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Financial sector development

About: Financial sector development is a research topic. Over the lifetime, 1674 publications have been published within this topic receiving 90787 citations.


Papers
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Journal ArticleDOI
TL;DR: In this paper, the authors used a unique database covering 44 countries in sub-Saharan Africa (SSA) countries between 2000 and 2007 to study the determinants of the allocation and composition of flows across countries, as well as channels through which private capital flows could affect growth.
Abstract: The paper uses a unique database covering 44 countries in sub-Saharan Africa (SSA) countries between 2000 and 2007 to study the determinants of the allocation and composition of flows across countries, as well as channels through which private capital flows could affect growth. In our sample, the degree of financial market development is an important determinant of the distribution of capital flows across countries as opposed to property rights institutions. The fairly consistent positive association between net capital flows and growth for SSA countries contrasts with the more pessimistic results of recent studies, though our data do not allow us to make conclusive inferences about a causality relationship.

23 citations

01 Jan 1999
TL;DR: In this article, the authors argue that pension reform and the promotion of private pension funds requires a small core of sound, prudent and efficient financial institutions, such as banks and insurance companies, but does not depend on the prior existence of well-developed securities markets.
Abstract: The question of the links between pension reform and financial markets has two aspects. One concerns the preconditions in terms of financial sector development for the successful implementation of pension reform, while the other refers to the long-term impact of pension reform on the development of financial markets. This paper argues that pension reform and the promotion of private pension funds requires a small core of sound, prudent and efficient financial institutions, such as banks and insurance companies, but does not depend on the prior existence of well-developed securities markets. Private pension funds and insurance companies are likely to have a beneficial impact on financial market development once they reach critical mass and provided they operate in a conducive regulatory environment.

23 citations

Journal ArticleDOI
TL;DR: In this article, the causal relationships among foreign direct investment (FDI), economic growth and financial sector development are far from being conclusive, a reflection of the different methodologie.
Abstract: Studies on the causal relationships among foreign direct investment (FDI), economic growth and financial sector development are far from being conclusive, a reflection of the different methodologie...

23 citations

Journal ArticleDOI
TL;DR: In this paper, the authors examined the relationship between remittances, remittance volatility and financial sector development in sub-Saharan Africa using a two-step system GMM estimator over the period 2002-2014.

23 citations

Book
01 Jan 1990
TL;DR: In this article, the authors discuss the lessons of recent experience with indirect methods of monetary control, and present the edited proceedings of the seminar and will be of value to policy makers and students of developing countries.
Abstract: Rapid structural change and widespread adoption of financial sector reforms in developing countries have placed pressure on traditional instruments of monetary control. It is widely accepted that, if the necessary macroeconomic control can be maintained, a move to an indirect, market-oriented system of monetary policy instruments will help the financial sector perform in a sounder and more efficient manner, resulting in the maximum contribution to economic development. With these developments in mind, the Financial Policy and Systems Division of the World Bank organized a seminar in May, 1990, which brought together experts from industrial and middle income countries, together with some of the Bank's own financial sector specialists and those of the International Monetary Fund, to discuss the lessons of recent experience with indirect methods of monetary control. This volume reports the edited proceedings of the seminar and will be of value to policy makers and students of developing countries.

23 citations


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Performance
Metrics
No. of papers in the topic in previous years
YearPapers
202357
202279
202155
202093
201991
201888