Political Institutions and Financial Development

Yongfu Huang
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Yongfu Huang: University of Cambridge

Chapter 4 in Determinants of Financial Development, 2011, pp 101-124 from Palgrave Macmillan

Abstract: Abstract Over the last few decades, there has been a substantial increase in financial development in many developing countries. The average ratio of private credit to GDP increased from 23% in 1980 to 32% in 2000, while the average ratio of liquid liabilities to GDP rose from 32% in 1980 to 42% in 2000 in the developing world. On the political front, between 1980 and 2000 62 developing countries undertook significant institutional reforms towards democracy.58 Do the above economic and political events in the developing world interact in important ways?

Keywords: Ordinary Little Square; Financial Development; Trade Openness; Institutional Quality; Legal Origin (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-30249-5_4

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DOI: 10.1057/9780230302495_4

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