Financial Sector Development in the Pacific Rim

Financial Sector Development in the Pacific Rim

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The reform in Asian financial sectorsa€”especially in banking and stock marketsa€”has been remarkable since the currency crisis of 1997a€“98. East Asia is now a major player in international finance, providing serious competition to the more traditional financial centers of London and New York. Financial Sector Development in the Pacific Rim provides a rich collection of theoretical and empirical analyses of the growing capital markets in the region. Bringing together authors from various East Asian and Pacific nations, this volume examines the institutional factors influencing financial innovation, the consequences of financial development, widespread consolidation occurring through mergers and acquisitions, and the implementation of policy reform. Financial Sector Development in the Pacific Rim offers the comparative analysis necessary to answer broad questions about economic development and the future of Asia.The position in income statements declined simply because credit card companies were required to set aside more ... Already in deep trouble in repaying monthly bills, a significant portion of credit card debtors managed to avoid falling into ... Bertola, G., R. Disney, and C. Grant. ... Personal bankruptcy: A literature review.

Title:Financial Sector Development in the Pacific Rim
Author: Takatoshi Ito, Andrew K. Rose
Publisher:University of Chicago Press - 2009-05-15

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