Financial Sector Regulation and Reforms in Emerging Markets: An Overview

33 Pages Posted: 12 Oct 2010 Last revised: 22 May 2023

See all articles by Eswar S. Prasad

Eswar S. Prasad

Cornell University - Dyson School of Applied Economics and Management; Cornell University - Department of Economics; Brookings Institution; NBER; IZA Institute of Labor Economics

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Date Written: October 2010

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.

Suggested Citation

Prasad, Eswar S., Financial Sector Regulation and Reforms in Emerging Markets: An Overview (October 2010). NBER Working Paper No. w16428, Available at SSRN: https://ssrn.com/abstract=1689320

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