IMF Staff Papers

, Volume 57, Issue 2, pp 281–302 | Cite as

A New Database of Financial Reforms

  • Abdul Abiad
  • Enrica Detragiache
  • Thierry Tressel


This paper introduces a new database of financial reforms covering 91 economies over 1973–2005. It describes the content of the database, the information sources utilized, and the coding rules used to create an index of financial reform. It also compares the database with other measures of financial liberalization, provides descriptive statistics, and discusses some possible applications. The database provides a multifaceted measure of reform, covering seven aspects of financial sector policy. Along each dimension the database provides a graded (rather than a binary) score, and allows for reversals.

JEL Classifications

N20 G18 G28 P11 


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Copyright information

© International Monetary Fund 2009

Authors and Affiliations

  • Abdul Abiad
  • Enrica Detragiache
  • Thierry Tressel

There are no affiliations available

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