New Financial Intermediary Development Indicators For Developing Countries

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). These new measures can easily be computed from the FDSD. The authors present absolute as well as relative measures which are robust to the finance-growth nexus.