Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/109533
Authors: 
Adams, Charles
Year of Publication: 
2008
Series/Report no.: 
ADB Working Paper Series on Regional Economic Integration 16
Abstract: 
This paper looks at the development of the banking sector in emerging East Asia in the 10 years since the financial crisis of 1997/98. It suggests that the health of banking sectors in the region has improved substantially, with key changes including increased foreign ownership, movement into new business lines, greater transparency, and shifts toward household and real estate lending. In addition, supervisory and regulatory systems have been upgraded and have become more forward looking and risk based. However, it notes that major credit rating agencies continue to maintain relatively low ratings for many banks in the region, bank share prices have generally underperformed the market, and significant differences persist in the health of the region's banking systems. In addition, bank lending to private business has been weak across much of the region. Restructuring and reform are ongoing processes and will need to continue not only where further rehabilitation from the effects of the 1997/98 crisis is still required, but in other economies as well.
Subjects: 
Financial crisis
restructuring and reform
credit rating
Basel core principles
JEL: 
G21
G24
G28
G32
Persistent Identifier of the first edition: 
Creative Commons License: 
http://creativecommons.org/licenses/by/3.0/igo
Document Type: 
Working Paper

Files in This Item:
File
Size
780.45 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.