Open Doors: Foreign Participation in Financial Systems in Developing Countries

Brookings Institution Press
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The extensive reforms and liberalization of financial services in emerging markets worldwide call for cutting-edge strategies to capture the benefits of new investment opportunities. In Open Doors, a volume of papers from the third annual Financial Markets and Development conference, multidisciplinary financial sector experts analyze current economic and political trends and prescribe practical advice to the financial development community. The book addresses the key issues of concern regarding the emerging markets, including the trends, motivations, and scope of FDI in finance; policy options that will best capture the opportunities of foreign entry; and the role of foreign institutions in e-finance innovation. The authors focus on specific topics such as foreign participation in emerging market banking systems and securities industries, WTO policies and enforcement, the role of foreign banks, liberalization of insurance markets, the need for capital markets, and the policy, regulatory, and legal issues associated with e-finance. For policymakers and financial practitioners affected by the WTO's Financial Services Agreement, this timely book should be of particular interest. Contributors include Donald Mathieson (International Money Fund), Pierre Sauvé (Trade Directorate, OECD), George J. Vojta (formerly with Bankers Trust and Citibank), Harold D. Skipper (J. Mack Robinson College of Business, Georgia State University), Benn Steil (Council on Foreign Relations), Morris Goldstein and Edward M. Graham (Institute for International Economics), Nicolas Lardy (Brookings Institution), Phillip Turner (Bank of International Settlements), and Robert Ledig (Fried, Frank, Shriver & Jacobson).
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About the author

Robert E. Litan is a senior fellow in Economic Studies at Brookings and vice president for research and policy at the Kauffman Foundation. Paul R. Masson is a nonresident senior fellow at the Brookings Institution, and research fellow and adjunct professor at the University of Toronto. Recently retired from the International Monetary Fund, he has published widely in international finance. Michael Pomerleano is lead financial specialist in the Financial Sector Operations and Policy Department of the World Bank.

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Additional Information

Publisher
Brookings Institution Press
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Published on
May 13, 2004
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Pages
500
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ISBN
9780815798132
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Best For
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Language
English
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Genres
Business & Economics / Development / Economic Development
Political Science / International Relations / General
Social Science / Developing & Emerging Countries
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Content Protection
This content is DRM protected.
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