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Leading South Asia expert Bhumitra Chakma explains the politics of regionalism in South Asia and traces the origins and evolution of the South Asian Association for Regional Cooperation (SAARC) from its inception to the present day. He takes an International Relations perspective and engages three major IR theoretical approaches - neorealism, institutionalism and constructivism - to explain the complex dynamics of South Asian regionalism. Using comparative perspectives based on the experiences of similar regional organizations, the author provides an in-depth analysis of the challenges of cooperation in the region and explores how progress might be made in the future.

Regionalism --- Human geography --- Nationalism --- Interregionalism --- South Asian Association for Regional Cooperation. --- SAARC (South Asian Association for Regional Cooperation) --- S.A.A.R.C. --- South Asian Association for Regional Co-operation --- Sārka --- South Asian Regional Cooperation --- Regionalism. --- South Asia. --- Orient --- Asia, South --- Asia, Southern --- Indian Sub-continent --- Indian Subcontinent --- Southern Asia --- South Asian cooperation. --- Asian cooperation

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Cross-border banking in emerging markets and developing economies has expanded across most World Bank regions and has become large relative to some home and host economies. This paper analyzes recent trends of bank activities of financial groups headquartered in 46 emerging markets and developing economies, as well as the ownership structure of 51 prominent financial groups from emerging markets and developing economies. The data suggest that cross-border groups in most regions have grown in size, geographical reach, range of activities, and group complexity. The increasing relevance and complexity of cross-border banking pose challenges for policy makers in home and host jurisdictions as well as for the groups themselves to maximize the benefits of international financial integration while mitigating the risks. This balance calls for stronger consolidated supervision, more regional coordination and harmonization, and better group-wide corporate governance and controls. However, key challenges include institutional capacity constraints and political factors.

Capital Flows --- Capital Markets and Capital Flows --- Consolidated Supervision --- Cross-Border Banking --- Emerging Market Economies --- Finance and Financial Sector Development --- Financial Regulation --- Financial Regulation and Supervision --- Home-Host Jurisdictions --- International Banking --- International Economics and Trade --- International Financial Markets --- International Trade and Trade Rules --- Regional Cooperation --- Regional Harmonization --- Trade and Services --- West African Economic and Monetary Union