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Regulatory Failure in Emerging Markets

UTS Working Paper No. 118

19 Pages Posted: 2 Feb 2006  

Carolyn V. Currie

University of Technology, Sydney - School of Finance and Economics

Multiple version iconThere are 2 versions of this paper

Date Written: May 2002

Abstract

Systemic failure in Asian markets has been analysed and attempts made to correct future occurences by changes to the regulatory models governing those markets. However many of those markets still have not initiated necessary public sector reforms to ensure good governance, financial Stability and market based accounting systems. Hence policies which appear rational from a macroeconomic viewpoint may not be sufficient. Also questions can be raised as to the neccesity of some of the IMF programmes. Indonesia is used as a case study to illustrate the case for a new blueprint for recovery that does not rely on traditional methods that can be at times be totally counterproductive to the original goals.

Keywords: emerging markets, regulatory failure, rescue programmes

Suggested Citation

Currie, Carolyn V., Regulatory Failure in Emerging Markets (May 2002). UTS Working Paper No. 118. Available at SSRN: https://ssrn.com/abstract=880005 or http://dx.doi.org/10.2139/ssrn.880005

Carolyn V. Currie (Contact Author)

University of Technology, Sydney - School of Finance and Economics ( email )

Haymarket
Sydney, NSW 2007
Australia

HOME PAGE: http://datasearch.uts.edu.au/business/finance/staff/StaffDetails.cfm?UnitStaffId=98

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