New Financial Intermediary Development Indicators for Developing Countries

African Governance and Development Institute WP/11/005

30 Pages Posted: 9 Sep 2014

See all articles by Simplice Asongu

Simplice Asongu

African Governance and Development Institute

Date Written: May 3, 2011

Abstract

Financial development indicators are often applied to countries/regions without taking into account specific financial development realities. Financial depth in the perspective of monetary base is not equal to liquid liabilities in every development context. This paper introduces complementary indicators to the existing Financial Development and Structure Database (FDSD) and unites two streams of research. It contributes at the same time to the macroeconomic literature on measuring financial development and responds to the growing field of economic development by means of informal financial sector promotion and microfinance. The paper suggests a practicable way to disentangle the effects of the various financial sectors on economic developments.

Keywords: Finance; Development; Formalization, Panel, Developing Countries

JEL Classification: E00; E26

Suggested Citation

Asongu, Simplice, New Financial Intermediary Development Indicators for Developing Countries (May 3, 2011). African Governance and Development Institute WP/11/005. Available at SSRN: https://ssrn.com/abstract=2493102 or http://dx.doi.org/10.2139/ssrn.2493102

Simplice Asongu (Contact Author)

African Governance and Development Institute ( email )

P.O. Box 8413
Yaoundé, 8413
Cameroon

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