Banking Sector Internationalisation in Asia
Sasidaran Gopalan
Chapter 10 in Emerging Asia, 2011, pp 54-59 from Palgrave Macmillan
Abstract:
Abstract Over the last decade, many emerging Asian economies have been liberalising their financial sectors, including opening up their banking systems to foreign competition. An immediate motivation for the adoption of this policy in countries such as Indonesia, South Korea and Thailand was the possible infusion of much-needed foreign funds that could help recapitalise their banks, following the Asian crisis of 1997–98. Apart from financing issues, however, it is becoming increasingly apparent that foreign competition tends to bring with it additional benefits that may not always result from domestic competition.
Keywords: Banking System; Banking Sector; Foreign Bank; Asian Economy; Foreign Competition (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:pal:pmschp:978-0-230-30627-1_10
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DOI: 10.1057/9780230306271_10
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