Hidden Bibliographic Details
| Other authors / contributors: | International Monetary Fund. Monetary and Capital Markets Department.
International Monetary Fund. Strategy and Policy Review Department.
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| ISBN: | 1498312616
9781498312615
1484347552
1475569955
9781475569957
1475570198
9781475570199
9781484347553
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| Notes: | "May 2015."
Description based upon online resource; title from PDF title page (viewed Oct 4th, 2022).
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| Summary: | "Financial development increases a country's resilience and boosts economic growth. It mobilizes savings, promotes information sharing, improves resource allocation, and facilitates diversification and management of risk. It also promotes financial stability to the extent that deep and liquid financial systems with diverse instruments help dampen the impact of shocks. But is there a point beyond which the benefits of financial development begin to decline and costs start to rise, and have emerging markets (EMs) reached these limits? This paper takes stock of where EMs are on the stability-growth tradeoff that financial development entails, and considers whether there is further scope for financial development, and how EMs can secure a safe process of financial development."--Executive summary.
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| Other form: | Print version:Print Version: 9781498312615
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| Standard no.: | 10.5089/9781498312615.006
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