TY - BOOK ID - 84544274 TI - Mother, Can I Trust the Government? Sustained Financial Deepening : A Political Institutionsview AU - Quintyn, Marc. AU - Verdier, Genevieve. PY - 2010 SN - 1462344631 1455286907 1283565536 9786613877987 1455281840 PB - Washington, D.C. : International Monetary Fund, DB - UniCat KW - Banks and Banking KW - Finance: General KW - Financial Risk Management KW - Money and Monetary Policy KW - Public Finance KW - General Financial Markets: Government Policy and Regulation KW - Financial Institutions and Services: Government Policy and Regulation KW - Economic History: Financial Markets and Institutions: General, International, or Comparative KW - Economic Development: Financial Markets KW - Saving and Capital Investment KW - Corporate Finance and Governance KW - Financial Markets and the Macroeconomy KW - Taxation, Subsidies, and Revenue: General KW - Monetary Policy, Central Banking, and the Supply of Money and Credit: General KW - Financial Crises KW - Banks KW - Depository Institutions KW - Micro Finance Institutions KW - Mortgages KW - Finance KW - Public finance & taxation KW - Monetary economics KW - Economic & financial crises & disasters KW - Banking KW - Financial sector development KW - Legal support in revenue administration KW - Credit KW - Financial crises KW - Financial markets KW - Revenue administration KW - Money KW - Credit booms KW - Financial services industry KW - Revenue KW - Banks and banking KW - Russian Federation UR - https://www.unicat.be/uniCat?func=search&query=sysid:84544274 AB - Only a minority of countries have succeeded in establishing a developed financial system, despite widespread financial liberalization. Confronted with this finding, the political institutions view claims that sustained financial deepening is most likely to take place in institutional environments where governments effectively impose constraints on their own powers in order to create trust. This paper identifies over 200 post-1960 episodes of accelerations in financial development in a large cross-section of countries. We find that the likelihood of an acceleration leading to sustained financial development increases greatly in environments that have high-quality political institutions. ER -