A New Database of Financial Reforms

30 Pages Posted: 18 Dec 2008

See all articles by Abdul G. Abiad

Abdul G. Abiad

International Monetary Fund (IMF) - Research Department

Enrica Detragiache

International Monetary Fund (IMF) - European Department

Thierry Tressel

International Monetary Fund (IMF) - Research Department

Date Written: December 2008

Abstract

This paper introduces a new database of financial reforms, covering 91 economies over 1973-2005. It describes the content of the database, the information sources utilized, and the coding rules used to create an index of financial reform. It also compares the database with other measures of financial liberalization, provides descriptive statistics, and discusses some possible applications. The database provides a multi-faceted measure of reform, covering seven aspects of financial sector policy. Along each dimension the database provides a graded (rather than a binary) score, and allows for reversals.

Keywords: Economic reforms, Economic databases, Financial sector, Economic policy

Suggested Citation

Abiad, Abdul G. and Detragiache, Enrica and Tressel, Thierry, A New Database of Financial Reforms (December 2008). IMF Working Papers, Vol. , pp. 1-28, 2008. Available at SSRN: https://ssrn.com/abstract=1316734

Abdul G. Abiad (Contact Author)

International Monetary Fund (IMF) - Research Department ( email )

700 19th Street NW
Washington, DC 20431
United States

Enrica Detragiache

International Monetary Fund (IMF) - European Department ( email )

700 19th Street NW
Washington, DC 20431
United States

Thierry Tressel

International Monetary Fund (IMF) - Research Department ( email )

700 19th Street NW
Washington, DC 20431
United States

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