| fin_reform {micsr} | R Documentation |
Political economy of financial reforms
Description
a pseudo-panel of 35 countries from 1973 to 1996
Format
a tibble containing:
country: the country id
year: the year
region: the region
pol: political orientation of the government
fli: degree of policy liberalization index (from 0 to 18)
yofc: year of office
gdpg: growth rate of the gdp
infl: inflation rate
bop: balance of payments crises
bank: banking crises
imf: IMF program dummy
usint: international interest rates
open: trade openess
dindx: difference of the inflation rate
indx: inflation rate divided by 18
indxl: lag value of indx
rhs1: indxl * (1 - indxl)
max_indxl: maximumum value of indxl by year and region
catchup: difference between max_indxl and indxl
dum_bop: balance of paiement crisis in the first two previous years
dum_bank: bank crises in the first two previous years
dum_1yofc: dummy for first year of office
recession: dummy for recessions
hinfl: dummy for inflation rate greater than 50 percent
Source
AEA website
References
Abiad A, Mody A (2005). “Financial Reform: What Shakes It? What Shapes It?” American Economic Review, 95(1), 66-88.