Publication:
Financial Development and Fragility: A Clustering Analysis

dc.contributor.authorJoão, Igor Custodio
dc.contributor.authorCalice, Pietro
dc.contributor.authorLucas, Andre
dc.contributor.authorSchaumburg, Julia
dc.date.accessioned2024-07-17T20:21:41Z
dc.date.available2024-07-17T20:21:41Z
dc.date.issued2024-07-17
dc.description.abstractThis paper explores the potential correlations between financial development and state fragility, using a sample of 137 countries observed over the period from 1998–2019. The countries are grouped into clusters that capture the different joint states of financial development and fragility. The paper introduces a new switching methodology to further allow for a qualification of the evolution of countries in terms. of fragility scores with and without controlling for other variables. Irrespective of the precise methodology and state fragility measure as used in this paper, the findings indicate a negative correlation between financial development and state fragility, after controlling for several forms of observed and unobserved heterogeneity.en
dc.identifierhttp://documents.worldbank.org/curated/en/099223307152439240/IDU1739be15019228146b41af801b4bab9068283
dc.identifier.doi10.1596/1813-9450-10850
dc.identifier.urihttps://hdl.handle.net/10986/41895
dc.languageEnglish
dc.language.isoen_US
dc.publisherWashington, DC: World Bank
dc.relation.ispartofseriesPolicy Research Working Paper; 10850
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttps://creativecommons.org/licenses/by/3.0/igo/
dc.subjectFRAGILITY, CONFLICT AND VIOLENCE
dc.subjectFINANCIAL SECTOR DEVELOPMENT
dc.subjectPEACE, JUSTICE AND STRONG INSTITUTIONS
dc.subjectSDG 16
dc.subjectSDG 8
dc.subjectDECENT WORK AND ECONOMIC GROWTH
dc.titleFinancial Development and Fragilityen
dc.title.subtitleA Clustering Analysisen
dc.typeWorking Paper
dspace.entity.typePublication
okr.crossref.titleFinancial Development and Fragility: A Clustering Analysis
okr.date.disclosure2024-07-17
okr.date.lastmodified2024-07-15T00:00:00Zen
okr.doctypePolicy Research Working Paper
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/099223307152439240/IDU1739be15019228146b41af801b4bab9068283
okr.guid099223307152439240
okr.identifier.docmidIDU-739be150-9228-46b4-af80-b4bab9068283
okr.identifier.doi10.1596/1813-9450-10850
okr.identifier.doihttps://doi.org/10.1596/1813-9450-10850
okr.identifier.externaldocumentum34364723
okr.identifier.internaldocumentum34364723
okr.identifier.reportWPS10850
okr.import.id4818
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/099223307152439240/pdf/IDU1739be15019228146b41af801b4bab9068283.pdfen
okr.region.geographicalWorld
okr.sectorBanking Institutions
okr.topicFinance and Financial Sector Development::Finance and Development
okr.topicConflict and Development::Conflict and Fragile States
okr.unitEFI-FCI-Finance-GD (EFNDR)
okr.unitEFI-ECA-FCI-Finance-1 (EECF1)
relation.isSeriesOfPublication26e071dc-b0bf-409c-b982-df2970295c87
relation.isSeriesOfPublication.latestForDiscovery26e071dc-b0bf-409c-b982-df2970295c87
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