English, Article edition: Measuring Financial Development in the Middle East and North Africa: A New Database Susan Creane; Rishi Goyal; A. Mushfiq Mobarak; ...

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Physical Description
  • article
Language
  • English

Edition details

Title
  • Measuring Financial Development in the Middle East and North Africa: A New Database
Author
  • Susan Creane
  • Rishi Goyal
  • A. Mushfiq Mobarak
  • Randa Sab
Physical Description
  • article
Notes
  • RePEc:pal:imfstp:v:53:y:2006:i:3:p:7
  • This paper develops a methodology to construct detailed indices of financial sector development across countries and uses it to create a new panel database of finan-cial sector development in Middle East and North Africa (MENA) countries. It combines existing quantitative data with information from comprehensive surveys undertaken in 2000-01 and 2002-03. The data show that some MENA countries have relatively well-developed banking sectors and regulatory and supervisory regimes. However, across the region, the nonbank financial sectors and sup-porting institutions are in need of reform. The MENA region ranks far behind industrialized countries and East Asia in financial sector development. Copyright 2006, International Monetary Fund
  • RePEc:imf:imfstp:v:53:y:2006:i:3:p:7
Language
  • English
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