Financial Market Regulation and Reforms in Emerging Markets
  • Author : Masahiro Kawai
  • Release Date : 01 May 2011
  • Publisher : Brookings Institution Press
  • Genre : Business & Economics
  • Pages : 423
  • ISBN 13 : 0815704909

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Book Description: The rapid spread and far-reaching impact of the global financial crisis have highlighted the need for strengthening financial systems in advanced economies and emerging markets. Emerging markets face particular challenges in developing their nascent financial systems and making them resilient to domestic and external shocks. Financial reforms are critical to these economies as they pursue programs of high and sustainable growth. In this timely volume Masahiro Kawai, Eswar Prasad, and their contributors offer a systematic overview of recent developments in—and the latest thinking about—regulatory frameworks in both advanced countries and emerging markets. Their analyses and observations clearly point out the challenges to improving regulation, efficiency of markets, and access to the fi nancial system. Policymakers and financial managers in emerging markets are struggling to learn from the crisis and will need to grapple with some key questions as they restructure and reform their financial markets: • What lessons does the global financial crisis of 2007–09 offer for the establishment of efficient and flexible regulatory structures? • How can policymakers develop broader financial markets while managing the associated risks? • How—or should—they make the formal financial system more accessible to more people? • How might they best contend with multinational financial institutions? This book is an important step in getting a better grasp of these issues and making progress toward solutions that strike a balance between promoting financial market development and efficiency on the one hand, and ensuring financial stability on the other.

Financial Market Regulation and Reforms in Emerging Markets

Financial Market Regulation and Reforms in Emerging Markets

Author : Masahiro Kawai,Eswar S. Prasad
Publisher : Brookings Institution Press
Genre : Business & Economics
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The rapid spread and far-reaching impact of the global financial crisis have highlighted the need for strengthening financial systems in advanced economies and emerging markets. Emerging markets face particular challenges in developing their nascent financial systems and making them resilient to domestic and external shocks. Financial reforms are critical to ...

Financial Market Regulation and Reforms in Emerging Markets

Financial Market Regulation and Reforms in Emerging Markets

Author : Masahiro Kawai,Eswar Prasad
Publisher : Brookings Institution Press
Genre : Business & Economics
Get Book

"In the wake of the global financial crisis that began in 2008, offers a systematic overview of recent developments in regulatory frameworks in advanced and emerging-market countries, outlining challenges to improving regulation, markets, and access in developing economies"--Provided by publisher....

Financial Sector Regulation and Reforms in Emerging Markets

Financial Sector Regulation and Reforms in Emerging Markets

Author : Eswar S. Prasad,National Bureau of Economic Research
Publisher : Unknown
Genre : Economics
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This paper provides an overview of the complex conceptual and practical challenges that emerging market economies face as they attempt to reform their frameworks for financial regulation. These economies are striving to balance the quest for financial stability with the imperatives of financial development and broader financial inclusion. I argue ...

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Publisher : International Monetary Fund
Genre : Business & Economics
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The global financial crisis experience shone a spotlight on the dangers of financial systems that have grown too big too fast. This note reexamines financial deepening, focusing on what emerging markets can learn from the advanced economy experience. It finds that gains for growth and stability from financial deepening remain ...

Asian Perspectives on Financial Sector Reforms and Regulation

Asian Perspectives on Financial Sector Reforms and Regulation

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Publisher : Brookings Institution Press
Genre : Business & Economics
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Although emerging economies as a group performed well during the global recession, weathering the recession better than advanced economies, there were sharp differences among them and across regions. The emerging economies of Asia had the most favorable outcomes, surviving the ravages of the global financial crisis with relatively modest declines ...

China s Emerging Financial Markets

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Publisher : Springer Science & Business Media
Genre : Business & Economics
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China’s emerging financial markets reflect the usual contrast between the country’s measured approach toward policy, regulatory, and market reform, and the dynamic pace of rapid economic growth and development. But they also offer unusual challenges and opportunities. In the past five years, the pace of opening and reform ...

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Publisher : International Monetary Fund
Genre : Business & Economics
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Staff Discussion Notes showcase the latest policy-related analysis and research being developed by individual IMF staff and are published to elicit comment and to further debate. These papers are generally brief and written in nontechnical language, and so are aimed at a broad audience interested in economic policy issues. This ...

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Publisher : Apress
Genre : Business & Economics
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Reinventing Financial Regulation offers an analysis of the fundamental flaws that plague the current system of financial regulation, one built around ideas of "risk-sensitivity" and "capital adequacy." Author Avinash Persaud argues that while some sensible reforms have been introduced, a fresh approach—centered on risk capacity—is required. When the ...

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Publisher : Columbia University Press
Genre : Business & Economics
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The 1944 Bretton Woods conference created new institutions for international economic governance. Though flawed, the system led to a golden age in postwar reconstruction, sustained economic growth, job creation, and postcolonial development. Yet financial liberalization since the 1970s has involved deregulation and globalization, which have exacerbated instability, rather than sustained growth. ...

The Future of Domestic Capital Markets in Developing Countries

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Publisher : Brookings Institution Press
Genre : Business & Economics
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The Future of Domestic Capital Markets in Developing Countries addresses the challenges that countries face as they develop and strengthen capital markets. Based on input from the world's most prominent capital market experts and leading policymakers in developing countries, this volume represents the latest thinking in capital market development. It ...

The Future of Domestic Capital Markets in Developing Countries

The Future of Domestic Capital Markets in Developing Countries

Author : Robert E. Litan,Michael Pomerleano,Vasudevan Sundararajan
Publisher : Brookings Institution Press
Genre : Business & Economics
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The Future of Domestic Capital Markets in Developing Countries addresses the challenges that countries face as they develop and strengthen capital markets. Based on input from the world's most prominent capital market experts and leading policymakers in developing countries, this volume represents the latest thinking in capital market development. It ...

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Publisher : World Bank Publications
Genre : Capital market
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Financial sector development fosters economic growth and reduces poverty by widening and broadening access to finance and allocating society's savings more efficiently. The author first discusses three pillars on which sound and efficient financial systems are built: macroeconomic stability and effective and reliable contractual and informational frameworks. He then describes ...

Rethinking Financial Deepening

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Author : Ms. Ratna Sahay,Martin Cihak,Mr. Papa N'Diaye,Mr. Adolfo Barajas,Ms. Diana Ayala Pena,Ran Bi,Yuan Gao,Annette Kyobe,Lam Nguyen,Christian Saborowski,Katsiaryna Svirydzenka,Mr. Reza Yousefi
Publisher : International Monetary Fund
Genre : Business & Economics
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The global financial crisis experience shone a spotlight on the dangers of financial systems that have grown too big too fast. This note reexamines financial deepening, focusing on what emerging markets can learn from the advanced economy experience. It finds that gains for growth and stability from financial deepening remain ...

Regulation of Securities Markets

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Publisher : World Bank Publications
Genre : Capital de riesgo - Corea
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The trend toward the liberalization of financial markets is part of a general recognition that free markets normally work better than government controls. Regulatory systems should be developed in light of the market failures that make them necessary and should provide the least possible opportunity for rent extraction by any ...