• Summary
  • Contents
  • Subject index

Capital Market Reform in Asia contains a selection of papers that capture the essence of capital market reform in the Asian region, including important lessons from the global financial crisis of 2007–2009. It points to the need for Asian economies to adapt their capital market development strategies to rebalance growth by increasing mobilization of Asian savings for Asian investment.

Capital Market Reform in Asia is derived from 11 round table conferences on Capital Market Reform in Asia, jointly organized by Asian Development Bank Institute (ADBI) and the Organization for Economic Co-operation and Development (OECD).

The volume charts the progress of capital market development in Asia after the 1997–1998 Asian financial crisis, providing insights into capital market reform and the new challenges that have arisen since the global financial crisis of 2007–2009, amidst reforms to the international financial architecture.

Banks and Financial Intermediation in Emerging Asia: Reforms and New Risks*
Banks and financial intermediation in emerging Asia: Reforms and New Risks
M. S.Mohanty and PhilipTurner

The Asian banking systems have been hit by several large shocks over the past decade. A financial meltdown in the late 1990s almost crippled the Asian financial intermediation process, leading to a massive loss of output and subsequent efforts by Asian authorities to overhaul the banking system. This was followed by the 2001 global slowdown. The 2007–09 global financial crisis proved to be a huge stress test for the Asian banking system. Up to the time of writing, however, most Asian banks seem to have weathered the crisis rather well.1

The conventional view about the transformation of the banking system since the ...

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