Open doors : foreign participation in financial systems in developing countries / Robert E. Litan, Paul Masson, Michael Pomerleano, editors.

Based on a conference held on Apr. 19-21, 2001, in New York City, jointly sponsored by the World Bank Group, the International Monetary Fund, and the Brookings Institution.

Includes bibliographical references and index.

Introduction / Robert E. Litan, Paul Masson, and Michael Pomerleano -- pt. 1. How important is financial sector FDI and what are its impacts? Foreign banks in emerging markets / Donald J. Mathieson and Jorge Roldâos -- pt. 2. What foreign institutions do in emerging markets: overview. Foreign banks in emerging markets: an institutional study / Michael Pomerleano and George J. Vojta. Liberalization of insurance markets: issues and concerns / Harold D. Skipper, Jr. Foreign participation in emerging securities industries / Ranjit Ajit Singh, Attila Emam, and Kar Mei Tang. Institutional experiences in emerging markets: summary of comments / Paul Masson -- pt. 3. What foreign institutions do in emerging markets: sector report. Foreign bank influence in the Czech Republic / Donald G. Simonson. Does foreign ownership conribute to sounder banks?: the Latin American experience / Jennifer S. Crystal, B. Gerard Dages, and Linda S. Goldberg. Foreign financial firms in Asia / Nicholas R. Lardy -- pt. 4. Policies toward financial sector FDI. Opening banking to foreign competition / Edward M. Graham. Borderless trading and developing securities markets / Benn Steil. Financial services and the WTO: what next? / Pierre Sauvâe and Karsten Steinfatt -- pt. 5. Moving into the future: potential for financial sector e-commerce. E-Finance and financial stability / Philip Turner. E-commerce issues and challenges for emerging markets / Tom Glaessner, Ed Horowtiz [i.e. Horowitz], Robert Ledig, and Ed Ritchser.

Annotation The extensive reforms and liberalization of financial services in emerging markets worldwide call for cutting-edge strategies to capture the benefits of new investment opportunities. In Open Doors, a volume of papers from the third annual Financial Markets and Development conference, multidisciplinary financial sector experts analyze current economic and political trends and prescribe practical advice to the financial development community. The book addresses the key issues of concern regarding the emerging markets, including the trends, motivations, and scope of FDI in finance; policy options that will best capture the opportunities of foreign entry; and the role of foreign institutions in e-finance innovation. The authors focus on specific topics such as foreign participation in emerging market banking systems and securities industries, WTO policies and enforcement, the role of foreign banks, liberalization of insurance markets, the need for capital markets, and the policy, regulatory, and legal issues associated with e-finance. For policymakers and financial practitioners affected by the WTO's Financial Services Agreement, this timely book should be of particular interest. Contributors include Donald Mathieson (International Money Fund), Pierre Sauvi (Trade Directorate, OECD), George J. Vojta (formerly with Bankers Trust and Citibank), Harold D. Skipper (J. Mack Robinson College of Business, Georgia State University), Benn Steil (Council on Foreign Relations), Morris Goldstein and Edward M. Graham (Institute for International Economics), Nicolas Lardy (Brookings Institution), Phillip Turner (Bank of International Settlements), and Robert Ledig (Fried, Frank, Shriver & Jacobson).