Rethinking Financial Deepening
Download book entitled Rethinking Financial Deepening written by Ms.Ratna Sahay and published by International Monetary Fund. This book was released on 04 May 2015 with total pages 41. Available in PDF, EPUB and Kindle. Click GET THIS BOOK Button and find your favorite books in the library. Create free account to access unlimited books, fast download and ads free!
- 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.