Developing Countries and the Globalization of Financial Markets

Journal Issue

Volume/Issue:: 1998/105
Series:: IMF Working Papers
Author(s):: Malcolm Knight
Publisher:: INTERNATIONAL MONETARY FUND
Published Date:: July 1998
DOI:: http://dx.doi.org/10.5089/9781451852790.001
ISBN:: 9781451852790
ISSN:: 1018-5941
Page:: 34

This paper analyzes the impact of the globalization of financial markets on developing and transition economies. Differences between the responses of competitive and imperfectly competitive banking sectors cause them to affect economic activity differently. While nonbank financial markets and institutions can help to increase the competitiveness of banking sectors, there are “gaps” in the institutions and market structures of developing and transition economies. Eliminating these gaps may reinforce financial market discipline in these countries. Some current international initiatives are outlined for enhancing financial system soundness; these emphasize the complementary roles of market discipline and official oversight in an environment of globalized markets.

Developing Countries and the Globalization of Financial Markets

Developing Countries and the Globalization of Financial Markets

Article

Developing Countries and the Globalization of Financial Markets

Author(s):: Malcolm Knight
Published Date:: July 1998

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Developing Countries and the Globalization of Financial Markets

Developing Countries and the Globalization of Financial Markets

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