Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/109256
Authors: 
Terada-Hagiwara, Akiko
Pasadilla, Gloria
Year of Publication: 
2004
Series/Report no.: 
ERD Working Paper Series 55
Abstract: 
"This paper examines the performance of Asian asset management companies (AMCs). The analysis reveals that the AMCs vary in their design and performance. The paper claims that AMCs can trigger moral hazard-induced bank lending. Empirical examination of the Thai experience of AMCs reveals that moral-hazard induced bank lending resulted in creating more new nonperforming loans (NPL) in the case of public AMCs. On the other hand, the centralized Thai Asset Management Company decreases the new NPL ratio, suggesting that this centralized AMC provokes no adverse moral hazard effect on financial institutions."
Persistent Identifier of the first edition: 
Creative Commons License: 
http://creativecommons.org/licenses/by/3.0/igo
Document Type: 
Working Paper

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