Banking reform in India and China
By: by Lawrence Sáez
Edition: 1st ed
Publisher: Palgrave Macmillan
Published: 2004
Place of publication: New York
Language: eng
Number of pages: 144
Subjects: Banks and banking -- India; Banks and banking -- China
Description: "China and India were largely unaffected by the contagion effects of the 1997 East Asian crisis, although it did prompt the Chinese and Indian governments to start a process of banking reform in order to prevent a banking crisis from taking place. This reform process has been hindered by the fact that the banking system in each country remains under a substantial level of state ownership. Banking Reform in India and China is a critical analysis of the efforts these two countries have taken and where that reform currently stands, providing a detailed account of the existing institutional framework of India and China's financial and banking systems.

Lawrence Saez especially emphasizes the role that foreign banks and newly-created private banks can play in providing adequate competition to the state-owned banking system. Citing fundamental institutional weakness in corporate governance, state-owned banking rehabilitation, and central bank independence, Saez argues that the inability by China and India to solve these structural problems could lead to a devastating banking crisis."--Jacket.
Notes: Includes bibliographical references (p. [123]-137) and index