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Financial Sector Policy in Practice : Benchmarking Financial Sector Strategies around the World

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dc.contributor.authorMaimbo, Samuel Munzele
dc.contributor.authorMelecky, Martin
dc.date.accessioned2014-02-03T21:07:35Z
dc.date.available2014-02-03T21:07:35Z
dc.date.issued2014-01
dc.description.abstractPolicy makers use financial sector strategies to formulate a holistic policy for their national financial sectors. This paper examines and rates financial sector strategies around the world based on how well they formulate development targets, arrangements for systemic risk management, and implementation plans. The strategies are also rated on whether they consider policy trade-offs between financial development and systemic risk management. The rated strategies are then benchmarked against a wide range of country characteristics. The analysis finds that the scope and quality of national strategies for the financial sector are influenced by the country's type of legal system, its level of income and macroeconomic stability, the existing financial depth and inclusion, the share of foreign ownership in the national financial sector, and the experience of past financial crises. Giving due consideration to policy trade-offs, particularly between financial development and systemic risk management, remains the weakest part of these strategies. Countries with civil- and religious-based law and those with a higher share of foreign ownership in their financial system address the policy trade-offs more often.en
dc.identifierhttp://documents.worldbank.org/curated/en/2014/01/18808104/financial-sector-policy-practice-benchmarking-financial-sector-strategies-around-world
dc.identifier.doi10.1596/1813-9450-6746
dc.identifier.urihttps://hdl.handle.net/10986/16832
dc.languageEnglish
dc.language.isoen_US
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesPolicy Research Working Paper;No. 6746
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectACCOUNTABILITY
dc.subjectACCOUNTING
dc.subjectAMOUNT OF CREDIT
dc.subjectASSETS
dc.subjectBANK ENTRY
dc.subjectBANK FOR INTERNATIONAL SETTLEMENTS
dc.subjectBANK LOAN
dc.subjectBANK OF THAILAND
dc.subjectBANKING CRISES
dc.subjectBANKING CRISIS
dc.subjectBANKING REGULATION
dc.subjectBANKING SECTOR
dc.subjectBANKING SYSTEM
dc.subjectBANKING SYSTEMS
dc.subjectBENCHMARK
dc.subjectBENCHMARKING
dc.subjectBENCHMARKS
dc.subjectCAPITAL ACCOUNT
dc.subjectCAPITAL CONTROLS
dc.subjectCAPITAL INFLOWS
dc.subjectCAPITAL MARKET
dc.subjectCAPITAL MARKETS
dc.subjectCENTRAL BANK
dc.subjectCENTRAL BANKS
dc.subjectCIVIL LAW
dc.subjectCIVIL SOCIETY
dc.subjectCIVIL SOCIETY ORGANIZATIONS
dc.subjectCOMMERCIAL BANKS
dc.subjectCOMMON LAW
dc.subjectCOMPETITIVE ADVANTAGES
dc.subjectCOMPETITIVENESS
dc.subjectCOMPREHENSIVE STRATEGIES
dc.subjectCOMPREHENSIVE STRATEGY
dc.subjectCONSOLIDATED SUPERVISION
dc.subjectCONSUMER LOANS
dc.subjectCONSUMER PROTECTION
dc.subjectCONSUMERS
dc.subjectCREDIT GROWTH
dc.subjectCREDIT INSTITUTIONS
dc.subjectCREDIT MARKETS
dc.subjectCREDIT RISK
dc.subjectCREDIT RISKS
dc.subjectDATA AVAILABILITY
dc.subjectDEBT
dc.subjectDEBT-SERVICING COSTS
dc.subjectDEVELOPING COUNTRIES
dc.subjectDEVELOPMENT ASSISTANCE
dc.subjectDEVELOPMENT BANK
dc.subjectDEVELOPMENT ECONOMICS
dc.subjectDEVELOPMENT PATH
dc.subjectDEVELOPMENT STRATEGIES
dc.subjectDEVELOPMENT STRATEGY
dc.subjectDOMESTIC BANKING
dc.subjectDOMESTIC BANKS
dc.subjectDOMESTIC ECONOMY
dc.subjectDOMESTIC MARKET
dc.subjectECONOMIC DEVELOPMENT
dc.subjectELECTRONIC PAYMENTS
dc.subjectEMPLOYMENT
dc.subjectENTRY BARRIERS
dc.subjectEXCHANGE COMMISSION
dc.subjectEXCHANGE TRANSACTIONS
dc.subjectEXPOSURES
dc.subjectFINANCIAL CRISES
dc.subjectFINANCIAL CRISIS
dc.subjectFINANCIAL DEEPENING
dc.subjectFINANCIAL DEVELOPMENT
dc.subjectFINANCIAL FLOWS
dc.subjectFINANCIAL INFRASTRUCTURE
dc.subjectFINANCIAL INSTITUTIONS
dc.subjectFINANCIAL LIBERALIZATION
dc.subjectFINANCIAL MARKET
dc.subjectFINANCIAL MARKETS
dc.subjectFINANCIAL POLICIES
dc.subjectFINANCIAL REGULATION
dc.subjectFINANCIAL RISK
dc.subjectFINANCIAL RISKS
dc.subjectFINANCIAL SECTOR
dc.subjectFINANCIAL SECTOR DEVELOPMENT
dc.subjectFINANCIAL SECTOR POLICIES
dc.subjectFINANCIAL SECTOR POLICY
dc.subjectFINANCIAL SECTOR STABILITY
dc.subjectFINANCIAL SECTOR STRATEGIES
dc.subjectFINANCIAL SECTOR STRATEGY
dc.subjectFINANCIAL SECTORS
dc.subjectFINANCIAL SERVICE
dc.subjectFINANCIAL SERVICES
dc.subjectFINANCIAL STABILITY
dc.subjectFINANCIAL STRUCTURE
dc.subjectFINANCIAL STRUCTURES
dc.subjectFINANCIAL SYSTEM
dc.subjectFINANCIAL SYSTEMS
dc.subjectFOREIGN BANK
dc.subjectFOREIGN BANKS
dc.subjectFOREIGN CAPITAL
dc.subjectFOREIGN CURRENCY
dc.subjectFOREIGN CURRENCY EXPOSURE
dc.subjectFOREIGN EXCHANGE
dc.subjectFOREIGN EXCHANGE RISK
dc.subjectFOREIGN EXCHANGE RISKS
dc.subjectFOREIGN EXCHANGE TRANSACTIONS
dc.subjectFOREIGN OWNERSHIP
dc.subjectFUTURE RESEARCH
dc.subjectGDP
dc.subjectGOVERNMENT INVESTMENT
dc.subjectGOVERNMENT OFFICIALS
dc.subjectGOVERNMENT OWNERSHIP
dc.subjectGOVERNMENT SUBSIDIES
dc.subjectGROSS DOMESTIC PRODUCT
dc.subjectHOUSING
dc.subjectHUMAN RESOURCE
dc.subjectINCOME
dc.subjectINCOME GROUP
dc.subjectINCOME GROUPS
dc.subjectINCOME LEVEL
dc.subjectINDEBTEDNESS
dc.subjectINFLATION
dc.subjectINFORMATION FLOW
dc.subjectINFORMATION TECHNOLOGY
dc.subjectINITIATIVE
dc.subjectINSURANCE
dc.subjectINSURANCE COMPANIES
dc.subjectINTEGRITY
dc.subjectINTEREST RATE
dc.subjectINTEREST RATE RISKS
dc.subjectINTERNATIONAL BANK
dc.subjectINTERNATIONAL FINANCIAL INSTITUTIONS
dc.subjectINVESTIGATION
dc.subjectISLAMIC FINANCE
dc.subjectLABOR MARKET
dc.subjectLAWS
dc.subjectLEGAL ENVIRONMENT
dc.subjectLEGAL FRAMEWORK
dc.subjectLEGAL SYSTEM
dc.subjectLEGAL SYSTEMS
dc.subjectLEGISLATIVE FRAMEWORK
dc.subjectLENDER
dc.subjectLENDER-OF-LAST-RESORT
dc.subjectLESS DEVELOPED COUNTRIES
dc.subjectLEVEL OF INFLATION
dc.subjectLIBERALIZATION
dc.subjectLOAN PORTFOLIOS
dc.subjectLOBBYING
dc.subjectLONG-TERM CAPITAL
dc.subjectLONG-TERM FINANCE
dc.subjectMACROECONOMIC ENVIRONMENT
dc.subjectMACROECONOMIC ENVIRONMENTS
dc.subjectMACROECONOMIC MANAGEMENT
dc.subjectMACROECONOMIC POLICIES
dc.subjectMACROECONOMIC STABILITY
dc.subjectMANDATES
dc.subjectMARKET FAILURES
dc.subjectMARKET INSTRUMENTS
dc.subjectMARKET REGULATION
dc.subjectMIDDLE-INCOME COUNTRY
dc.subjectMINISTER
dc.subjectMINISTRIES OF FINANCE
dc.subjectMONETARY FUND
dc.subjectMONETARY POLICY
dc.subjectMONETARY SUPPLY
dc.subjectNATIONAL BANK
dc.subjectNATIONAL DEVELOPMENT
dc.subjectNATIONAL INCOME
dc.subjectNDP
dc.subjectNONPERFORMING LOANS
dc.subjectNPL
dc.subjectOUTSTANDING LOANS
dc.subjectOVERDUE LOANS
dc.subjectPARTICULAR COUNTRY
dc.subjectPAYMENT SERVICES
dc.subjectPER CAPITA INCOME
dc.subjectPOLITICAL ECONOMY
dc.subjectPORTFOLIOS
dc.subjectPOSITIVE COEFFICIENT
dc.subjectPOSITIVE COEFFICIENTS
dc.subjectPOVERTY ALLEVIATION
dc.subjectPRICE STABILITY
dc.subjectPRODUCT MARKETS
dc.subjectPRODUCTIVITY
dc.subjectPRUDENTIAL REGULATION
dc.subjectPUBLIC POLICY
dc.subjectREAL ECONOMIC ACTIVITY
dc.subjectREAL SECTOR
dc.subjectREFORM PROGRAM
dc.subjectREGRESSION ANALYSIS
dc.subjectREGULATORS
dc.subjectREGULATORY FRAMEWORK
dc.subjectREGULATORY POLICY
dc.subjectRESERVE
dc.subjectRESERVE BANK
dc.subjectRESERVE BANK OF INDIA
dc.subjectRETURN
dc.subjectRISK EXPOSURE
dc.subjectRISK MANAGEMENT
dc.subjectRISK TAKING
dc.subjectSAVINGS
dc.subjectSECURITIES
dc.subjectSHARE OF BANK ASSETS
dc.subjectSOCIAL COSTS
dc.subjectSOCIAL SERVICES
dc.subjectSTATE BANK
dc.subjectSTATE BANK OF PAKISTAN
dc.subjectSUBSIDIARIES
dc.subjectSUBSIDIARY
dc.subjectSUPERVISORY AUTHORITY
dc.subjectSYSTEMIC RISK
dc.subjectSYSTEMIC RISKS
dc.subjectTAX
dc.subjectTAX TREATMENT
dc.subjectTECHNICAL ASSISTANCE
dc.subjectTRUST FUND
dc.titleFinancial Sector Policy in Practice : Benchmarking Financial Sector Strategies around the Worlden
dspace.entity.typePublication
okr.crossref.titleFinancial Sector Policy in Practice: Benchmarking Financial Sector Strategies around the World
okr.date.disclosure2014-01-01
okr.date.doiregistration2025-04-10T11:40:40.308754Z
okr.doctypePublications & Research::Policy Research Working Paper
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/2014/01/18808104/financial-sector-policy-practice-benchmarking-financial-sector-strategies-around-world
okr.globalpracticeMacroeconomics and Fiscal Management
okr.globalpracticeFinance and Markets
okr.globalpracticeGovernance
okr.globalpracticeTrade and Competitiveness
okr.guid693901468183288796
okr.identifier.doi10.1596/1813-9450-6746
okr.identifier.externaldocumentum000158349_20140116091337
okr.identifier.internaldocumentum18808104
okr.identifier.reportWPS6746
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2014/01/16/000158349_20140116091337/Rendered/PDF/WPS6746.pdfen
okr.topicPublic Sector Corruption and Anticorruption Measures
okr.topicBanks and Banking Reform
okr.topicEconomic Theory and Research
okr.topicPrivate Sector Development::Emerging Markets
okr.topicFinance and Financial Sector Development::Debt Markets
okr.topicPublic Sector Development
okr.topicMacroeconomics and Economic Growth
okr.unitDevelopment Research Group (DECRG)
okr.volume1 of 1
relation.isAuthorOfPublicationb5dea247-69d4-53cc-87d6-482abd725596
relation.isAuthorOfPublicationc2369c70-649c-4c08-a1c8-b1dcb7d123de
relation.isAuthorOfPublication.latestForDiscoveryb5dea247-69d4-53cc-87d6-482abd725596
relation.isSeriesOfPublication26e071dc-b0bf-409c-b982-df2970295c87
relation.isSeriesOfPublication.latestForDiscovery26e071dc-b0bf-409c-b982-df2970295c87
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