DataBank

Metadata Glossary

CodeGCI.8THPILLAR.XQ
Indicator Name8th pillar: Financial market sophistication
Short definitionThis indicator is a derived from the following indicators: (a) Availability of financial services (b) Affordability of financial services (c) Financing through local equity market (d) Ease of access to loans (e) Venture capital availability (f) Restriction on capital flows (g) Soundness of banks (h) Regulation of securities exchanges and (i) Legal rights index.
Long definitionThis indicator is a derived from the following indicators: - (a) Availability of financial services (b) Affordability of financial services (c) Financing through local equity market (d) Ease of access to loans (e) Venture capital availability (f) Restriction on capital flows (g) Soundness of banks (h) Regulation of securities exchanges and (i) Legal rights index.
SourceThe Global Competitiveness Report: various issues (http://gcr.weforum.org/).
TopicPublic Sector: Policy & institutions
PeriodicityAnnual
General commentsTwo types of data are used in the GCI: (a) Survey data:These data are the results drawn from the World Economic Forum’s Executive Opinion Survey. (b) Hard data: These data come from indicators obtained from a variety of sources.
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