Performance of East Asian banking sectors under IMF-supported programs
Bibliographic Data
| ID | 12549256 |
|---|---|
| Authors | Luc Can (Harvard University, corresponding author), Mohamed Ariff (0000-0003-2757-9924, Bond University) |
| Year | 2009 |
| Volume | 14 |
| Issue | 1 |
| Pages | 5-26 |
| Publication date | 2009-02-17 |
| Open Access | No |
| Type | ARTICLE |
| Venue | Journal of the Asia Pacific Economy (JOURNAL) |
| Journal identifiers | ISSN: 1354-7860 • E-ISSN: 1469-9648 |
| Publisher | Routledge (PUBLISHER • GB) |
| DOI | 10.1080/13547860802661595 |
| OpenAlex | W1988928264 |
| Language | EN |
| Citations received | 1 |
| References cited | 29 |
This paper reports the performance of the banking sectors of four crisis-hit East Asian economies, under IMF-restructuring programs, over the pre- and post-restructuring periods. Results from the widely used structural analysis model indicate that the four banking sectors have become moderately concentrated, resulting in a narrower reach of banking services to customers. Because of governments' re-privatization of banks and the relaxation for foreign bank entry, foreign ownership has increased. Our financial analysis shows significant improvements in financial intermediation, efficiency and soundness. More special efforts, however, need to be made to regain performance levels in credit provision to the private sector, and increase depositor confidence, operating efficiency, and profitability. Our results suggest that it is imperative for policy-makers to realize and balance the trade-off between achieving financial soundness and providing private credit access. In addition, although new policy (deposit insurance) has been adopted to assure depositors of their investments, long-term measures such as better risk management practices should be in place to ensure safety and the soundness of banks, and thus the confidence of the depositors
Balance sheet · Business · Economics · Financial system · Intermediation · Private sector · Profitability index · Recapitalization · Restructuring · Banking stability, regulation, efficiency · Global Financial Crisis and Policies · Islamic Finance and Banking Studies · Finance
| Citations per year | 0.07 |
|---|---|
| Citation span | 2011 - 2011 (1) |
| Highly cited | No |