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Domestic Financial Regulations in Developing Countries

Can they Effectively Limit the Impact of Capital Account Volatility? - Working Paper #36

Liliana Rojas-Suarez

Paper  288kb pdf

The view taken in this paper  is that in order to provide advice to developing countries on how to improve regulation and supervision of financial markets, it is first necessary to answer (1) whether commonly used regulatory tools have been effective in reducing the adverse effects of capital flow volatility on domestic financial markets; (2) whether appropriate regulatory and supervisory tools in developing countries need to be different from those that work in industrial countries and even differ between developing countries at different degrees of financial sector development.

About the Author

Liliana Rojas-Suarez
Senior Fellow
Center for Global Development

Publication Information

Type Working Paper
Program Capital Market Liberalization
Posted 06/03/03
Download 288kb pdf
# Pages 32