Publisher Description

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 offera 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.

Author Biography

Masahiro Kawai is dean of the Asian Development Bank Institute. From 1998 to 2001, he was chief economist for the World Bank's East Asia and the Pacific Region, and he later was a professor at the University of Tokyo. Eswar S. Prasad holds the New Century Chair in International Economics at the Brookings Institution and is also the Tolani Senior Professor of Trade Policy at Cornell University and a research associate at the National Bureau of Economic Research.

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