Quality of financial policies and financial system stress
By: prepared by Udaibir S. Das ... [et al.].
Contributors: Das, Udaibir S.; International Monetary Fund. Monetary and Financial Systems Dept.
Series: IMF working paper -- WP/05/173
Publisher: International Monetary Fund, Monetary and Financial Systems Dept.
Published: 2005
Place of publication: Washington, D.C
Language: eng
Number of pages: 48
Subjects: Financial crises -- Econometric models.; Economic policy -- Econometric models.; Macroeconomics.
Description: In this paper, we develop multi-country indices of financial system stress and quality of financial policies and use them in regression analysis of the determinants of financial stress. We find that countries with higher quality of financial policies are better able to contain the effects of macroeconomic pressures on the overall level of stress in the financial system. They are also in a better position to ensure sustainable development of the financial system.
Notes: "Prepared by Udaibir S. Das, Plamen Issifov, Richard Podpiera, and Dmitriy Rozhkov."

"August 2005."

Includes bibliographical references (p. 24-31).

Also available on the World Wide Web.