Replication data for: Financial Reform: What Shakes It? What Shapes It?

Principal Investigator(s): View help for Principal Investigator(s) Abdul Abiad; Ashoka Mody

Name	File Type	Size	Last Modified
LICENSE.txt	text/plain	14.6 KB	12/06/2019 10:29:AM
Readme.doc	application/msword	30.5 KB	12/06/2019 10:29:AM
Tables-and-Charts-formatted.xls	application/vnd.ms-excel	225.5 KB	12/06/2019 10:29:AM
finreform_aer.do	text/plain	13.8 KB	12/06/2019 10:29:AM
flidata.dta	application/octet-stream	81.8 KB	12/06/2019 10:29:AM

Project Citation:

Abiad, Abdul, and Mody, Ashoka. Replication data for: Financial Reform: What Shakes It? What Shapes It? Nashville, TN: American Economic Association [publisher], 2005. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2019-12-06. https://doi.org/10.3886/E116046V1

Project Description

Summary: What accounts for the worldwide advance of financial reforms in the last quarter century? Using a new index of financial liberalization, we find that influential events shook the policy status quo. Balance-of-payments crises spurred reforms, but banking crises set liberalization back. Falling global interest rates strengthened reformers, while new governments went both ways. The overall trend toward liberalization, however, reflected pressures and incentives generated by initial reforms that raised the likelihood of additional reforms, stimulated further by the need to catch up with regional reform leaders. In contrast, ideology and country structure had limited influence.

Scope of Project

JEL Classification:
      F34 International Lending and Debt Problems
      G28 Financial Institutions and Services: Government Policy and Regulation
      O16 Economic Development: Financial Markets; Saving and Capital Investment; Corporate Finance and Governance
      P16 Capitalist Systems: Political Economy
      P26 Socialist Systems and Transitional Economies: Political Economy; Property Rights
      P34 Socialist Institutions and Their Transitions: Financial Economics

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V1 [2019-12-06]

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