01999cas a2200277 a 4500 AALejournalIMF022021 230101c9999 xx r poo 0 0eng d 5.00 USD 9781498312615 2617-6750 BD-DhAAL BD-DhAAL Sahay, Ratna. Rethinking Financial Deepening : Stability and Growth in Emerging Markets / Ratna Sahay, Martin Cihak, Papa N'Diaye, Adolfo Barajas. Washington, D.C. : International Monetary Fund, 2015. 1 online resource (41 pages) Staff Discussion Notes <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 The global financial crisis experience shone a spotlight on the dangers of financial systems that have grown too big too fast. This note reexamines financial deepening, focusing on what emerging markets can learn from the advanced economy experience. It finds that gains for growth and stability from financial deepening remain large for most emerging markets, but there are limits on size and speed. When financial deepening outpaces the strength of the supervisory framework, it leads to excessive risk taking and instability. Encouragingly, the set of regulatory reforms that promote financial depth is essentially the same as those that contribute to greater stability. Better regulation-not necessarily more regulation-thus leads to greater possibilities both for development and stability. Mode of access: Internet Barajas, Adolfo. Cihak, Martin. N'Diaye, Papa. Staff Discussion Notes; Staff Discussion Notes ; No. 2015/008 Full text available on IMF http://elibrary.imf.org/view/journals/006/2015/008/006.2015.issue-008-en.xml IMF e-Library