
Financial Market Regulation and Reforms in Emerging Markets |
Book Category:
Business & Economics > General
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Editor::
Masahiro Kawai and Eswar S. Prasad
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Binding:
Paperback
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ISBN 10:
0815704895
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ISBN 13:
9780815704898
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Price:
USD 34.95
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Publication Year:
2011
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Publisher Info
Brookings Institution Press. InquiryThe global financial crisis that began in 2008 highlighted the need for strengthening financial systems in emerging markets and in low-income developing economies. The contributors to this volume outline these and other pressing issues in this insightful book. Emerging markets face particular challenges in stabilizing their nascent financial systems in the face of shocks, both domestic and external, and financial reforms are critical to these economies as they pursue programs of sustainable high growth. Low-income countries, where the breadth of formal financial systems is severely limited, pose even greater problems. The editors 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. At the same time, their contributions clearly point out the challenges to improving regulation, markets, and access in developing economies.
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