Banking Reform in Southeast Asia

Banking Reform in Southeast Asia

4.11 - 1251 ratings - Source



This book empirically examines banking reform in the economies of Southeast Asia as they sought to adapt to major developments in the global economic system over the past three decades, including the globalisation of finance, the debt crisis of the 1980s and the 1997-1998 Asian financial crisis. Focusing in particular on the turbulent decade of financial boom and bust from 1994 to 2004, it explores the ways in which states respond to powerful external shocks and the implications for policy choices, demonstrating how different political systems shape economic performance and policy choices. It sets out a detailed comparative analysis of the experiences of the five major regional economies, Malaysia, Singapore, Thailand, Indonesia and the Philippines, considering how banking reform responded to the challenges posed by global economic integration. The countries least affected by the crisis, Singapore and the Philippines, used the crisis effectively to further liberalise long-protected domestic banking sectors. The countries the most affected by the crisis, Indonesia, Thailand and Malaysia, all resisted external pressure to liberalise their protected banking sectors even when they experienced changes in leadership. In all five cases, the nature of the political system and their previous commitment to nationalist banking policies, more than the depth of the crisis or extent of foreign pressure, was the key determining factor in their crisis response and in the post-crisis changes to banking policy that are still playing out today.... banks began to focus much more on the lower risk consumer lending market, especially credit cards and housing and car loans.3 ... biased towards the big end of town and related lending, and support the Philippine financial sectora#39;s catalytic role in development. ... does not define off-site automated teller machines as branches, meaning that foreign banks can, with the approval of the central bank, anbsp;...


Title:Banking Reform in Southeast Asia
Author: Malcolm Cook
Publisher:Routledge - 2008-05-23
ISBN-13:

You must register with us as either a Registered User before you can Download this Book. You'll be greeted by a simple sign-up page.

Once you have finished the sign-up process, you will be redirected to your download Book page.

How it works:
  • 1. Register a free 1 month Trial Account.
  • 2. Download as many books as you like (Personal use)
  • 3. Cancel the membership at any time if not satisfied.


Click button below to register and download Ebook
Privacy Policy | Contact | DMCA