Islam, Roumeen
Economic Information and Finance More Information Means More Credit, Fewer Bad Loans, and Less Corruption / Islam, Roumeen [electronic resource] : Islam, Roumeen - Washington, D.C., The World Bank, 2007 - 1 online resource (38 p.) - Policy research working papers. World Bank e-Library. .
This paper builds on recent work that shows how financial sector outcomes are affected by the provision of information by financial and other entities. In particular, it shows that an indicator of economic transparency is positively related to higher levels of private credit and a lower share of nonperforming loans even after accounting for factors commonly believed to influence financial sector development in cross-country empirical estimation. Timely access to economic data allows investors to make better decisions on investments and to better monitor banks' financial health. Greater economic transparency raises accountability and lowers corruption in bank lending.
10.1596/1813-9450-4250
Access to Finance
Accounting
Bank lending
Bank Policy
Bankruptcy and Resolution of Financial Distress
Banks and Banking Reform
Debt Markets
Finance and Financial Sector Development
Financial health
Financial Intermediation
Financial sector development
Insurance
Labor markets
Non-performing loans
Private credit
Transparency
Economic Information and Finance More Information Means More Credit, Fewer Bad Loans, and Less Corruption / Islam, Roumeen [electronic resource] : Islam, Roumeen - Washington, D.C., The World Bank, 2007 - 1 online resource (38 p.) - Policy research working papers. World Bank e-Library. .
This paper builds on recent work that shows how financial sector outcomes are affected by the provision of information by financial and other entities. In particular, it shows that an indicator of economic transparency is positively related to higher levels of private credit and a lower share of nonperforming loans even after accounting for factors commonly believed to influence financial sector development in cross-country empirical estimation. Timely access to economic data allows investors to make better decisions on investments and to better monitor banks' financial health. Greater economic transparency raises accountability and lowers corruption in bank lending.
10.1596/1813-9450-4250
Access to Finance
Accounting
Bank lending
Bank Policy
Bankruptcy and Resolution of Financial Distress
Banks and Banking Reform
Debt Markets
Finance and Financial Sector Development
Financial health
Financial Intermediation
Financial sector development
Insurance
Labor markets
Non-performing loans
Private credit
Transparency