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Banking Sector Internationalisation in Asia

In: Emerging Asia

Author

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  • Sasidaran Gopalan

Abstract

Over the last decade, many emerging Asian economies have been liberalising their financial sectors, including opening up their banking systems to foreign competition. An immediate motivation for the adoption of this policy in countries such as Indonesia, South Korea and Thailand was the possible infusion of much-needed foreign funds that could help recapitalise their banks, following the Asian crisis of 1997–98. Apart from financing issues, however, it is becoming increasingly apparent that foreign competition tends to bring with it additional benefits that may not always result from domestic competition.

Suggested Citation

  • Sasidaran Gopalan, 2011. "Banking Sector Internationalisation in Asia," Palgrave Macmillan Studies in Banking and Financial Institutions, in: Emerging Asia, chapter 10, pages 54-59, Palgrave Macmillan.
    • Handle: RePEc:pal:pmschp:978-0-230-30627-1_10
    DOI: 10.1057/9780230306271_10
    as

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