Asian Financial System: Development and Challenges

Publication | November 2011

This paper examines key development agenda of the Asian financial systems in the face of rapidly changing global financial landscape to shed light on challenges facing the region’s policy makers.

A well-functioning financial system has an important role to play in promoting economic growth and reducing poverty. The 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.


  • 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

Additional Details

  • Economics
  • Finance sector development
  • WPS124250
  • 1655-5252 (Print)

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