34 Pages Posted: 18 Oct 2010
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: emerging markets, financial development, financial regulation, financial inclusion
JEL Classification: G1, G2, E58, F36
Suggested Citation: Suggested Citation
Prasad, Eswar S., Financial Sector Regulation and Reforms in Emerging Markets: An Overview. IZA Discussion Paper No. 5233. Available at SSRN: https://ssrn.com/abstract=1693330