Rethinking regulation: international banks in Asian emerging markets
Financial systems in Asian emerging market economies are seen as resilient because of their performance during and after the 2008 crisis. But such assessments focus on the current status rather than the direction of evolution of those systems, many of which are being substantially liberalised. One c...
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| Format: | Article |
| Language: | English |
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Associazione Economia civile
2011-01-01
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| Series: | PSL Quarterly Review |
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| Online Access: | http://ojs.uniroma1.it/index.php/PSLQuarterlyReview/article/view/9411/9306 |
| _version_ | 1819122816657653760 |
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| author | C.P. Chandrasekhar |
| author_facet | C.P. Chandrasekhar |
| author_sort | C.P. Chandrasekhar |
| collection | DOAJ |
| description | Financial systems in Asian emerging market economies are seen as resilient because of their performance during and after the 2008 crisis. But such assessments focus on the current status rather than the direction of evolution of those systems, many of which are being substantially liberalised. One consequence is the growing presence of foreign banks in these markets, invited on the grounds that they would enhance competition and induce domestic banking systems to adopt better technologies and practices. By contrast, it is here maintained that what they are likely to do is alter banking behaviour in ways that are inimical to growth and inclusion and increase instability. |
| first_indexed | 2024-12-22T06:58:28Z |
| format | Article |
| id | doaj.art-d7927779ec674b50bf557bb87758c6cf |
| institution | Directory Open Access Journal |
| issn | 2037-3635 2037-3643 |
| language | English |
| last_indexed | 2024-12-22T06:58:28Z |
| publishDate | 2011-01-01 |
| publisher | Associazione Economia civile |
| record_format | Article |
| series | PSL Quarterly Review |
| spelling | doaj.art-d7927779ec674b50bf557bb87758c6cf2022-12-21T18:34:52ZengAssociazione Economia civilePSL Quarterly Review2037-36352037-36432011-01-0164258249266Rethinking regulation: international banks in Asian emerging marketsC.P. ChandrasekharFinancial systems in Asian emerging market economies are seen as resilient because of their performance during and after the 2008 crisis. But such assessments focus on the current status rather than the direction of evolution of those systems, many of which are being substantially liberalised. One consequence is the growing presence of foreign banks in these markets, invited on the grounds that they would enhance competition and induce domestic banking systems to adopt better technologies and practices. By contrast, it is here maintained that what they are likely to do is alter banking behaviour in ways that are inimical to growth and inclusion and increase instability.http://ojs.uniroma1.it/index.php/PSLQuarterlyReview/article/view/9411/9306FinanceRegulationEmerging MarketsAsia |
| spellingShingle | C.P. Chandrasekhar Rethinking regulation: international banks in Asian emerging markets PSL Quarterly Review Finance Regulation Emerging Markets Asia |
| title | Rethinking regulation: international banks in Asian emerging markets |
| title_full | Rethinking regulation: international banks in Asian emerging markets |
| title_fullStr | Rethinking regulation: international banks in Asian emerging markets |
| title_full_unstemmed | Rethinking regulation: international banks in Asian emerging markets |
| title_short | Rethinking regulation: international banks in Asian emerging markets |
| title_sort | rethinking regulation international banks in asian emerging markets |
| topic | Finance Regulation Emerging Markets Asia |
| url | http://ojs.uniroma1.it/index.php/PSLQuarterlyReview/article/view/9411/9306 |
| work_keys_str_mv | AT cpchandrasekhar rethinkingregulationinternationalbanksinasianemergingmarkets |