Financial Policies

Frederic S. Mishkin, Andrew Crockett, Michael P. Dooley and Montek S. Ahluwalia

in Economic and Financial Crises in Emerging Market Economies

Published by University of Chicago Press

Published in print February 2003 | ISBN: 9780226241098
Published online February 2013 | e-ISBN: 9780226241104 | DOI:
Financial Policies

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This chapter examines whether there are financial policies that can prevent financial crises in emerging market countries. It proposes a framework for understanding what a financial crisis is in emerging market countries and the dynamic process through which these crises occur, and uses this framework to determine particular financial policies may help to prevent financial crises. This chapter analyzes two basic areas of financial reform including prudential supervision, capital controls, market-based discipline.

Keywords: financial policies; financial crises; emerging market countries; financial reform; prudential supervision; capital controls; market-based discipline

Chapter.  28330 words. 

Subjects: International Economics

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