Using a new database of World Bank loans to support financial sector development, the authors investigate whether countries that received such loans experienced more rapid growth on standard indicators of financial development than countries that did not. They account for self-selection with treatment effects regressions, and also use propensity score matching techniques. The authors' results indicate that borrowing countries had significantly more...
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INFORMATION
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2005/07/01
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Document de travail de recherche sur les politiques
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WPS3656
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1
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1
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2010/07/01
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Disclosed
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World Bank lending and financial sector development
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adjustment loan
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