Series: IMF Working Papers
Author(s): Adolfo Barajas , Thorsten Beck , Era Dabla-Norris , and Reza Yousefi
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 28 March 2013
Keywords: Financial Development, Financial Sector Policies, Benchmarking, financial system, financial systems, financial sector, financial reform, stock market, Financial Markets and the Macroeconomy, Monetary Policy (Targets
This paper introduces the concept of the financial possibility frontier as a constrained optimum level of financial development to gauge the relative performance of financial systems across the globe. This frontier...