Financial Stability Issues in Emerging Market and Developing Economies
The focus of the paper is on five key financial stability issues in Emerging market and developing economies (EMDEs), which have been selected on the basis of their degree of materiality for a reasonably broad range of EMDEs; their implications for...
| Main Authors: | , , |
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| Format: | Working Paper |
| Language: | English en_US |
| Published: |
World Bank, Washington, DC
2017
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/692381468339600490/Financial-stability-issues-in-emerging-market-and-developing-economies http://hdl.handle.net/10986/27274 |
| Summary: | The focus of the paper is on five key
financial stability issues in Emerging market and developing
economies (EMDEs), which have been selected on the basis of
their degree of materiality for a reasonably broad range of
EMDEs; their implications for regulatory, supervisory or
other financial sector policies; and the extent to which
these issues are not already being addressed by other
international work streams. The paper does not cover other
financial stability issues that may also be relevant for
EMDEs but are addressed in other G20/Financial Stability
Board (FSB) work streams. Such issues include the management
of sizeable and volatile capital flows; the design of policy
measures to address the risks arising from systemically
important financial institutions; the development of
macro-prudential policy frameworks; the creation of
effective resolution tools and regimes for financial
institutions; strengthening the oversight and regulation of
the shadow banking system; and reforming the functioning of
over-the-counter derivatives and commodities markets. This
paper focuses on five key financial stability issues in
EMDEs: 1) application of international financial standards;
2) promoting cross-border supervisory cooperation; 3)
expanding the regulatory and supervisory perimeter; 4)
management of foreign exchange risks; and 5) developing
domestic capital markets. |
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