In this Book

Financial Market Regulation and Reforms in Emerging Markets
buy this book Buy This Book in Print
summary

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.

Table of Contents

  1. Cover
  2. restricted access Download |
  1. Title Page
  2. p. iii
  3. restricted access Download |
  1. Copyright
  2. pp. iv-5
  3. restricted access Download |
  1. Contents
  2. pp. v-vi
  3. restricted access Download |
  1. Introduction
  2. pp. vii-xiii
  3. restricted access Download |
  1. Part I: Overview
  2. p. 1
  1. 1. Financial Sector Regulation and Reforms in Emerging Markets: An Overview
  2. pp. 3-24
  3. restricted access Download |
  1. Part II: New Perspectives on Financial Regulation
  2. p. 25
  1. 2. Market Failures and Regulatory Failures: Lessons from Past and Present Financial Crises
  2. pp. 27-74
  3. restricted access Download |
  1. 3. Evaluating the U.S. Plans for Financial Regulatory Reform
  2. pp. 75-102
  3. restricted access Download |
  1. Part III: Regulatory Frameworks for Emerging Markets
  2. p. 103
  1. 4. Emerging Contours of Financial Regulation: Challenges and Dynamics
  2. pp. 105-137
  3. restricted access Download |
  1. 5. What Regulatory Policies Work for Emerging Markets?
  2. pp. 138-157
  3. restricted access Download |
  1. 6. Banking Supervision in Indonesia
  2. pp. 158-168
  3. restricted access Download |
  1. Part IV: Financial Market Development and Stability
  2. p. 169
  1. 7. Who Should Regulate Systemic Stability Risk? The Relevance for Asia
  2. pp. 171-202
  3. restricted access Download |
  1. 8. Financial Development: A Broader Perspective
  2. pp. 203-225
  3. restricted access Download |
  1. 9. Financial Development in Emerging Markets: The Indian Experience
  2. pp. 226-262
  3. restricted access Download |
  1. Part V: Improving Financial Access in Emerging Markets
  2. p. 263
  1. 10. Universalizing Complete Access to Finance: Key Conceptual Issues
  2. pp. 265-283
  3. restricted access Download |
  1. 11. Financial Inclusion and Financial Stability: Current Policy Issues
  2. pp. 284-318
  3. restricted access Download |
  1. Part VI: Cross-Border Regulation
  2. p. 319
  1. 12. Cross-Border Regulation after the Global Financial Crisis
  2. pp. 321-364
  3. restricted access Download |
  1. 13. Addressing Private Sector Currency Mismatches in Emerging Europe
  2. pp. 365-405
  3. restricted access Download |
  1. Contributors
  2. pp. 407-408
  3. restricted access Download |
  1. Index
  2. pp. 409-423
  3. restricted access Download |
Back To Top

This website uses cookies to ensure you get the best experience on our website. Without cookies your experience may not be seamless.