Data drive modern economics, but one of the biggest missing data sets involves aspects of a country’s financial development. Until now, only rough approximations served to explain how finance influences growth and prosperity. Economist Katsiaryna Svirydzenka attempts to fill this gap by introducing a series of indices capturing different measures of financial markets and institutions. getAbstract recommends this thoughtful and groundbreaking addition to the research on financial development and growth to economists and analysts.
In this summary, you will learn
- Why existing measures of financial development are insufficient,
- How a better set of indices reveals greater information and
- What new insights these indices offer.
About the Author
Katsiaryna Svirydzenka is an economist at the International Monetary Fund.