Rethinking Financial Deepening : Stability and Growth in Emerging Markets /

The global financial crisis experience shone a spotlight on the dangers of financial systems that have grown too big too fast. This note reexamines financial deepening, focusing on what emerging markets can learn from the advanced economy experience. It finds that gains for growth and stability from...

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Xehetasun bibliografikoak
Egile nagusia: Sahay, Ratna
Beste egile batzuk: Barajas, Adolfo, Cihak, Martin, N'Diaye, Papa
Formatua: Aldizkaria
Hizkuntza:English
Argitaratua: Washington, D.C. : International Monetary Fund, 2015.
Saila:Staff Discussion Notes; Staff Discussion Notes ; No. 2015/008
Sarrera elektronikoa:Full text available on IMF
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100 1 |a Sahay, Ratna. 
245 1 0 |a Rethinking Financial Deepening :   |b Stability and Growth in Emerging Markets /  |c Ratna Sahay, Martin Cihak, Papa N'Diaye, Adolfo Barajas. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2015. 
300 |a 1 online resource (41 pages) 
490 1 |a Staff Discussion Notes 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a The global financial crisis experience shone a spotlight on the dangers of financial systems that have grown too big too fast. This note reexamines financial deepening, focusing on what emerging markets can learn from the advanced economy experience. It finds that gains for growth and stability from financial deepening remain large for most emerging markets, but there are limits on size and speed. When financial deepening outpaces the strength of the supervisory framework, it leads to excessive risk taking and instability. Encouragingly, the set of regulatory reforms that promote financial depth is essentially the same as those that contribute to greater stability. Better regulation-not necessarily more regulation-thus leads to greater possibilities both for development and stability. 
538 |a Mode of access: Internet 
700 1 |a Barajas, Adolfo. 
700 1 |a Cihak, Martin. 
700 1 |a N'Diaye, Papa. 
830 0 |a Staff Discussion Notes; Staff Discussion Notes ;  |v No. 2015/008 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/006/2015/008/006.2015.issue-008-en.xml  |z IMF e-Library