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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Format: | Elektronisch E-Book |
Sprache: | English |
Veröffentlicht: |
Washington, D.C
International Monetary Fund
2015
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Schriftenreihe: | IMF Staff Discussion Notes
Staff Discussion Notes No. 15/8 |
Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext |
Zusammenfassung: | 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 |
Beschreibung: | 1 Online-Ressource (41 p) |
ISBN: | 1498312616 9781498312615 |
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oclc_num | 1337139908 |
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owner | DE-20 DE-824 DE-70 DE-155 DE-BY-UBR DE-29 DE-22 DE-BY-UBG DE-473 DE-BY-UBG DE-1102 DE-703 DE-859 DE-706 DE-384 DE-860 DE-19 DE-BY-UBM DE-739 DE-355 DE-BY-UBR DE-Aug4 DE-1049 DE-12 DE-91 DE-BY-TUM |
owner_facet | DE-20 DE-824 DE-70 DE-155 DE-BY-UBR DE-29 DE-22 DE-BY-UBG DE-473 DE-BY-UBG DE-1102 DE-703 DE-859 DE-706 DE-384 DE-860 DE-19 DE-BY-UBM DE-739 DE-355 DE-BY-UBR DE-Aug4 DE-1049 DE-12 DE-91 DE-BY-TUM |
physical | 1 Online-Ressource (41 p) |
psigel | ZDB-1-IMF |
publishDate | 2015 |
publishDateSearch | 2015 |
publishDateSort | 2015 |
publisher | International Monetary Fund |
record_format | marc |
series2 | IMF Staff Discussion Notes |
spelling | Sahay, Ratna Verfasser aut Rethinking Financial Deepening Stability and Growth in Emerging Markets Sahay, Ratna Washington, D.C International Monetary Fund 2015 1 Online-Ressource (41 p) txt rdacontent c rdamedia cr rdacarrier IMF Staff Discussion Notes Staff Discussion Notes No. 15/8 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 Online-Ausg Ayala Pena, Diana Sonstige oth Barajas, Adolfo Sonstige oth Bi, Ran Sonstige oth Cihak, Martin Sonstige oth Gao, Yuan Sonstige oth Kyobe, Annette Sonstige oth N'Diaye, Papa Sonstige oth Nguyen, Lam Sonstige oth Saborowski, Christian Sonstige oth Svirydzenka, Katsiaryna Sonstige oth Yousefi, Reza Sonstige oth http://elibrary.imf.org/view/IMF006/22501-9781498312615/22501-9781498312615/22501-9781498312615.xml Verlag URL des Erstveröffentlichers Volltext |
spellingShingle | Sahay, Ratna Rethinking Financial Deepening Stability and Growth in Emerging Markets |
title | Rethinking Financial Deepening Stability and Growth in Emerging Markets |
title_auth | Rethinking Financial Deepening Stability and Growth in Emerging Markets |
title_exact_search | Rethinking Financial Deepening Stability and Growth in Emerging Markets |
title_exact_search_txtP | Rethinking Financial Deepening Stability and Growth in Emerging Markets |
title_full | Rethinking Financial Deepening Stability and Growth in Emerging Markets Sahay, Ratna |
title_fullStr | Rethinking Financial Deepening Stability and Growth in Emerging Markets Sahay, Ratna |
title_full_unstemmed | Rethinking Financial Deepening Stability and Growth in Emerging Markets Sahay, Ratna |
title_short | Rethinking Financial Deepening |
title_sort | rethinking financial deepening stability and growth in emerging markets |
title_sub | Stability and Growth in Emerging Markets |
url | http://elibrary.imf.org/view/IMF006/22501-9781498312615/22501-9781498312615/22501-9781498312615.xml |
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