World Bank Lending and Financial Sector Development

creativeworkseries.issn 1564-698X Cull, Robert Effron, Laurie 2012-03-30T07:12:37Z 2012-03-30T07:12:37Z 2008-05-30
dc.description.abstract A new database of World Bank loans to support financial sector development is used to investigate whether countries that received such loans experienced more rapid growth on standard indicators of financial development than countries that did not. Self-selection is accounted for with treatment-effects regressions. The results indicate that borrowing countries had significantly more rapid growth in M2/GDP than nonborrowers and swifter reductions in interest rate spreads and cash holdings (as a share of M2). Borrowers also had higher private credit growth rates than nonborrowers in some treatment-effects regressions but not in standard panel regressions with fixed country effects. On the whole, the results indicate some significant advantages in financial development for borrowers over nonborrowers. en
dc.identifier.citation World Bank Economic Review
dc.identifier.issn 1564-698X
dc.publisher World Bank
dc.relation.ispartofseries World Bank Economic Review
dc.rights CC BY-NC-ND 3.0 IGO
dc.rights.holder World Bank
dc.subject bank lending
dc.subject bank loans
dc.subject borrowers
dc.subject borrowing
dc.subject financial development
dc.subject financial sector development
dc.subject interest
dc.subject interest rate
dc.subject private credit
dc.title World Bank Lending and Financial Sector Development en
dc.type Journal Article en
dc.type Article de journal fr
dc.type Artículo de revista es
dspace.entity.type Publication
dspace.entity.type Publication
okr.doctype Journal Article
okr.globalpractice Macroeconomics and Fiscal Management
okr.globalpractice Finance and Markets
okr.globalpractice Trade and Competitiveness 2
okr.language.supported en
okr.pagenumber 315
okr.pagenumber 343
okr.pdfurl wber_22_2_315.pdf en
okr.peerreview Academic Peer Review Nigeria Brazil Burkina Faso Bolivia Macedonia
okr.topic Finance and Financial Sector Development :: Access to Finance
okr.topic Macroeconomics and Economic Growth :: Economic Adjustment and Lending
okr.topic Finance and Financial Sector Development :: Debt Markets
okr.topic Banks and Banking Reform
okr.topic Finance and Financial Sector Development :: Bankruptcy and Resolution of Financial Distress
okr.topic Private Sector Development :: Emerging Markets
okr.topic Economic Theory and Research
okr.volume 22
relation.isJournalIssueOfPublication 7db3ebbc-cb91-498f-95a8-4467c8a619ae
relation.isJournalOfPublication c41eae2f-cf94-449d-86b7-f062aebe893f
relation.isJournalVolumeOfPublication 4c8baec9-4fd4-4228-8add-184b554e4a53
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