Emerging banking systems

"The emerging economies considered in this book - China, India, Brazil, Russia, Turkey, Indonesia, North Africa - were key players in the unprecedented international economic integration of the last decades. The World Bank forecasts that in 25 years emerging economies will represent about 33 percent of the world GDP. Their increasing population and high saving rates make them very attractive markets for bank lending and deposit-taking." "However, in spite of their success, emerging economies feature various fragilities. Their chief inefficiency pertains to the financial system, especially…