Rethinking Financial Deepening
  • Author : Ms.Ratna Sahay
  • Release Date : 04 May 2015
  • Publisher : International Monetary Fund
  • Genre : Business & Economics
  • Pages : 41
  • ISBN 13 : 9781498312615

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Book Description: 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 large for most emerging markets, but there are limits on size and speed. When financial deepening outpaces the strength of the supervisory framework, it leads to excessive risk taking and instability. Encouragingly, the set of regulatory reforms that promote financial depth is essentially the same as those that contribute to greater stability. Better regulation—not necessarily more regulation—thus leads to greater possibilities both for development and stability.

Rethinking Financial Deepening

Rethinking Financial Deepening

Author : Ms.Ratna Sahay,Martin Cihak,Mr.Papa M N'Diaye,Mr.Adolfo Barajas,Ms.Diana B Ayala Pena,Ran Bi,MissYuan Gao,Ms.Annette J 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 ...

Rethinking Financial Deepening

Rethinking Financial Deepening

Author : Ratna Sahay
Publisher : Unknown
Genre : Economic development
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"Financial development increases a country's resilience and boosts economic growth. It mobilizes savings, promotes information sharing, improves resource allocation, and facilitates diversification and management of risk. It also promotes financial stability to the extent that deep and liquid financial systems with diverse instruments help dampen the impact of shocks. But ...

Rethinking Financial Deepening

Rethinking Financial Deepening

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 ...

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