Benchmarking Financial Systems - Introducing the Financial Possibility Frontier
The World Bank
Download Document| Date Published | 2013 |
| Version | |
| Primary Author | Thorsten Beck |
| Other Authors | Erik Feyen |
| Theme | Comparing Housing Finance Systems |
| Country |
Abstract
Across the world, supply for financial services rarely matches the demand, given multiple market frictions. This paper discusses the concept of the financial possibilities frontier as a constrained optimum to categorize different problems of shallow financial markets or unsustainable expansion. The paper offers three examples of how to use different data sources to apply the frontier concept to assess the state of financial systems.