Open Doors

Foreign Participation in Financial Systems in Developing Countries

Robert E. Litan, Paul R. Masson, Michael Pomerleano

• Publisher: Brookings Institution Press
• Year: 2004
• Edition: 1
• eBook ISBN:
  9780815798132
• Topic: Social Sciences
• Subtopic: Development Economics
• Index: Social Sciences

The extensive reforms and liberalization of financial services in emerging markets worldwide call for cutting-edge strategies to capture the benefits of new investment opportunities. In Open Doors, a volume of papers from the third annual Financial Markets and Development conference, multidisciplinary financial sector experts analyze current economic and political trends and prescribe practical advice to the financial development community. The book addresses the key issues of concern regarding the emerging markets, including the trends, motivations, and scope of FDI in finance; policy options that will best capture the opportunities of foreign entry; and the role of foreign institutions in e-finance innovation. The authors focus on specific topics such as foreign participation in emerging market banking systems and securities industries, WTO policies and enforcement, the role of foreign banks, liberalization of insurance markets, the need for capital markets, and the policy, regulatory, and legal issues associated with e-finance. For policymakers and financial practitioners affected by the WTO's Financial Services Agreement, this timely book should be of particular interest. Contributors include Donald Mathieson (International Money Fund), Pierre Sauvé (Trade Directorate, OECD), George J. Vojta (formerly with Bankers Trust and Citibank), Harold D. Skipper (J. Mack Robinson College of Business, Georgia State University), Benn Steil (Council on Foreign Relations), Morris Goldstein and Edward M. Graham (Institute for International Economics), Nicolas Lardy (Brookings Institution), Phillip Turner (Bank of International Settlements), and Robert Ledig (Fried, Frank, Shriver & Jacobson).

Table of contents

• Front Cover
• Title Page
• Copyright Information
• Table of Contents
• Introduction
• Part I: How Important Is Financial Sector FDI and What Are Its Impacts?
• Part II: What Foreign Institutions Do in Emerging Markets: Overview
• Part III: What Foreign Institutions Do in Emerging Markets: Sector Report
• Part IV: Policies toward Financial Sector FDI
• Part V: Moving into the Future: Potential for Financial Sector E-Commerce
• Contributors
• Index
• Back Cover