Financial sector strategies and financial sector outcomes: do the strategies perform?

Martin Melecký and Anca Maria Podpiera

No 8315, Policy Research Working Paper Series from The World Bank

Abstract: Financial sector strategies enable financial policy makers and stakeholders to take a holistic view of the financial development needs in their country and formulate balanced financial policies. They help policy makers consider the systemic risk that different development policies involve and choose an informed way forward. This study constructed a new data set of historical financial sector strategies covering 150 countries over 1985-2014. It assesses the strategies using the rating criteria proposed by Maimbo and Melecky (2014). It further investigates how the quality of the strategies can affect financial sector outcomes, such as financial depth, inclusion, efficiency, and stability. The investigation finds that the use of financial sector strategies helped increase financial sector deepening, inclusion, and stability, and this impact could be greater for higher-quality strategies. However, a significant relationship between the use of strategies and the efficiency of banks is not confirmed. One way how financial sector strategies can improve financial sector outcomes is by improving the regulatory framework for finance.

Keywords: Technology Industry; Technology Innovation (search for similar items in EconPapers)
Date: 2018-01-23
References: Add references at CitEc
Citations:

Downloads: (external link)
http://documents.worldbank.org/curated/en/731031516722333398/pdf/WPS8315.pdf (application/pdf)

Related works:
Journal Article: Financial sector strategies and financial sector outcomes: Do the strategies perform? (2020)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:wbk:wbrwps:8315

Access Statistics for this paper

More papers in Policy Research Working Paper Series from The World Bank 1818 H Street, N.W., Washington, DC 20433. Contact information at EDIRC.
Bibliographic data for series maintained by Roula I. Yazigi ().