Emerging Financial Systems: Brazil, Indi

This course examines the workings of a select group of emerging economies’ financial systems, providing students with the tools to assess the efficacy of the financial system as a key pillar for a country’s sustained economic development and growth. Characteristics to be analyzed and compared include the roles of domestic private, public sector, and foreign banks; impact of fintech developments on competition between incumbents and challengers; business strategy and market valuation; systemic resilience and regulation; breadth and depth of domestic capital markets; access to foreign capital; climate change and sustainable finance; and potential for advancement by current leading emerging economies’ banks.