Emerging Issues in Financial Development compares the financial sector stance in Latin America with that in other developing and developed countries in order to shed light on the key obstacles for financial development. The book focuses on the main architectural issues, overall perspectives, and interconnections. Its value thus hinges on its holistic view of the development process, its broad coverage of the financial services industry (not just banking), its emphasis on comparisons and benchmarking, its systemic perspective, and its effort to incorporate lessons from financial crises.
The book presents a stock-taking exercise to ascertain where financial systems around the world lie by analyzing in detail the state of banks, capital markets, financial inclusion, and financial globalization. The book also revisits the role of public guarantees, institutional investors, macro-prudential policy, micro-systemic regulation, and systemic supervision.

The chapters in this book are written by experts in the field and yield many lessons. They raise a number of important issues, constituting an invaluable read for academics, financial sector practitioners, policy makers, and students in both developed and developing countries.