@workingpaper{Asongu2011bq,
title = {New financial intermediary development indicators for developing countries},
author = {Simplice A Asongu},
editor = {African 2011 Governance and Development Institute WP/11/005},
url = {http://www.afridev.org/RePEc/agd/agd-wpaper/New-financial-development-indicators-for-developing-countries.pdf},
year = {2011},
date = {2011-05-01},
abstract = {Financial development indicators are often applied to countries/regions without taking
into account specific financial development realities. Financial depth in the perspective of
monetary base is not equal to liquid liabilities in every development context. This paper
introduces complementary indicators to the existing Financial Development and Structure
Database (FDSD) and unites two streams of research. It contributes at the same time to the
macroeconomic literature on measuring financial development and responds to the growing
field of economic development by means of informal financial sector promotion and
microfinance. The paper suggests a practicable way to disentangle the effects of the various
financial sectors on economic developments.},
keywords = {Developing countries, Finance; Development; Formalization, panel},
pubstate = {published},
tppubtype = {workingpaper}
}