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Rethinking regulation: international banks in Asian emerging markets

Author

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  • C. P. Chandrasekhar

    (Centre for Economic Studies and Planning, Jawaharlal Nehru University, New Delhi)

Abstract

Financial systems in Asian emerging market economies are seen as resilient because of their performance during and after the 2008 crisis. But such assessments focus on the current status rather than the direction of evolution of those systems, many of which are being substantially liberalised. One consequence is the growing presence of foreign banks in these markets, invited on the grounds that they would enhance competition and induce domestic banking systems to adopt better technologies and practices. By contrast, it is here maintained that what they are likely to do is alter banking behaviour in ways that are inimical to growth and inclusion and increase instability.

Suggested Citation

  • C. P. Chandrasekhar, 2011. "Rethinking regulation: international banks in Asian emerging markets," PSL Quarterly Review, Economia civile, vol. 64(258), pages 249-266.
    • Handle: RePEc:psl:pslqrr:2011:34
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    File URL: http://ojs.uniroma1.it/index.php/PSLQuarterlyReview/article/view/9411/9306
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    References listed on IDEAS

    as
    1. Montgomery, Heather, 2003. "The role of foreign banks in post-crisis Asia: the importance of method of entry," MPRA Paper 33031, University Library of Munich, Germany.
    2. Bank for International Settlements, 2010. "The global crisis and financial intermediation in emerging market economies," BIS Papers, Bank for International Settlements, number 54.
    3. Hamid Rashid, 2011. "Credit to Private Sector, Interest Spread and Volatility in Credit-Flows: Do Bank Ownership and Deposits Matter?," Working Papers 105, United Nations, Department of Economics and Social Affairs.
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    Cited by:

    1. Alessandro Roncaglia, 2011. "Introduction," PSL Quarterly Review, Economia civile, vol. 64(258), pages 189-191.

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    More about this item

    Keywords

    Finance; Regulation; Emerging Markets; Asia;
    All these keywords.

    JEL classification:

    • F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business
    • G15 - Financial Economics - - General Financial Markets - - - International Financial Markets
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation

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