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.