This paper seeks to add to the current debate about financial development and growth in the emerging world by looking at how different financial systems evolve: how and why financial structures change during various stages of development, how best to measure them, and seeing what practical...

In this study, using the World Bank's Bank Regulation and Supervision Survey (BRSS) data, we draw insights about the bank regulatory/supervisory styles, illustrate the differences in regulation/supervision among crisis, non-crisis and BRICS countries, and highlight the ways in which bank...

Cryptocurrencies and blockchain-based technologies represent one of the most debated topics in the financial services landscape. In this respect, during the past months several institutional investors, and namely hedge funds and their managers, have demonstrated a growing interest in the...

This is not your grandfather’s SEC anymore. Rapid technological change has resulted in novel regulatory issues and challenges, as law and policy struggles to keep pace. The U.S. Securities and Exchange Commission (SEC) reports that “the U.S. capital markets are the deepest, most dynamic, and...

This paper seeks to add to the current debate about financial development and growth in the emerging world by looking at how different financial systems evolve: how and why financial structures change during various stages of development, how best to measure them, and seeing what practical...

In this study, using the World Bank’s Bank Regulation and Supervision Survey (BRSS) data, we draw insights about the bank regulatory/supervisory styles, illustrate the differences in regulation/supervision among crisis, non-crisis and BRICS countries, and highlight the ways in which bank...

This is a manuscript in German language of my presentation held at the joint conference sponsored by the Verband der Hochschullehrer fuer Betriebswirtschaft (transl. Association of Business School Professors) and the Deutsches Aktieninstitut e.V. in October 2008. It analyzes which current trends...

This is the first chapter of the book written Minh Chinh Pham and Quan Hoang Vuong, with the name The Storm. The chapter described the situation of the Vietnamese economy right before the global financial meltdown, which was later sinking many economies and larger conglomerates. The chapter...

Assessing and monitoring systemic risk is a challenge for policy makers andsupervisors in all countries. It is particularly challenging in low-income countries (LICs),owing to a number of characteristics shared to a greater or lesser extent by most of them.This paper discusses these common...

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...