Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/299064 
Authors: 
Year of Publication: 
2023
Citation: 
[Journal:] Journal of Central Banking Theory and Practice [ISSN:] 2336-9205 [Volume:] 12 [Issue:] 1 [Year:] 2023 [Pages:] 107-148
Publisher: 
Sciendo, Warsaw
Abstract: 
This paper examines how fiscal transparency is linked to bank development. It also hypothesizes that the effect is mediated by reasonable channel(s). Drawing upon a panel dataset of emerging and developing economies, we find that fiscal transparency is positively related to the private credit and to the ratio of liquid assets, implying that more transparent policies enhance bank development. Our panel regressions and the mediation analysis also suggest that the effect of fiscal transparency on private credit is significantly transmitted through the control of corruption, while it has a direct effect on the ratio of liquid assets.
Subjects: 
fiscal transparency
bank development
dynamic panel
mediation
bootstrapping
JEL: 
C23
E52
E58
E62
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by Logo
Document Type: 
Article

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