GFDR 2013 Report
Chapter 1. Benchmarking Financial Systems around the World
- Financial systems are multidimensional. Four characteristics are of particular interest for benchmarking financial systems: financial depth, access, efficiency, and stability. These characteristics need to be measured for financial institutions and markets
- Financial systems come in all shapes and sizes, and differ widely in terms of the four characteristics. As economies develop, services provided by financial markets tend to become more important than those provided by banks.
- The global financial crisis was not only about financial instability. In some economies, the crisis was associated with important changes in financial depth and access.
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