Developing a government securities market is a complex undertaking that depends on the financial and market system development of each country. For many governments, this involves immense challenges as the problems that inhibit securities market development run deep in the economy. For example,...

In recent years, the emergence of electronic finance - especially online banking and brokerage services, and new trading systems - has reshaped the financial landscape around the world. This paper reviews these developments and finds that they are greatly impacting the structure of and...

The paper analyzes the provision of electronic financial services in countries, the impact of e-finance on the financial systems, and the leapfrogging opportunities for emerging markets. The authors address new policy issues and the role of government intervention in the light of these...

Because financial services are highly dependent on technology and well-suited to remote delivery, technological advances and the advent of the Internet are causing dramatic changes in the industry. This revolution could accelerate financial sector development by lowering the costs, increasing...