Financial Sector Regulation and Reforms in Emerging Markets: An Overview

Cornell University, Brookings Institution and NBER

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Date Published 2010
Primary Author Eswar S. Prasad
Other Authors
Theme Regulation and Supervision of Housing Finance Systems


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.

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