The Road to International Financial Stability: Are Key Financial Standards the Answer?

After the crisis in emerging market economies in the mid-late 1990s, the adoption of internationally recognized standards, or codes of good practice, was seen as a way to help strengthen the international financial system. This volume examines whether the standards and codes exercise can make a meaningful contribution to global financial stability and examines the developing country perspective. It takes the first steps in answering some of the open questions in the field.