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Promoting Global Financial Development: Vive La Difference!

Milken Institute Working Paper

32 Pages Posted: 7 Nov 2001  

Susanne Trimbath

STP Advisory Services, LLC; Creighton University, Department of Finance and Economics; Bellevue University - College of Business

Date Written: November 2001

Abstract

This paper is based on the author's comments before the Group of 15 (G15) Conference "Cooperation among G15 Stock Market Exchanges - G15 Capital Markets: Challenges & Opportunities in the New World". The conference was hosted by the Ministry of Foreign Affairs in Egypt, and sponsored and organized by the Cairo & Alexandria Stock Exchanges. Dr. Trimbath addressed the topic of "Financial Crisis Management and Prevention Mechanisms" for banks and stock exchanges. The conference took place March 25 - 26, 2001 at the Semiramis Intercontinental Hotel, Cairo, Egypt.

Regulators and policy makers are coming to realize what capital market participants have known for a long time: When it comes to developing the financial institutions that provide the infrastructure for robust capital markets, there is no "one size fits all". This article provides a review of recent developments in economic and finance studies on the link between financial markets and economic growth. Significant advances in the development of stock exchange safety and infrastructure in G15 countries are included throughout the discussion by way of example. The focus on stock exchange development is highlighted by a discussion of new research on capital market integration.

Keywords: Financial Markets Regulation, Financial Institutions and Services, Development Planning and Policy, Capitalist Systems, Financial Architecture

JEL Classification: G18, G21, G24, G28, O21, P11

Suggested Citation

Trimbath, Susanne, Promoting Global Financial Development: Vive La Difference! (November 2001). Milken Institute Working Paper. Available at SSRN: https://ssrn.com/abstract=289426 or http://dx.doi.org/10.2139/ssrn.289426

Susanne Trimbath (Contact Author)

STP Advisory Services, LLC ( email )

PO Box 1252
Bellevue, NE 68005
United States
4029328888 (Phone)

HOME PAGE: http://www.STPAdvisors.com

Creighton University, Department of Finance and Economics ( email )

United States

Bellevue University - College of Business ( email )

United States

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