Search Results

You are looking at 1 - 10 of 167 items for :

  • "joint-stock bank" x
Clear All
Jihad Dagher
Financial crises are traditionally analyzed as purely economic phenomena. The political economy of financial booms and busts remains both under-emphasized and limited to isolated episodes. This paper examines the political economy of financial policy during ten of the most infamous financial booms and busts since the 18th century, and presents consistent evidence of pro-cyclical regulatory policies by governments. Financial booms, and risk-taking during these episodes, were often amplified by political regulatory stimuli, credit subsidies, and an increasing light-touch approach to financial supervision. The regulatory backlash that ensues from financial crises can only be understood in the context of the deep political ramifications of these crises. Post-crisis regulations do not always survive the following boom. The interplay between politics and financial policy over these cycles deserves further attention. History suggests that politics can be the undoing of macro-prudential regulations.
International Monetary Fund

-owned commercial banks (accounting for 82 percent of total bank assets), 51 joint-stock banks, whose shareholders include state-owned enterprises and private entities (accounting for 10 percent of total assets), and 23 branches of foreign banks and four joint-venture banks (together accounting for 8 percent of total assets). 3 Total bank assets were equivalent to 38 percent of GDP at end-1998, total loans to 22 percent, and total deposits for 20 percent, indicating a relatively low degree of monetization of Vietnam’s economy. 9. As in other transition economies, the problems

International Monetary Fund

-2000 II.3 Outstanding FDI Commitments, 1994-98 III. Banking Reform A. Economic Setting B. Nature and Scope of Problems C. Reforms Since 1998 D. Approach to Banking Reform Text Tables III.1 Composition and Growth of Credit, 1994-98 III.2 Open Foreign Currency Positions of Commercial Banks, 1994, 1994-98 III.3 Foreign Currency Lending of Commercial Banks, 1994-98 III.4 Bank Soundness Indicators, 1994-98 III.5 Capital Adequacy of State-Owned Commercial Banks, 1998 Boxes III.1 Summary of Restructuring Plan for the Joint-Stock Banks