Financial Sector Regulation and Reforms in Emerging Markets: An Overview
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 that these objectives can in fact reinforce one another. I also discuss aspects of macroeconomic policies and cross-border regulation that have implications for financial stability and the resilience of the financial sector in emerging markets.
|Date of creation:||Oct 2010|
|Date of revision:|
|Publication status:||published as “Financial Sector Regulation and Reforms in Emerging Markets: An Overview,” in Financial Sector Reforms in Emerging Markets , edited by Masahiro Kawai and Eswar Prasad, Brookings Institution Press, 2011. NBER Working Paper No. 16428 .|
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- Mark Aguiar & Gita Gopinath, 2004.
"Emerging market business cycles: the cycle is the trend,"
04-4, Federal Reserve Bank of Boston.
- Mark Aguiar & Gita Gopinath, 2007. "Emerging Market Business Cycles: The Cycle Is the Trend," Journal of Political Economy, University of Chicago Press, vol. 115, pages 69-102.
- Mark Aguiar & Gita Gopinath, 2004. "Emerging Market Business Cycles: The Cycle is the Trend," NBER Working Papers 10734, National Bureau of Economic Research, Inc.
- Eswar S. Prasad, 2009.
"Rebalancing Growth in Asia,"
NBER Working Papers
15169, National Bureau of Economic Research, Inc.
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