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| Author: | Moskow, M. |
| Title: | Symposium Keynote Address: Financial Infrastructure in Emerging Economies |
| Journal: | Journal of Financial Intermediation
2002 : OCT, VOL. 11:4, p. 354-361 |
| Index terms: | FINANCE INFRASTRUCTURES EMERGING MARKETS ANALYTICAL REVIEW |
| Language: | eng |
| Abstract: | The theme of this conference, financial intermediation in emerging markets, is a crucial public policy issue in the current global environment. Recent events, especially the financial turmoil in fall 1998, show that in a world of global financial linkages, the stability of the financial system can be compromised by financial crises in emerging and transition economies. Academic research on how best to strengthen financial institutions in these emerging economies can therefore promote stability in countries with developed financial markets as well. Financial infrastructure is intimately tied to financial stability and economic growth. So an important question is: "What are the essential elements of financial infrastructure that are needed to facilitate economic performance in emerging and transition economies". |
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