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Financial Turmoil in the Banking Sector and the Asian Lamfalussy Process: The Case of Four Economies

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  • Chen-Min Hsu
  • Chih-Feng Liao

Abstract

This paper investigates the prevailing financial regulatory structures and impact of the current financial turmoil on banking performance in four Asian economies: the People's Republic of China (PRC); Hong Kong, China; Singapore; and Taipei,China. Both the PRC and Hong Kong, China operate under a fragmented financial regulatory structure, while Singapore and Taipei,China have integrated structures. We examine the role of an integrated financial regulatory structure in helping financial institutions mitigate the impact of the financial crisis, using financial indicators of banks’ capital structure and operating performance in these four economies between 2003 and 2008. [ADBI Working Paper 221]

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  • Chen-Min Hsu & Chih-Feng Liao, 2010. "Financial Turmoil in the Banking Sector and the Asian Lamfalussy Process: The Case of Four Economies," Working Papers id:3121, eSocialSciences.
    • Handle: RePEc:ess:wpaper:id:3121
    Note: Institutional Papers
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    References listed on IDEAS

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    1. Zdenek Kudrna, 2009. "The EU Financial Market Policy: Evolution, Innovation and Research Outlook," Working Papers of the Vienna Institute for European integration research (EIF) 4, Institute for European integration research (EIF).
    2. Erlend Nier, 2009. "Financial Stability Frameworks and the Role of Central Banks: Lessons From the Crisis," IMF Working Papers 2009/070, International Monetary Fund.
    3. Masciandaro, Donato, 2009. "Politicians and financial supervision unification outside the central bank: Why do they do it?," Journal of Financial Stability, Elsevier, vol. 5(2), pages 124-146, June.
    4. Donato Masciandaro & Marc Quintyn (ed.), 2007. "Designing Financial Supervision Institutions," Books, Edward Elgar Publishing, number 12684.
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    Cited by:

    1. Morgan, Peter J. & Lamberte , Mario, 2012. "Strengthening Financial Infrastructure," ADBI Working Papers 345, Asian Development Bank Institute.
    2. David G. Mayes & Peter J. Morgan, 2012. "The Global Financial Crisis and its Implications for Financial Sector Reform and Regulation in Asia," Chapters, in: Masahiro Kawai & David G. Mayes & Peter Morgan (ed.), Implications of the Global Financial Crisis for Financial Reform and Regulation in Asia, chapter 1, Edward Elgar Publishing.

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    Keywords

    financial; People's Republic of China; Hong Kong; China; Singapore;
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