Section I: Development of Capital Markets in Asia Next Chapter
Section I: Development of Capital Markets in Asia
Section I takes stock of the state of the capital markets in Asia soon after the Asian financial crisis of 1997–98. It begins with a chapter by M. S. Mohanty and Philip Turner from the Bank for International Settlements (BIS) on “Banks and Financial Intermediation in Emerging Asia: Reforms and New Risks,” followed by a chapter by Andrew Sheng on “How to Develop Capital Markets in East Asia.”
This chapter by M. S. Mohanty and Philip Turner reviews the transformation of Asia's banking system since the Asian financial crisis of 1997–98 and highlights the forces that are changing financial intermediation in the region, ...