NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Financial Sector Regulation and Reforms in Emerging Markets: An Overview

Eswar S. Prasad

NBER Working Paper No. 16428
Issued in October 2010
NBER Program(s):   IFM

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.

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Document Object Identifier (DOI): 10.3386/w16428

Published: “Financial Sector Regulation and Reforms in Emerging Markets: An Overview,” in Financial Sector Reforms in Emerging Markets , edited by Masahiro Kawai and Eswar Prasad, Brookings Institution Press, 2011. NBER Working Paper No. 16428 .

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