Financial Development in 205 Economies, 1960 to 2010

Martin Cihak (mcihak@hotmail.com), Asli Demirguc-Kunt, Erik Feyen and Ross Levine (rosslevine@stanford.edu)
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Erik Feyen: World Bank

Journal of Financial Perspectives, 2013, vol. 1, issue 2, 17-36

Abstract: This paper describes our construction of the Global Financial Development Database and uses the data to compare financial systems around the world. The database (available at www.worldbank.org/financialdevelopment) provides information on financial systems in 205 economies over the period from 1960 to 2010 and includes measures of (1) size of financial institutions and markets (financial depth), (2) degree to which individuals and firms can and do use financial services (access), (3) efficiency of financial intermediaries and markets in intermediating resources and facilitating financial transactions (efficiency) and (4) stability of financial institutions and markets (stability).

Keywords: Financial development; Financial stability; Financial depth; Access to finance; Efficiency of financial institutions and markets (search for similar items in EconPapers)
JEL-codes: G00 G01 G10 G20 O16 (search for similar items in EconPapers)
Date: 2013
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Citations: View citations in EconPapers (117)

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Working Paper: Financial Development in 205 Economies, 1960 to 2010 (2013)
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Persistent link: https://EconPapers.repec.org/RePEc:ris:jofipe:0019

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