Reproducibility package for Global Financial Development Indicators and Indices Database

Country Code Crosswalks Data

Filenames: axcotocncode.dta; AEEM.dta; BISCountryCodes2025.csv; ess_cncode_2025.dta; remittancescncode.dta; pitch_cncode.dta; sus_to_cncode.dta; core_variable_map.xlsx (raw_data folder). Own elaboration by the authors. Used to merge source country codes with World Bank country codes and to map core variables to the indices.

Data is publicly available and included in the reproducibility package.

Authors' compilation. 2026. Country Code Crosswalks Data [dataset]. World Bank, Global Financial Development Indicators and Indices Database.

World Development Indicators

Filenames: P_Data_Extract_From_World_Development_Indicators.xlsx; WDI stockm.xlsx; listedpop.xlsx (raw_data folder). GDP, stock market variables (SCOSEX01-SCOSEX03) and listed companies per 10 million adults (SCOSEX04). Accessed Dec 2025 - Jan 2026.

Data is publicly available and included in the reproducibility package.

Creative Commons Attribution 4.0 International License (CC BY 4.0)

https://www.worldbank.org/ext/en/legal/terms-conditions/datasets

https://databank.worldbank.org/home

World Bank. (2026). World Development Indicators [dataset]. https://databank.worldbank.org/home. Accessed 2025-12.

World Economic Outlook and Annual National Accounts

Filenames: weo_oct2025.dta; dataset_2025-12-08T22_52_15.386814242Z_DEFAULT_INTEGRATION_IMF.STA_ANEA_6.0.1.csv; gdp_chk.csv; imf_findi_xr.dta; replacement_noneuro_gdp.dta (raw_data folder). Used with WDI to build GDP_lcu_usd, the GDP series used to compute ratios over GDP. Accessed Dec 2025.

Data is publicly available and included in the reproducibility package.

IMF Terms of Use

https://www.imf.org/en/about/copyright-and-terms

https://data.imf.org/en/datasets/IMF.RES:WEO

International Monetary Fund. (2026). World Economic Outlook, October 2025; Annual National Accounts [dataset]. https://data.imf.org/en/datasets/IMF.RES:WEO. Accessed 2025-12.

Debt Securities and Consolidated Banking Statistics

Filenames: WS_DEBT_SEC2_PUB_csv_col.csv; WS_CBS_PUB_csv_col.csv (raw_data folder). Variables SCOBIS01-SCOBIS03. Accessed Oct 2025.

Data is publicly available and included in the reproducibility package.

BIS Terms of Use

https://www.bis.org/about/terms-conditions#Copyright_and_Permissions

https://data.bis.org/bulkdownload

Bank for International Settlements. Debt securities statistics; Consolidated banking statistics [dataset]. https://data.bis.org/bulkdownload. Accessed 2025-10.

World Bank Enterprise Surveys

Filenames: New_Comprehensive_November_24_2025.dta; ES-Indicators-Database-Global-Methodology_July_28_2026.dta (raw_data folder). Variables SCOESS01, SCOESS02, SSUESS01-SSUESS03. Accessed Dec 2025 and Jul 2026. Users need to follow the link and download the Indicators Database - Global Methodology and Standardized Raw Database, and place it in the appropriate folder.

Data is publicly available, but does not allow redistribution and is not included in the reproducibility package.

Enterprise Surveys Terms of Use

https://www.enterprisesurveys.org/en/enterprisesurveys

World Bank. (2026). Enterprise Surveys [dataset]. https://www.enterprisesurveys.org/en/enterprisesurveys. Accessed 2026-07.

Financial Soundness Indicators

Filenames: dataset_2025-11-14T16_38_02.372016992Z_DEFAULT_INTEGRATION_IMF.STA_FSIC_13.0.1.csv (raw_data folder). Variables SCOFSI01, SCOFSI02, SSUFSI01, SSUFSI02. Accessed Nov 2025.

Data is publicly available and included in the reproducibility package.

IMF Terms of Use

https://www.imf.org/en/about/copyright-and-terms

https://data.imf.org/en/datasets/IMF.STA:FSIC

International Monetary Fund. (2025). Financial Soundness Indicators [dataset]. https://data.imf.org/en/datasets/IMF.STA:FSIC. Accessed 2025-11.

Global Findex Database 2025

Filenames: GlobalFindexDatabase2025.dta (raw_data folder). Variables SCOFIN01-SCOFIN03, SSUFIN01.

Data is publicly available and included in the reproducibility package.

Creative Commons Attribution 4.0 International License (CC BY 4.0)

https://www.worldbank.org/ext/en/legal/terms-conditions/datasets

https://www.worldbank.org/en/publication/globalfindex

World Bank. 2025. The Global Findex Database 2025 [dataset].

Financial Access Survey

Filenames: dataset_2025-11-19T21_19_59.126783259Z_DEFAULT_INTEGRATION_IMF.STA_FAS_4.0.0.csv (raw_data folder). Variables SSUFAS01-SSUFAS06. Accessed Nov 2025.

Data is publicly available and included in the reproducibility package.

IMF Terms of Use

https://www.imf.org/en/about/copyright-and-terms

https://data.imf.org/en/datasets/IMF.STA:FAS

International Monetary Fund. (2025). Financial Access Survey [dataset]. https://data.imf.org/en/datasets/IMF.STA:FAS. Accessed 2025-11.

Remittance Prices Worldwide

Filenames: Cost of Sending USD 200 to selected countries 2008 - Q3 2024.xlsx (raw_data folder). Variable SSUREM01. Accessed Mar 2026.

Data is publicly available and included in the reproducibility package.

Creative Commons Attribution 4.0 International License (CC BY 4.0)

https://www.worldbank.org/ext/en/legal/terms-conditions/datasets

https://datacatalog.worldbank.org/search/dataset/0037898/Remittance-Prices-Worldwide

World Bank. (2026). Remittance Prices Worldwide [dataset]. https://datacatalog.worldbank.org/search/dataset/0037898/Remittance-Prices-Worldwide. Accessed 2026-03.

Monetary and Financial Statistics

Filenames: dataset_2026-02-19T18_27_13.370156652Z_DEFAULT_INTEGRATION_IMF.STA_MFS_NSRF_1.0.3.csv; dataset_2026-02-19T17_18_38.069408059Z_DEFAULT_INTEGRATION_IMF.STA_MFS_ODC_10.0.0.csv; dataset_2026-08-10T15_22_45.200199385Z_DEFAULT_INTEGRATION_IMF.STA_MFS_IR_9.0.0.csv; deposits_finstats.dta (raw_data folder). Private credit, public credit, deposits, total assets, credit to deposits and lending-deposit spread (SCOIMF01, SCOIMF02, SSUIMF01-SSUIMF03, SSUIRS01). deposits_finstats.dta contains historical deposits from FinStats. Accessed Feb and Aug 2026.

Data is publicly available and included in the reproducibility package.

IMF Terms of Use

https://www.imf.org/en/about/copyright-and-terms

https://data.imf.org/en/datasets/IMF.STA:MFS_ODC

International Monetary Fund. (2026). Monetary and Financial Statistics [dataset]. https://data.imf.org/en/datasets/IMF.STA:MFS_ODC. Accessed 2026-02.

European Central Bank Total Assets Data

Filenames: bankdataecb.csv; ECB Data Portal long_20260714184946.xlsx; assets_cb.xlsx (raw_data folder). Used with IMF MFS data for bank total assets (SCOIMF02). Accessed Jul 2026.

Data is publicly available and included in the reproducibility package.

ECB Terms of Use

https://www.ecb.europa.eu/services/using-our-site/disclaimer/html/index.en.html

https://data.ecb.europa.eu/

European Central Bank. (2026). ECB Data Portal [dataset]. https://data.ecb.europa.eu/. Accessed 2026-07.

Sovereign Debt Investor Base

Filename: Database_For_Posting_EM_Frozen.xlsx (raw_data folder). Total debt in local currency (SCOIMF03). Accessed Feb 2026.

Data is publicly available and included in the reproducibility package.

IMF Terms of Use

https://www.imf.org/en/publications/wp/issues/2016/12/31/tracking-global-demand-for-emerging-market-sovereign-debt-41399

Arslanalp, S., and T. Tsuda. 2014. Tracking Global Demand for Advanced Economy / Emerging Market Sovereign Debt. IMF Working Papers [dataset]. Accessed 2026-02.

Factors Chain International Annual Review

Filenames: 2024_factoring.dta; Pages from FCI Annual Review 2025.xlsx; euro_fxrates.dta (raw_data folder). Factoring volume to GDP (SSUOTH02). Accessed Aug 2026.

Data is publicly available and included in the reproducibility package.

Public

https://fci.nl/en/annual-review?language_content_entity=en

Factors Chain International. (2026). Annual Review [dataset]. https://fci.nl/en/annual-review?language_content_entity=en. Accessed 2026-08.

Solifi Global Leasing Report

Filenames: leasing_2025.xlsx; leasing_2026.xlsx; 2024_leasing.dta (raw_data folder). Global leasing volume to GDP (SSUOTH01). Public, registration required. Accessed Aug 2026.

The data are publicly available and included in the reproducibility package.

Public, registration required

https://www.solifi.com/lease-and-loan-pricing/

Authors' compilation. 2026. Solifi Global Leasing Report [dataset]. Based on the Solifi Global Leasing Report.

AXCO Insurance Market Reports

Filenames: axco_gdp.xlsx; life.xlsx; nonlife.xlsx; Axco-Navigator-Data-Pivot-2026-03-12T19-25-44.xlsx (raw_data folder). Insurance premiums and losses (SSUAXC01-SSUAXC03). Private subscription through the World Bank Library. Accessed Nov 2025 and Mar 2026. Users must obtain access from the provider and place the files in the raw_data folder. See the data_hash_report.csv to see the data file location.

Data is proprietary and is not included in the reproducibility package.

Proprietary

https://www.axcoinfo.com/

AXCO. (2026). AXCO Insurance Market Reports [dataset]. https://www.axcoinfo.com/. Accessed 2026-03.

Dealogic Bond and Loan Issuance Data

Filenames: Issuance_Year.csv; bond_master.dta; sustainable_bonds.xlsx; sustainable_linked_bonds.xlsx; sustainable_loans.xlsx; sustainable_linked_loans.xlsx (raw_data folder). Bond issuance, issuers of corporate debt, and sustainable issuance (SCODEA01-SCODEA03, SSUSUS01-SSUSUS04). Private subscription (Dealogic Cortex). Accessed 2026. Users must obtain access from the provider and place the files in the raw_data folder. See data_hash_report.csv for the data file location.

Data is proprietary and is not included in the reproducibility package.

Proprietary

Dealogic. Dealogic Bond and Loan Issuance Data [dataset]. Accessed 2026-08.

Fitch Connect Data

Filenames: cb_unconso_database.dta; nbfi_unconso_database.dta (raw_data folder). Bank and NBFI profitability, efficiency, and stability (SCOFIT01-SCOFIT04, SSUFIT10-SSUFIT14). Private subscription. Accessed Dec 2025. Users must obtain access from the provider and place the files in the raw_data folder. See data_hash_report.csv for the data file location.

Data is proprietary and is not included in the reproducibility package.

Proprietary

https://www.fitchratings.com/products#fitch-ratings-pro-platform

Fitch Solutions. (2025). Fitch Connect [dataset]. https://www.fitchratings.com/products#fitch-ratings-pro-platform. Accessed 2025-12.

Bloomberg Market Data

Filenames: equity_volatility.xlsx; for free float.xlsx; govbonds.xlsx (raw_data folder). Stock price volatility, free float, and 5-year government bond bid-ask spread (SCOBBG01-SCOBBG03). Bloomberg Terminal. Accessed Apr and Sep 2026. Users must obtain access from the provider and place the files in the raw_data folder. See data_hash_report.csv for the data file location.

Data is proprietary and is not included in the reproducibility package.

Proprietary

https://professional.bloomberg.com/products/bloomberg-terminal/

Bloomberg L.P. (2026). Bloomberg Market Data [dataset]. https://professional.bloomberg.com/products/bloomberg-terminal/. Accessed 2026-09.

PitchBook Private Equity and Venture Capital

Filenames: eqpitch_data.xlsx; vcpitch_data.xlsx (raw_data folder). Private equity and venture capital investment and company counts (SCOPIT01-SCOPIT04). Private subscription through the World Bank Library. Accessed Apr. and Jul. 2026. Users must obtain access from the provider and place the files in the raw_data folder. See data_hash_report.csv for the data file location.

Data is proprietary and is not included in the reproducibility package.

Proprietary

https://pitchbook.com/

PitchBook. (2026). PitchBook Platform [dataset]. https://pitchbook.com/. Accessed 2026-07.

Non-Bank Financial Institution (NBFI) Assets Data

Filenames: insurance_assets_update.xlsx; Pensions update.xlsx; mutual_funds_update.xlsx (all in the raw_data folder). Variables: Insurance, pension fund, and mutual fund assets to GDP (SCONBF01-SCONBF03). Sources: Compiled from FinStats, AXCO, OECD, ECB, FIAP, AIOS, ICI, and national sources. Some sources are private subscriptions, so users must obtain access from the provider and place the files in the raw_data folder. See data_hash_report.csv for the data file location. The dataset was compiled by the authors from multiple licensed datasets that do not allow redistribution. A full list of the variables included and their specific sources is provided in the README. If you have questions about the dataset, please contact one of the authors at: dsourrouille@worldbankgroup.org.

Data is proprietary and is not included in the reproducibility package.

Proprietary

Author's compilation. (2026). Non-Bank Financial Institution (NBFI) Assets Data [dataset]. Based on AXCO, OECD, ECB, FIAP, AIOS, ICI, and national sources. Accessed 2026.