The Impact of Economic Securityon Bank Deposits and Investment

Michael Fabricius

No 1998/098, IMF Working Papers from International Monetary Fund

Abstract: This paper highlights the importance of institutions in explaining the variation of investment rates and of two measures of bank deposits across countries. A general index of economic security is created for 130 countries. Its explanatory power is compared with measures of specific institutional arrangements. For investment as well as for bank deposits, specific institutional factors are shown to be highly significant and outperform the general index.

Keywords: WP; country; variable; deposit; pooling variable; Economic Security; Institutions; Bank Deposits; Investment; nonindustrial country; variables researcher; Gastil index; standard deviation; Ind. country; investment rate; Middle Eastern country; index hinge; political system; government interference; worse-than-average investment performance; Securities; Private investment; Institutional arrangements for revenue administration; Monetary base; Middle East; Caribbean; Eastern Europe (search for similar items in EconPapers)
Pages: 32
Date: 1998-07-01
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Persistent link: https://EconPapers.repec.org/RePEc:imf:imfwpa:1998/098

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