phenomena as the dominance of state-owned banks, the growth of nonbank lending (the so-called shadow banks), and the need to … phenomena as the dominance of state-owned banks, the growth of nonbank lending (the so-called shadow banks), and the need to …

Central Bank setting policy, or (iii) floating exchange rates with each central bank in Asia independently choosing optimal …

changes, (ii) substitutes for bank lending, (iii) implications for firms, (iv) implications for banks, and (v) implications … answers. Specifically, the issues identified fall into the following five broad categories: (i) reasons for bank lending …