Financial Market Regulation and Reforms in Emerging Markets

The global financial crisis that began in 2008 highlighted the need for strengthening financial systems in emerging markets and in low-income developing economies. Masahiro Kawai, Eswar Prasad, and their contributors offer a systematic overview of recent developments in-and the latest thinking about-regulatory frameworks in both advanced countries and emerging markets. At the same time, their contributions clearly point out the challenges to improving regulation, markets, and access in developing economies.