000			02145cam a22004214a 4500
001			4250
003			The World Bank
006			m d
007			cr cn|||||||||
008			020129s2007 dcu i001 0 eng
024	8		_a10.1596/1813-9450-4250
035			_a(The World Bank)4250
100	1		_aIslam, Roumeen
245	1	0	_aEconomic Information and Finance _h[electronic resource] : _bMore Information Means More Credit, Fewer Bad Loans, and Less Corruption / _cIslam, Roumeen
260			_aWashington, D.C., _bThe World Bank, _c2007
300			_a1 online resource (38 p.)
520	3		_aThis 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.
650		4	_aAccess to Finance
650		4	_aAccounting
650		4	_aBank lending
650		4	_aBank Policy
650		4	_aBankruptcy and Resolution of Financial Distress
650		4	_aBanks and Banking Reform
650		4	_aDebt Markets
650		4	_aFinance and Financial Sector Development
650		4	_aFinancial health
650		4	_aFinancial Intermediation
650		4	_aFinancial sector development
650		4	_aInsurance
650		4	_aLabor markets
650		4	_aNon-performing loans
650		4	_aPrivate credit
650		4	_aTransparency
700	1		_aIslam, Roumeen
776	1	8	_aPrint version: _iIslam, Roumeen. _tEconomic Information and Finance. _dWashington, D.C., The World Bank, 2007
830		0	_aPolicy research working papers.
830		0	_aWorld Bank e-Library.
856	4	0	_uhttp://elibrary.worldbank.org/doi/book/10.1596/1813-9450-4250
999			_c22754 _d22754