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Typologie des systèmes financiers des pays émergents et/ou en développement
[financial system typology in emerging countries]

Author

Listed:
  • ESSID, ZINA
  • BOUJELBENE, YOUNES
  • PLIHON, DOMINIQUE

Abstract

This paper aims to conduct a comparative analysis of the evolution of financial systems in emerging countries and / or development. This comparative analysis is performed through the use of various techniques namely the principal component analysis and hierarchical clustering on a sample of 52 emerging and / or developing and during the period 1996 to 2009 statistics. The results show a strong heterogeneity of financial systems in terms of depth, efficiency, openness, legal, regulatory and macroeconomic stability. We highlighted also the primacy of institutions in explaining differences economic performance of financial systems.

Suggested Citation

  • Essid, Zina & Boujelbene, Younes & Plihon, Dominique, 2014. "Typologie des systèmes financiers des pays émergents et/ou en développement [financial system typology in emerging countries]," MPRA Paper 56289, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:56289
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    References listed on IDEAS

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    More about this item

    Keywords

    institutions; financial systems classification; emerging and / or developing countries; principal component analysis; hierarchical classification.;
    All these keywords.

    JEL classification:

    • C0 - Mathematical and Quantitative Methods - - General
    • G1 - Financial Economics - - General Financial Markets
    • K00 - Law and Economics - - General - - - General (including Data Sources and Description)

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