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Post-Crisis Changes in Banking and Corporate Landscapes in Dynamic Asia

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  • Margit Molnar

Abstract

This study investigates the changing relations between banks and their business customers in selected Asian emerging economies. These changes are manifest in declining bank lending growth and can be attributed to three major driving forces: cyclical factors, the fallout from the 1997 Asian crisis and structural factors affecting both the supply of and demand for bank credit. In response to declining lending growth and profits, banks have been diversifying their customer base and scope of activities. Alternative strategies to restore profitability and stay afloat in the global competition arena are consolidation and branching overseas. Faced with more stringent bank lending conditions in some cases, and seeking to reduce their debt loads, larger firms have been turning to capital markets as part of an effort to diversify their sources of funding. The measures taken by banks and firms to recover from the crisis and the 2001 downturn can be considered effective, but not sufficient to ... Les changements après la crise dans le paysage des banques et des entreprises en Asie dynamique Cette étude analyse les relations changeantes entre les banques et leurs clients dans certaines économies émergentes d’Asie. Ces changements sont manifestes dans le déclin de la croissance des prêts et peuvent être attribué à trois facteurs majeurs : des facteurs cycliques, les retombées de la crise asiatique de 1997 et des facteurs structurels affectant l’offre et la demande du crédit bancaire. En réponse au déclin de la croissance des prêts et des profits, les banques ont diversifié leurs champs de clientèle et d’activités. Les stratégies alternatives pour restaurer la rentabilité et rester à flot dans le contexte global de compétition sont la consolidation et l’extension à l’étranger. Confrontées à des conditions de prêts bancaires plus rigoureuses dans certains cas, et cherchant à réduire la charge de leurs dettes, les grandes firmes se sont tournées vers les marchés de capitaux comme un effort pour diversifier leurs sources de financement. Les mesures prises par les banques et ...

Suggested Citation

  • Margit Molnar, 2003. "Post-Crisis Changes in Banking and Corporate Landscapes in Dynamic Asia," OECD Economics Department Working Papers 362, OECD Publishing.
  • Handle: RePEc:oec:ecoaaa:362-en
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    File URL: http://dx.doi.org/10.1787/235437184066
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    Cited by:

    1. Pasiouras, Fotios & Gaganis, Chrysovalantis & Zopounidis, Constantin, 2010. "Multicriteria classification models for the identification of targets and acquirers in the Asian banking sector," European Journal of Operational Research, Elsevier, vol. 204(2), pages 328-335, July.
    2. Williams, Jonathan & Nguyen, Nghia, 2005. "Financial liberalisation, crisis, and restructuring: A comparative study of bank performance and bank governance in South East Asia," Journal of Banking & Finance, Elsevier, vol. 29(8-9), pages 2119-2154, August.

    More about this item

    Keywords

    Asia; Asie; banking behaviour; comportement banquier; corporate financing policy; financial markets; marchés financiers; politique de financement des entreprises; restructuration; restructuring;

    JEL classification:

    • E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G31 - Financial Economics - - Corporate Finance and Governance - - - Capital Budgeting; Fixed Investment and Inventory Studies
    • G34 - Financial Economics - - Corporate Finance and Governance - - - Mergers; Acquisitions; Restructuring; Corporate Governance
    • O53 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Asia including Middle East

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