Emerging Financial Systems: Brazil, Indi

This course examines the workings of a select group of emerging 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 analyzed include the roles of domestic private, public sector and foreign banks; market volatility and credit supply; systemic resilience and regulation; fintech developments and implications; access to foreign capital; breadth and depth of domestic capital markets; and climate change developments and implications. The course methodology is to select an important emerging financial system as anchor (Brazil) for comparisons with those of three other major G-20 emerging economies: India, Indonesia, and Mexico.