Introduction ............................................... vii
Masahiro Kawai and Eswar S. Prasad
Part I. Overview
1 Financial Sector Regulation and Reforms in Emerging
Markets: An Overview ......................................... 3
Eswar S. Prasad
Part II. New Perspectives on Financial Regulation
2 Market Failures and Regulatory Failures: Lessons from
Past and Present Financial Crises ........................... 27
Viral V. Acharya, Thomas Cooley, Matthew Richardson, and
Ingo Walter
3 Evaluating the U.S. Plans for Financial Regulatory Reform ... 75
Douglas J. Elliott
Part III. Regulatory Frameworks for Emerging Markets
4 Emerging Contours of Financial Regulation: Challenges
and Dynamics ............................................... 105
Rakesh Mohan
4 What Regulatory Policies Work for Emerging Markets? ........ 138
Luo Ping
6 Banking Supervision in Indonesia ........................... 158
Anwar Nasution
Part IV. Financial Market Development and Stability
7 Who Should Regulate Systemic Stability Risk? The
Relevance for Asia ......................................... 171
Masahiro Kawai and Michael Pomerleano
8 Financial Development: A Broader Perspective ............... 203
Richard Reid
9 Financial Development in Emerging Markets: The Indian
Experience ................................................. 226
K.P. Krishnan
Part V. Improving Financial Access in Emerging Markets
10 Universalizing Complete Access to Finance: Key Conceptual
Issues ..................................................... 265
Suyash Rai, Bindu Ananth, and Nachiket Mor
11 Financial Inclusion and Financial Stability: Current
Policy Issues .............................................. 284
Alfred Hannig and Stefan Jansen
Part VI. Cross-Border Regulation
12 Cross-Border Regulation after the Global Financial
Crisis ..................................................... 321
Alejandro Werner and Guillermo Zamarripa
13 Addressing Private Sector Currency Mismatches in Emerging
Europe ..................................................... 365
Jeromin Zettelmeyer, Piroska M. Nagy, and Stephen Jeffrey
Contributors .................................................. 407
Index ......................................................... 409
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