Regulatory Failure in Emerging Markets

UTS School of Finance and Economics Working Paper No. 135

35 Pages Posted: 20 Jan 2006

See all articles by Carolyn V. Currie

Carolyn V. Currie

University of Technology, Sydney - School of Finance and Economics

Multiple version iconThere are 2 versions of this paper

Date Written: May 2004

Abstract

Systemic failure in Asian markets has bee analysed and attempts made to correct future occurrences 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 essential for required privatisations. Reasons for this may lie in the stage of development of the underlying political and social systems. Hence policy makers when choosing rational macroeconomic measures need to recognise the dependencies of different systems. Also questions can be raised as to the necessity 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 totally counterproductive to the original goals.

JEL Classification: E6, K2, F4

Suggested Citation

Currie, Carolyn V., Regulatory Failure in Emerging Markets (May 2004). UTS School of Finance and Economics Working Paper No. 135, Available at SSRN: https://ssrn.com/abstract=877041 or http://dx.doi.org/10.2139/ssrn.877041

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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