Financial Sector Regulation and Reforms in Emerging Markets: An Overview

Eswar Prasad

No 5233, IZA Discussion Papers from Institute of Labor Economics (IZA)

Abstract: 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.

Keywords: financial inclusion; financial regulation; financial development; emerging markets (search for similar items in EconPapers)
JEL-codes: E58 F36 G1 G2 (search for similar items in EconPapers)
Pages: 34 pages
Date: 2010-10
New Economics Papers: this item is included in nep-fmk and nep-reg
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (30)

Published - published in: Masahiro Kawai and Eswar Prasad (eds.), Financial Sector Reforms and Regulation in Emerging Markets, Washington, DC: Brookings Institution Press, 2011, 3-24

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Working Paper: Financial Sector Regulation and Reforms in Emerging Markets: An Overview (2010)
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