, entry barriers, state ownership, securities market policies, banking regulations, and capital account restrictions. Each dimension is scored on a graded scale from 0 to 3, allowing for more precise analysis of the magnitude and timing of reforms compared to binary measures used in existing datasets. The paper describes the construction of the database, compares it with other measures of financial liberalization, provides descriptive statistics, and discusses possible applications. The database is intended to help researchers and policymakers better understand the effects of financial reforms on economic outcomes.
Reach us at info@study.space
Understanding A New Database of Financial Reforms