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

Version
V0
Resource Type
Dataset
Creator
  • Abiad, Abdul
  • Mody, Ashoka
Publication Date
2005-03-01
Description
  • Abstract

    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.
Availability
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Relations
  • Is supplement to
    DOI: 10.1257/0002828053828699 (Text)
Publications
  • Abiad, Abdul, and Ashoka Mody. “Financial Reform: What Shakes It? What Shapes It?” American Economic Review 95, no. 1 (February 2005): 66–88. https://doi.org/10.1257/0002828053828699.
    • ID: 10.1257/0002828053828699 (DOI)

Update Metadata: 2020-05-18 | Issue Number: 2 | Registration Date: 2019-12-06

Abiad, Abdul; Mody, Ashoka (2005): Replication data for: Financial Reform: What Shakes It? What Shapes It?. Version: V0. ICPSR - Interuniversity Consortium for Political and Social Research. Dataset. https://doi.org/10.3886/E116046