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Fintech has increasingly become part of the global economy with the evolution of technology, increasing investments in fintech firms, and greater integration between traditional incumbent financial firms and fintech. Since the 2007-2009 financial crisis, research has also paid more attention to...
Persistent link: https://www.econbiz.de/10012219547
Sri Lanka has achieved a high level of financial inclusion compared to other South Asian countries. Its financial sector comprises a wide range of financial institutions providing financial services such as loans, savings, pawning, leasing and finance, and remittance and money transfer...
Persistent link: https://www.econbiz.de/10010433496
The recent financial crisis has shown that financial innovation can have devastating systemic impacts. International standard setters' and national regulators' response has been a global concerted effort to overhaul and tighten financial regulations. However, at a time of designing stricter...
Persistent link: https://www.econbiz.de/10008908093
India has an estimated 26,000 startups, making it the third-largest startup ecosystem in the world, recording consolidated inflows of over $36 billion in the past 3 years with 26 "unicorns" - startups valued over $1 billion. The Indian startup ecosystem has expanded quite rapidly mainly through...
Persistent link: https://www.econbiz.de/10012239563
Innovation plays a critical role in shaping the industrial and firm competitiveness of any nation. Innovation is often discussed in the setting of developed countries, but the rise of emerging economies such as India has generated a new interest in understanding innovation in developing...
Persistent link: https://www.econbiz.de/10011522088
and innovation, emerging economies must support financial stability by improving prudential financial regulation and … asset price bubbles while supporting financial innovation and its regulation in a balanced manner. …
Persistent link: https://www.econbiz.de/10011757958
In this paper, we provide a comprehensive overview of the current state of financial inclusion and financial literacy in Georgia based on the latest literature, statistical evidence, and recent surveys. The paper reviews current government policy initiatives and strategy documents aimed at...
Persistent link: https://www.econbiz.de/10011862354
This paper examines the motivation for, and the success of, regional efforts in Asia to promote local currency bond markets. The analysis demonstrates that Asian local currency bond markets made substantial gains as a region going into the current global financial crisis. However, we argue that...
Persistent link: https://www.econbiz.de/10003928027
significant differences can be observed with respect to qualification review of senior management, broader regulation at the … to regulation; in many cases, regulations are prescriptive or even intrusive. In building a robust supervisory system … general principles and a principle-based approach to regulation do not seem to work well for emerging markets. Indeed, the …
Persistent link: https://www.econbiz.de/10008907802
This paper discusses the financial landscape of the Association of Southeast Asian Nations (ASEAN), a region engaged in building an economic community (a "single market and production base") by 2015. In particular, it reviews where ASEAN's financial markets and institutions now stand and...
Persistent link: https://www.econbiz.de/10009725116