Rethinking Financial Deepening

Rethinking Financial Deepening
Title Rethinking Financial Deepening PDF eBook
Author Ms.Ratna Sahay
Publisher International Monetary Fund
Pages 41
Release 2015-05-04
Genre Business & Economics
ISBN 1498312616

Download Rethinking Financial Deepening Book in PDF, Epub and Kindle

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.

Rethinking Financial Deepening

Rethinking Financial Deepening
Title Rethinking Financial Deepening PDF eBook
Author Ms.Ratna Sahay
Publisher International Monetary Fund
Pages 41
Release 2015-05-04
Genre Business & Economics
ISBN 1475570198

Download Rethinking Financial Deepening Book in PDF, Epub and Kindle

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.

Global Financial Development Report 2013

Global Financial Development Report 2013
Title Global Financial Development Report 2013 PDF eBook
Author World Bank
Publisher World Bank Publications
Pages 220
Release 2012-09-01
Genre Business & Economics
ISBN 0821395041

Download Global Financial Development Report 2013 Book in PDF, Epub and Kindle

This new annual publication from the World Bank Group provides an overview and assessment of financial sector development around the world, with particular attention on medium- and low-income countries.

The Money Problem

The Money Problem
Title The Money Problem PDF eBook
Author Morgan Ricks
Publisher University of Chicago Press
Pages 360
Release 2016-03-09
Genre Business & Economics
ISBN 022633046X

Download The Money Problem Book in PDF, Epub and Kindle

An “intriguing plan” addressing shadow banking, regulation, and the continuing quest for financial stability (Financial Times). Years have passed since the world experienced one of the worst financial crises in history, and while countless experts have analyzed it, many central questions remain unanswered. Should money creation be considered a “public” or “private” activity—or both? What do we mean by, and want from, financial stability? What role should regulation play? How would we design our monetary institutions if we could start from scratch? In The Money Problem, Morgan Ricks addresses these questions and more, offering a practical yet elegant blueprint for a modernized system of money and banking—one that, crucially, can be accomplished through incremental changes to the United States’ current system. He brings a critical, missing dimension to the ongoing debates over financial stability policy, arguing that the issue is primarily one of monetary system design. The Money Problem offers a way to mitigate the risk of catastrophic panic in the future, and it will expand the financial reform conversation in the United States and abroad. “Highly recommended.” —Choice

Finance at the Threshold

Finance at the Threshold
Title Finance at the Threshold PDF eBook
Author Christopher Houghton Budd
Publisher CRC Press
Pages 258
Release 2016-04-15
Genre Business & Economics
ISBN 1317135199

Download Finance at the Threshold Book in PDF, Epub and Kindle

Every banking crisis, whatever its particular circumstances, has two features in common with every previous one. Each has been preceded by a period of excessive monetary ease, and by ill thought out regulatory changes. For many the recent hiatus in inter-bank lending has been seen as a blip - enormous in size and global in scope, but, nonetheless, a blip. Finance at the Threshold offers a unique perspective from an English economic and monetary historian. In it the author asks: Why did the banks stop lending to one another, and why now? Was it merely a matter of over-loose credit due to the relaxation of traditional prudence, or did global finance find itself at its limits? Have government bail-outs saved the day or merely postponed the problem? Christopher Houghton Budd offers a radical view of the global financial crisis, spanning a wide gamut of current thinking. He argues that we need, above all, to overcome the left-right divide so much taken for granted today, and promote financial literacy to young people. His contribution to the Transformation and Innovation Series claims that global finance has brought us to the limits of what mechanistic economic explanations can capture. New ideas and above all new instruments are needed so that innovation can shift from its dexterous exploitation of inefficiencies and turn its attention instead to fresh initiative. Finance at the Threshold is essential reading for academics and practitioners concerned with financial and economic policy and needing to develop a sense of the history thus understanding the forward prospects for global finance.

Effects of Financial Globalization on Developing Countries

Effects of Financial Globalization on Developing Countries
Title Effects of Financial Globalization on Developing Countries PDF eBook
Author Mr.Ayhan Kose
Publisher International Monetary Fund
Pages 68
Release 2003-09-03
Genre Business & Economics
ISBN 9781589062214

Download Effects of Financial Globalization on Developing Countries Book in PDF, Epub and Kindle

This study provides a candid, systematic, and critical review of recent evidence on this complex subject. Based on a review of the literature and some new empirical evidence, it finds that (1) in spite of an apparently strong theoretical presumption, it is difficult to detect a strong and robust causal relationship between financial integration and economic growth; (2) contrary to theoretical predictions, financial integration appears to be associated with increases in consumption volatility (both in absolute terms and relative to income volatility) in many developing countries; and (3) there appear to be threshold effects in both of these relationships, which may be related to absorptive capacity. Some recent evidence suggests that sound macroeconomic frameworks and, in particular, good governance are both quantitatively and qualitatively important in affecting developing countries’ experiences with financial globalization.

Global Financial Development Report 2014

Global Financial Development Report 2014
Title Global Financial Development Report 2014 PDF eBook
Author World Bank Group
Publisher World Bank Publications
Pages 226
Release 2013-11-07
Genre Business & Economics
ISBN 0821399853

Download Global Financial Development Report 2014 Book in PDF, Epub and Kindle

The second issue in a new series, Global Financial Development Report 2014 takes a step back and re-examines financial inclusion from the perspective of new global datasets and new evidence. It builds on a critical mass of new research and operational work produced by World Bank Group staff as well as outside researchers and contributors.