Evolving global financial markets: implications for capital flows and capital standards in emerging market economies.

Abstract


(a) Global financial trends (securitisation, globalisation, consolidation)
(b) International capital flows
    - general problems and solutions
    - creditor-side responses
    - debtor-side responses
(c) International capital standards
    - general review of standards, the merits of benchmarking,
        and practical problems of implementation
   - the particular case of the new Basel Accord;
       should it apply to emerging market economies ?