Benchmarking Financial Systems : Introducing the Financial Possibility Frontier

• Tác giả: Erik Feyen
• Ngôn ngữ: eng
• Ký hiệu phân loại: 658.15 Financial management
• Thông tin xuất bản: World Bank, Washington, D.C., 2013
• Bộ sưu tập: Tài liệu truy cập mở
• ID: 299411
• Chủ đề: 1. accounting; 2. agency problem; 3. agency problems; 4. arbitrage; 5. asset positions

Tóm tắt

Across the world, supply for financial services rarely matches the demand, given multiple market frictions. This paper discusses the concept of the financial possibilities frontier as a constrained optimum to categorize different problems of shallow financial markets or unsustainable expansion. The paper offers three examples of how to use different data sources to apply the frontier concept to assess the state of financial systems.