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Financial Sector Reforms in South Asian Countries

Financial Sector Reforms in South Asian Countries

Amir Manzoor
Copyright: © 2016 |Pages: 15
ISBN13: 9781522500049|ISBN10: 1522500049|EISBN13: 9781522500056
DOI: 10.4018/978-1-5225-0004-9.ch003
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MLA

Manzoor, Amir. "Financial Sector Reforms in South Asian Countries." Financial Market Regulations and Legal Challenges in South Asia, edited by Amit K. Kashyap and Anjani Singh Tomar, IGI Global, 2016, pp. 36-50. https://doi.org/10.4018/978-1-5225-0004-9.ch003

APA

Manzoor, A. (2016). Financial Sector Reforms in South Asian Countries. In A. Kashyap & A. Tomar (Eds.), Financial Market Regulations and Legal Challenges in South Asia (pp. 36-50). IGI Global. https://doi.org/10.4018/978-1-5225-0004-9.ch003

Chicago

Manzoor, Amir. "Financial Sector Reforms in South Asian Countries." In Financial Market Regulations and Legal Challenges in South Asia, edited by Amit K. Kashyap and Anjani Singh Tomar, 36-50. Hershey, PA: IGI Global, 2016. https://doi.org/10.4018/978-1-5225-0004-9.ch003

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Abstract

Several far-reaching reforms to the financial sector were introduced by South Asian countries in early 1980. The nature and progress of these reforms vary from country to country. These reforms covered a number of areas such as promoting competition in the financial sector, developing payment and settlement systems, and strengthening regulations. So far, these reforms have not only helped South Asian countries to significantly raise domestic savings, attract foreign capital, and raise economic growth rates but also provided greater economic integration of South Asia. This chapter performs a close re-scrutiny of the reforms implemented in South Asian countries. Suggestion for further reforms for building efficient, competitive, and resilient financial sector is also provided.

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