Breaking the cycle
Article Abstract:
Asian banks have been remarkably profitable for the past 10 years, except in Japan and, in some ways, S Korea, and they remain strong, but show signs of believing a downturn can never come. In fact, despite combined-capital ratios well over 10%, banks in Jakarta and Taipei are vulnerable to the same forces that are devastating Japan's banks. The region is making a transition to other sources of capital, as well as to increased privatization and a reliance on profit rather than taxpayers, at last matching responsibility with risk.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1995
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The plot sickens
Article Abstract:
The Thai baht has been devalued and foreign reserves have been lost seeking to defend previous levels that were not feasible. The Bank of Thailand announced a flotation on Jul 2 1997. Interest rates have been kept high to help the baht. The bank may also be going back on a commitment to help Finance One and 16 finance companies in difficulties. Offshore payments could be delayed which would hit Asian bond markets generally. The Philippines has already been hit by Thailand's economic problems.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1997
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