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

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 …