Summary of Rethinking Financial Deepening

Stability and Growth in Emerging Markets

IMF,

Get the Report

Rethinking Financial Deepening summary
Robust financial development in emerging markets continues apace, but is it moving too far and too fast?

Rating

8 Overall

7 Importance

8 Innovation

8 Style

Recommendation

Generally, the development of a country’s financial system is a positive that helps grow its economy, promote savings and improve fiscal flexibility. But as the 2008 financial crisis illustrated, unfettered growth and lack of supervision can have negative consequences with global impacts. This erudite report from economists and researchers at the International Monetary Fund points out that the costs of financial development for emerging markets might outweigh its benefits. getAbstract recommends this astute analysis to economists, investors and financial professionals.

In this summary, you will learn

  • How financial development (FD) contributes to economic growth
  • How three emerging market countries have managed their FD
  • How developing countries can foster financial development in a responsible manner
 

Summary

Financial development (FD), an important gauge of a country’s economic progress, refers to growth in a broad range of financial institutions, such as banks, pension funds and insurance companies, as well as in capital markets. FD assesses a system’s “depth,” or its market activity and liquidity; the...
Get the key points from this report in less than 10 minutes. Learn more about our products or log in

About the Authors

Ratna Sahay et al. are economists and researchers at the International Monetary Fund.


Comment on this summary

More on this topic

By the same authors

Customers who read this summary also read

More by category