Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/53724 
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dc.contributor.authorHsu, Chen-minen
dc.contributor.authorLiao, Chih-fengen
dc.date.accessioned2011-01-07-
dc.date.accessioned2011-12-15T12:27:38Z-
dc.date.available2011-12-15T12:27:38Z-
dc.date.issued2010-
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
dc.language.isoengen
dc.publisher|aAsian Development Bank Institute (ADBI) |cTokyoen
dc.relation.ispartofseries|aADBI Working Paper |x221en
dc.subject.jelF42en
dc.subject.jelG18en
dc.subject.jelG21en
dc.subject.ddc330en
dc.subject.stwFinanzmarktkriseen
dc.subject.stwKapitalmarktliberalisierungen
dc.subject.stwRegulierungen
dc.subject.stwInternationale wirtschaftspolitische Koordinationen
dc.subject.stwWirkungsanalyseen
dc.subject.stwChinaen
dc.subject.stwHongkongen
dc.subject.stwSingapuren
dc.subject.stwTaipehen
dc.titleFinancial turmoil in the banking sector and the Asian Lamfalussy Process: The case of four economies-
dc.typeWorking Paperen
dc.identifier.ppn631100970en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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