Financial Sector Regulation and Reforms in Emerging Markets: An Overview

By Eswar S. Prasad. Social Science Research Network, 2010

113 citations recorded by the source corpus.

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.

Subfields: Finance

View Paper: https://www.semanticscholar.org/paper/3240bb917d4359195f17705f598176e1e4498df3

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Citations in the corpus

Financial Development and Economic Growth in Developing Asia (2010, background): “As Prasad (2010) points out, regulatory challenges facing emerging markets are more about risks of having underdeveloped financial systems rather than risks from sophisticated financial innovations.”
The Impact of Financial Inclusion on Economic Growth, Poverty, Income Inequality, and Financial Stability in Asia (2020, background): “This finding supports the study from Hannig and Jansen (2010); Prasad (2010); Aduda and Kulanda (2012); Morgan and Pontines (2014); Dienillah and Anggraeni (2016), and Neaime and Gaysse (2018) who stated that financial inclusion significantly influences financial stability.”
Impact of digital finance on financial inclusion and stability (2018, background): “Additionally, Prasad (2010) also observes that the lack of adequate access to credit for small and medium-size enterprises and small-scale entrepreneurs has adverse effects on overall employment growth since these enterprises tend to be much more labour-intensive in their operations. Also, greater l”
Financial Stability and Financial Inclusion (2014, background): “Prasad (2010) also observes that lack of adequate access to credit for small and medium-size enterprises and small-scale entrepreneurs has adverse effects on overall employment growth since these enterprises tend to be much more labor intensive in their operations.”
Does unconventional monetary policy affect inequality? Evidence from Japan (2014, background): “Moreover, widening inequality can be associated with greater financial instability (Vandemoortele, 2009; Prasad, 2010; Skott, 2013).”
The Nexus of financial inclusion and financial stability : a study of trade-offs and synergies (2016, background): “Prasad (2010) posits that higher financial inclusion in savings enhances the financing of domestic investments by decreasing reliance on foreign financing, thus leading to greater stability.”
Is financial inclusion good for bank stability? International evidence (2017, background): “As the nature of SMEs business operations is labour intensive, Prasad (2010) observes that financial constraint to SMEs has adverse effects on employment growth.”