Banking Reform in India and China.
This paper analyzes the important process about financial reform in the area of bank illiquidity in low-income emerging markets. This process is taking place within the context of a debate as to whether or not governments should try to rehabilitate existing state-owned banks or allow a new or parallel banking system to emerge in order to reduce non-performing assets from state-owned commercial banks. A comparison of institutional development in China and India suggests that new entry rather than the rehabilitation approach may work more favorably to reduce non-performing assets. The paper offers an explanation as to why governments choose rehabilitation over new entry. Copyright @ 2001 by John Wiley & Sons, Ltd. All rights reserved.
Year of publication: |
2001
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Authors: | Saez, Lawrence |
Published in: |
International Journal of Finance & Economics. - John Wiley & Sons, Ltd.. - Vol. 6.2001, 3, p. 235-44
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Publisher: |
John Wiley & Sons, Ltd. |
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