The Role of Regional Development Banks: Financing for Development in East Asia

Choong Yong Ahn, Woosik Moon and Deok Ryong Yoon

Chapter 18 in A New Financial Market Structure for East Asia, 2005 from Edward Elgar Publishing

Abstract: This book contends that the East Asian financial constitution lacks an appropriate infrastructure, resulting in inefficient allocation of high savings and an over-inflated short-term debt market. It goes on to point out that despite high savings, East Asia’s dependency on financial centers outside the region is also relatively high, and that there is no strong region-wide network to connect various financial centers in East Asia.

Keywords: Asian Studies; Economics and Finance (search for similar items in EconPapers)
Date: 2005
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