Financial Sector Regulation and Reforms inEmerging Markets: An Overview

This paper provides an overview of the complex conceptual and practical challenges thatemerging market economies face as they attempt to reform their frameworks for financialregulation. These economies are striving to balance the quest for financial stability with theimperatives of financial development and broader financial inclusion. I argue that theseobjectives can in fact reinforce one another. I also discuss aspects of macroeconomicpolicies and cross-border regulation that have implications for financial stability and theresilience of the financial sector in emerging markets....