- Found In
- OECD Journal: Financial Market Trends Vol. 2009, no. 2, p. 209-263 1995-2872
- Description
- 55 p.
- Summary
- This paper discusses the financial systems of OECD Enhanced Engagement Countries (EE5: Brazil, China, India, Indonesia, and South Africa). Rather than providing a comprehensive survey of each financial system, it is designed to highlight some of the salient features of EE5 financial systems, emphasising those aspects of the system that these countries have in common and those that are different from those in OECD countries. While there are significant differences among EE5 countries, this group shares some distinctive characteristics. EE5 have relatively lower financial assets/GDP ratios and their financial intermediation remains relatively bank dominated and less international. Equity markets have reached proportions comparable to those of OECD countries, but fixed income markets (especially private debt markets) remain relatively backward. At the same time, the financial systems of EE5 countries have been developing rapidly supported by steady reforms. Going forward, many institutions outside OECD countries are likely to become bigger players in financial markets, and the emergence of large asset holdings, rising shares of world equity and bond markets and the emergence of powerful financial institutions in new regions of the world are likely to influence the contours of the world financial system in years to come.
- Subject
- Finance and Investment
- LCCN
- 10.1787/fmt-v2009-art19-en
- OCLC
- oecd-lib-001505
- Author
Thompson, John.
- Title
Current and structural developments in the financial systems of OECD enhanced engagement countries [electronic resource] / John Thompson
- Imprint
Paris : OECD Publishing, 2010.
- Connect to:
- Indexed Term
Finance and Investment
- Found In:
OECD Journal: Financial Market Trends Vol. 2009, no. 2, p. 209-263 2009:2<209 1995-2872
- Other Standard Identifier
10.1787/fmt-v2009-art19-en doi