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There has been considerable support for the view that
internationalization can assist countries in building financial systems
that are more stable and efficient by introducing international
standards and practices. At the same time, there have been concerns
about the risks that internationalization may carry for some countries,
particularly in the absence of adequate regulatory structures. The
chapters in this book examine different aspects of this debate, the
relative benefits and costs of internationalization, and together
provide an insight into the diversity and significance of the effects of
internationalization on domestic financial systems.
Published in 2001
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