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 …

vary in their design and performance. The paper claims that AMCs can trigger moral hazard-induced bank lending. Empirical … examination of the Thai experience of AMCs reveals that moral-hazard induced bank lending resulted in creating more new …