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dc.contributor.authorHsu, Chen-minen_US
dc.contributor.authorLiao, Chih-fengen_US
dc.date.accessioned2011-01-07en_US
dc.date.accessioned2011-12-15T12:27:38Z-
dc.date.available2011-12-15T12:27:38Z-
dc.date.issued2010en_US
dc.identifier.urihttp://hdl.handle.net/10419/53724-
dc.description.abstractThis paper investigates the prevailing financial regulatory structures and impact of the current financial turmoil on banking performance in four Asian economies: the People's Republic of China (PRC); Hong Kong, China; Singapore; and Taipei,China. Both the PRC and Hong Kong, China operate under a fragmented financial regulatory structure, while Singapore and Taipei,China have integrated structures. We examine the role of an integrated financial regulatory structure in helping financial institutions mitigate the impact of the financial crisis, using financial indicators of banks' capital structure and operating performance in these four economies between 2003 and 2008. Our analysis of the indicators reveals that banking performance under a fragmented financial regulatory structure is not worse than under integrated regulation. This implies that financial regulatory structure is not the main reason why Asian financial institutions suffered only limited losses from the current global financial crisis. However, given the growing complexity of the global financial system, and the relative weakness of current financial regulatory structures in Asia, this paper suggests that East Asian governments should refer to the Lamfalussy Process in the European Union and set up an Asia Financial Stability Dialogue to facilitate policy coordination for regional financial sector stability and development.en_US
dc.language.isoengen_US
dc.publisherAsian Development Bank Institute Tokyoen_US
dc.relation.ispartofseriesADBI working paper series 221en_US
dc.subject.jelF42en_US
dc.subject.jelG18en_US
dc.subject.jelG21en_US
dc.subject.ddc330en_US
dc.subject.stwFinanzmarktkriseen_US
dc.subject.stwKapitalmarktliberalisierungen_US
dc.subject.stwRegulierungen_US
dc.subject.stwInternationale wirtschaftspolitische Koordinationen_US
dc.subject.stwWirkungsanalyseen_US
dc.subject.stwChinaen_US
dc.subject.stwHongkongen_US
dc.subject.stwSingapuren_US
dc.subject.stwTaipehen_US
dc.titleFinancial turmoil in the banking sector and the Asian Lamfalussy Process: The case of four economiesen_US
dc.typeWorking Paperen_US
dc.identifier.ppn631100970en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
Appears in Collections:ADBI Working Paper Series, Asian Development Bank Institute

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