Deposit money bank assets definition
We constructed a first indexthe comprehensive index which is a single measure of financial development for a specific period of time, 20002001.
Deposit money bank assets governor of poker 3 (IFS lines 22, a-d GDP in local currency (IFS line 99B.ZF or, if not available, line F end-of period CPI (IFS line 64M.ZF or, if not available, 64Q.ZF and annual CPI (IFS line.ZF).
It combines six different indices, each of which is a composite of four to nine different indicators based on the above-mentioned themes (see box).
For instance, in several countries, the judicial system is susceptible to political pressure and long delays, resulting in poor legal enforcement of contracts and loan recovery.And, even in countries with such markets, trading is usually limited.Gelbard and Sergio Pereira Leite, 1999, "Measuring Financial Development in Sub-Saharan Africa IMF Working Paper 99/105 (Washington).In more than half the countries in the region, the banking sector is highly concentrated, with assets of the three largest banks accounting for over 65 percent of total bank assets, and the entry of new banks is difficult.Paul Wachtel, 2001, "Growth and Finance: What Do We Know and How Do We Know It?" International Finance, Vol.Mushfiq Mobarak, and Randa Sab.Karim Nashashibi, Mohamad Elhage, and Annalisa Fedelino, 2001, "Financial Liberalization in Arab Countries in Macroeconomic Issues and Policies in the Middle East and North Africa,.And in many parts of the region, modern banking and financial skills are lacking.Level of financial development, high, bahrain, jordan.Skip to main content, academia.This means less government interference in the financial system, which will require cutting back on public ownership of financial institutions and minimizing monetary financing of budget deficits, investing in human resources (including strong management and financial skills and strengthening the legal environment.As the mena countries look for ways to jumpstart growth, further financial sector reform should be made a priority.
Randa Sab is an Economist in the IMF's Western Hemisphere Department).
Total assets held by deposit money banks as a share of sum of deposit money bank and Central Bank claims pokerstars poker promotions bonus on domestic nonfinancial real sector.
While a higher ratio of broad money to GDP is generally associated with greater financial liquidity and depth, the ratio may decline rather than rise as a financial system develops because people have more opportunities to invest in longer-term or less liquid financial instruments.
Raw data are from the electronic version of the IMF's International Financial Statistics.For the most part, indirect monetary policy tools are employed, interest rates are freely determined, and government securities exist.To answer these questions, we undertook a study of financial sectors in the region and, in the process, developed new indices to measure financial development in the mena region.Within mena, the rankings of countries under both the comprehensive and the alternative indices closely track each other.Senhadji, 2000, "Financial Development and Economic Growth: An Overview IMF Working Paper 00/209 (Washington).Public sector banks are characterized by government intervention in credit allocation, losses and liquidity problems, and wide interest rate spreads.Khan and Abdelhak.The development of this index closely followed work done by Gelbard and Leite (1999) for sub-Saharan Africa.Over the past three decades, mena policymakers have gradually reformed their financial sectors.