Asian Financial System: Development and Challenges

Date: November 2011
Type: Papers and Briefs
Subject:
Series: Economics Working Papers
ISSN: 1655-5252 (print)
Author: Park, Cyn-Young

Description

A well-functioning financial system has an important role to play in promoting economic growth and reducing poverty. This paper explores the key development agenda of Asian financial systems that aims to promote economic growth and development through well-functioning financial markets and, in the process, bolster inclusive growth to support social stability and equity in the region. Pertinent issues in the region's financial sector development include: (i) supporting economic growth and development, (ii) promoting financial inclusion, (iii) balancing regulation and innovation, and (iv) strengthening crisis prevention and management mechanisms.

Contents

  • Abstract
  • Introduction
  • Financial Sector Developments in Asia
  • Financial Sector Development for Balanced and Inclusive Growth
  • Financial Sector Developments for Diversity and Stability
  • Policy Implications
  • References