New research about banks and capital markets on emerging markets issued

New research about banks and capital markets on emerging markets issuedThe Institute for Emerging Market Studies (IEMS) of the Moscow School of Management SKOLKOVO has issued new research «The Evolving Importance of Banks and Capital Markets in the Emerging World».

The Institute for Emerging Market Studies (IEMS) of the Moscow School of Management SKOLKOVO has issued new research «The Evolving Importance of Banks and Capital Markets in the Emerging World». The experts examined the level of financial development of 100 emerging markets in recent years and investigated the optimal financial structure for emerging market countries. They found out that many of them currently lack the financial sector infrastructure to take their economies to the next stage of sustained economic development. The researchers also found out that if a developing country?s mixture of banks and markets differs significantly from its optimal structure, then the financial system will not deliver the appropriate combination of financial services, resulting in a misallocation of capital and slower economic growth over time...