This paper seeks to add to the current debate about financial development and growth in the emerging world by looking … it may be more fruitful for today’s emerging world to concentrate more on addressing the needs of savers and borrowers … in each individual system. A major lesson for the emerging world from past financial development is that there are risks …

This paper seeks to add to the current debate about financial development and growth in the emerging world by looking … it may be more fruitful for today’s emerging world to concentrate more on addressing the needs of savers and borrowers … in each individual system. A major lesson for the emerging world from past financial development is that there are risks …

This paper seeks to add to the current debate about financial development and growth in the emerging world by looking … it may be more fruitful for today’s emerging world to concentrate more on addressing the needs of savers and borrowers … in each individual system. A major lesson for the emerging world from past financial development is that there are risks …

This paper seeks to add to the current debate about financial development and growth in the emerging world by looking … may be more fruitful for todays emerging world to concentrate more on addressing the needs of savers and borrowers in each … individual system. A major lesson for the emerging world from past financial development is that there are risks involved in …

in New York? In the last monththe whole world watched the American financial crisis unfolding day-by-dayRipples from the …

The failure to spot emerging systemic risk and prevent the current global financial crisis warrants a reexamination of …

to systematic risk and tend to show higher tail risk. These characteristics, in turn, are closely associated with joint … failures and systemic risk. In order to achieve greater stability of the financial system, it is important to prevent the …