01812cas a2200241 a 4500 AALejournalIMF000676 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451852790 1018-5941 BD-DhAAL BD-DhAAL Knight, Malcolm. Developing Countries and the Globalization of Financial Markets / Malcolm Knight. Washington, D.C. : International Monetary Fund, 1998. 1 online resource (34 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper analyzes the impact of the globalization of financial markets on developing and transition economies. Differences between the responses of competitive and imperfectly competitive banking sectors cause them to affect economic activity differently. While nonbank financial markets and institutions can help to increase the competitiveness of banking sectors, there are 'gaps' in the institutions and market structures of developing and transition economies. Eliminating these gaps may reinforce financial market discipline in these countries. Some current international initiatives are outlined for enhancing financial system soundness; these emphasize the complementary roles of market discipline and official oversight in an environment of globalized markets. Mode of access: Internet IMF Working Papers; Working Paper ; No. 1998/105 Full text available on IMF http://elibrary.imf.org/view/journals/001/1998/105/001.1998.issue-105-en.xml IMF e-Library