Banking Reform in India and China

Lawrence Saez

International Journal of Finance & Economics, 2001, vol. 6, issue 3, 235-44

Abstract: 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.

Date: 2001
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