NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Financial Development in 205 Economies, 1960 to 2010

Martin Čihák, Asli Demirgüč-Kunt, Erik Feyen, Ross Levine

NBER Working Paper No. 18946
Issued in April 2013
NBER Program(s):Corporate Finance, Development Economics, Economic Fluctuations and Growth, International Finance and Macroeconomics

This paper describes our construction of the Global Financial Development Database and uses the data to compare financial systems around the world. The database provides information on financial systems in 205 economies over the period from 1960 to 2010 and includes measures of (1) size of financial institutions and markets (financial depth), (2) degree to which individuals and firms can and do use financial services (access), (3) efficiency of financial intermediaries and markets in intermediating resources and facilitating financial transactions (efficiency), and (4) stability of financial institutions and markets (stability).

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Document Object Identifier (DOI): 10.3386/w18946

Published: Cihak, Martin & Demirguc-Kunt, Asli & Feyen, Erik & Levine, Ross, 2013. "Financial Development in 205 Economies, 1960 to 2010," Journal of Financial Perspectives, EY Global FS Institute, vol. 1(2), pages 17-36. citation courtesy of

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