Weathering the Asian Financial Crisis: China's Economic Strengths, Weaknesses, and Survivability

Sharma, Shalendra D.
November 2000
Issues & Studies;Nov/Dec2000, Vol. 36 Issue 6, p80
Academic Journal
The Chinese economy has shown a remarkable resemblance to those of pre-crisis Thailand, Indonesia, South Korea, and Malaysia--being characterized by an asset bubble, high reliance on banking intermediation, poor prudential supervision, and financial system fragility. Yet, China defied common predictions and did not succumb to the financial crisis. What explains China's ability to withstand a major region-wide financial crisis? This study addresses this complex question and also elaborates on the reform measures China must implement in order to avoid being affected by future financial crises.


Related Articles

  • Comment on INTERNATIONAL BANKING: A SURVEY. Goodman, Laurie S. // Journal of Money, Credit & Banking (Ohio State University Press);Nov84 Part 2, Vol. 16 Issue 4, p678 

    Professor Aliber's survey is the first of this kind in the international banking literature. Although his summary and critical evalutaion of a large number of articles is very interesting, the paper lacks an overall conceptional framework. The development of such a framework was impeded by two...

  • Getting it Right: Prudential Regulation and Competition in Banking.  // Economic Policy Reforms;2010, p199 

    Stability and competition are both desirable features of a well-functioning banking sector. The importance of banking sector stability has been highlighted by the recent financial crisis, while gains from competition, in terms of efficient financial intermediation and access of firms and...

  • The line between bank and outsourcer blurring. Teixeria, Diogo // American Banker;9/09/96 Supplement, Vol. 161, p16A 

    Recommends a redefinition of banking to include an industry that aims to create bank products and services. Disintermediation; Functional disaggregation; Banks' dependence on their suppliers; Nonbanks' handling of bank products; Implications of the disaggregative trend in banking.

  • Diamond and Dybvig's Classic Theory of Financial Intermediation: What's Missing? Green, Edward J.; Lin, Ping // Quarterly Review (02715287);Winter2000, Vol. 24 Issue 1, p3 

    Argues on the classic theory of financial intermediation developed by Douglas Diamond and Philip Dybvig. Key ingredients of an actual banking system; Conclusions.

  • Bank's capital structure under non-diversifiable risk. Sakuragawa, Masaya // Economic Theory;2002, Vol. 20 Issue 1, p29 

    The aim of this paper is to study the design of optimal capital structure of a "large" intermediary when the intermediary faces a non-diversifiable risk, within the standard costly-state-verification (CSV) model. I demonstrate that, under weaker conditions, a "large" intermediary realizes more...

  • EVALUATING THE PERFORMANCE OF COMMERCIAL BANKS IN INDIA. Malhotra, D. K.; Poteau, Raymond; Singh, Rahul // Asia Pacific Journal of Finance & Banking Research;Jun2011, Vol. 5 Issue 5, p15 

    In this paper, we analyze the performance of commercial banks in India during the period 2005 to 2009. This period covers the pre-credit crisis and the crisis time period. Specifically, the paper examines the behavior of profitability, cost of intermediation, efficiency, soundness of the banking...

  • STUDY ON BANKING SYSTEM IN ROMANIA. SÎRBULESCU, CLAUDIA; PÎRVULESCU, LUMINIȚA; IANCU, T.; SÎRBU, CORINA // Agricultural Management / Lucrari Stiintifice Seria I, Managemen;2014, Vol. 16 Issue 3, p34 

    The paper includes an analysis of the banking system in Romania. The banking sector in Romania financed mostly Romanian economy, providing the bulk of the total funding awarded by the Romanian financial system. The banking system has proven resilient during the crisis, continuing to provide...

  • Can banks individually create money out of nothing? — The theories and the empirical evidence. Werner, Richard A. // International Review of Financial Analysis;Dec2014, Vol. 36, p1 

    This paper presents the first empirical evidence in the history of banking on the question of whether banks can create money out of nothing. The banking crisis has revived interest in this issue, but it had remained unsettled. Three hypotheses are recognised in the literature. According to the...

  • INTRODUCTION. Jeffers, Esther; Mistral, Jacques // Revue d'Économie Financière;mar2012, Vol. 105, p9 

    No abstract available.


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics