The article reviews how monetary policy affects financial markets in developing countries and emerging economies. It looks at 130 research articles over eight years to see what areas have been studied the most and which ones need more attention. The researchers suggest future studies should focus on tools to prevent financial crises, how non-bank financial institutions are affected by monetary policy, and how corporate finance and governance relate to monetary policy. They also recommend using different research methods and adapting economic models to fit developing countries better.