With the growth of financial markets outpacing the development of financial market regulations, Azis and Shin note burgeoning complexity in the world of finance with a resultant higher
frequency of financial crises. As financial innovation and securitization become more popular, interconnectedness in the financial system is at its height, both for intra- and extra-sovereign
jurisdictions. This volume examines what this means for Asia’s financial sector, its stability, and the implications for the region’s financial regulation. It describes the challenges faced by
policymakers and regulators who are trying to strike a balance between financial development and stability and between maximizing benefits and minimizing risks of financial liberalization.
Eighteen chapters are divided into five parts: overview and summary; macro-prudential supervisory system and development impact; issues and challenges on the legal and institutional framework
for emerging Asia; financial integration and cooperation to support financial stability; financial supervision and development challenges in Asia. Annotation ©2016 Ringgold, Inc., Portland, OR
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