Measuring Financial Infrastructure Development

Dimitar Rafailov ()
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Dimitar Rafailov: University of Economics - Varna

Izvestia Journal of the Union of Scientists - Varna. Economic Sciences Series, 2018, vol. 7, issue 2, 13-23

Abstract: The financial infrastructure, as foundation of financial transactions, is a key factor for financial and economic development. Good financial infrastructure is a necessary condition for wider and deeper financial markets, more stable financial institutions and a more efficient financial sector. The development of financial infrastructure can be measured by an index that reflects the core infrastructure components - accounting systems and standards, credit information systems, trading, payment and settlement systems, legal system, and regulatory framework and mechanisms. Values of the Index of Financial Infrastructure (IFI) show different levels of development across countries, regions and income levels.

Keywords: financial infrastructure; financial development; financial system (search for similar items in EconPapers)
JEL-codes: G00 O16 (search for similar items in EconPapers)
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:vra:journl:v:7:y:2018:i:2:p:13-23

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