Prof. Amit Kashyap shares why financial market regulations are important for the economy in an IGI Global interview

Financial Market Regulations is the Backbone of Economic Development: Hear From Finance Expert Prof. Amit Kashyap

By Sharlene Oong on Nov 21, 2018
As Asia becomes a prime location for international investment, South Asia has emerged as the most dynamic regions in the world, projecting a growth rate of 7.2 percent, making it a leading country for economic growth and development. However, South Asian policy makers, supervisory authorities, and regulators experience a lack of inclusiveness in the economic and financial system, according to Prof. Amit Kashyap from Nirma University, editor of the publication, Financial Market Regulations and Legal Challenges in South Asia. Prof. Kashyap explains the significance of conducting research in South Asian financial markets, and how it benefits the global economy, in an IGI Global interview.

What inspired you to pursue research activities in financial market regulations?

The inspiration for research in the field of South Asian financial markets came while I was teaching securities, law, and regulations at Gujarat National Law University, Gandhinagar. During my preparations for class lectures, I read about the financial market reforms after 1991, and found that most of the developing economies have undergone major financial reforms in the same period. I found this subject very fascinating and developed this as my research area with a legal analysis.

Why are your respective areas of research important to the field at large?

Financial market regulations have great importance to the growth of economy. It can be considered as the backbone of economic development. Economic analysis of financial regulations, financial frauds, and innovations in financial products are some areas that could be included in current research.

In your opinion, what are some of the benefits of your research to its community of users?

The publication, Financial Market Regulations and Legal Challenges in South Asia, is of great importance and relevance to clarify the idea of financial integration, harmonization, and comparative analysis of financial regulations in South Asian countries. Thus, the publication acts as a reference for research, a teaching book, and a guide for students and faculties working in the area of financial market regulations. Moreover, this also appeals to policy makers, economists, lawyers, and government officials.

What are the future directions of your research areas?

The future of research in financial market and regulations is very dynamic, and is developing at a rapid pace with the objective of harmonization and integration of legal systems. Financial Market Regulations and Legal Challenges in South Asia is a bridge in structuring the understanding of the subject area for scholars and researchers.

What are some other evolving research trends you have observed in your industry/field over the past several months and what would you say are some of the innovative research directions you foresee in the future? How do you feel your publication sets the pace for these innovations?

There are lot of emerging trends and developments in the legal industry. This includes the legal issues due to the boom in internet service, international trade, and financial services law harmonization. However, not much work has not been done in these areas of development. This publication is very relevant for the building of understanding in financial markets development in south Asia and its integration, being a one the few references available in the subject area.
We would like to thank Prof. Kashyap for sharing his research insights on financial market regulations. We hope the discussion will promote further conversations on the topic. Be sure to view his publications, Financial Market Regulations and Legal Challenges in South Asia and Corporate Insolvency Law and Bankruptcy Reforms in the Global Economy, and recommend them to your librarian.
Prof. Kashyap's research is available through IGI Global’s world-renowned InfoSci©-Books, a collection of 4,500+ e-books with over 93,000 chapters and over one million reference citations. Offered as low as US$ 8,580 US$ 6,864*, this database hosts key features such as full-text PDF and HTML format, no DRM, unlimited simultaneous users, and no embargo of content with research available months in advance of the print release. This comprehensive collection spans 11 core subject areas, including business and management, computer science, education, engineering, social sciences and humanities, and more. Purchase or recommend this database to your institution’s librarian.
Be sure to check out Prof. Kashyap's research, as well as these recommended publications on finance and business, and recommend them to your library.

Disclaimer: The opinions expressed in this article are the author’s own and do not reflect the views of IGI Global.
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