The Role of Governments and Markets in International Banking Crises: The Case of East Asia

54 Pages Posted: 2 Sep 1998

See all articles by James R. Barth

James R. Barth

Auburn University; Milken Institute

Dan Brumbaugh

Milken Institute

Lalita Ramesh

Milken Institute

Glenn Yago

Milken Institute

Date Written: June 28, 1998

Abstract

Throughout the world there have been a large number of significant banking problems in recent years. In East Asia since 1980 there have been varying degrees of banking problems in ten countries: China, Hong Kong, India, Indonesia, Korea, Malaysia, the Philippines, Singapore, Taiwan, and Thailand. Our goal in this paper is to try to explain what caused the recent difficulties and to suggest ways to prevent future problems. In doing so, we specifically focus on the banking crises in the region and attempt to explain what they have in common with other banking crises around the globe, including those in countries like the United States, with the most well-developed financial systems in the world. An important element in understanding these issues is assessing the appropriate mix of government intervention and market forces in designing a national financial system in a global marketplace.

JEL Classification: G1, G2, F3

Suggested Citation

Barth, James R. and Brumbaugh, Dan and Ramesh, Lalita and Yago, Glenn, The Role of Governments and Markets in International Banking Crises: The Case of East Asia (June 28, 1998). Available at SSRN: https://ssrn.com/abstract=117608 or http://dx.doi.org/10.2139/ssrn.117608

James R. Barth

Auburn University ( email )

415 West Magnolia Avenue
Auburn, AL 36849
United States
334-844-2469 (Phone)
334-844-4960 (Fax)

Milken Institute ( email )

1250 Fourth Street
Santa Monica, CA 90401
United States

Dan Brumbaugh

Milken Institute ( email )

1250 Fourth Street
Santa Monica, CA 90401
United States
650-853-0317 (Phone)
310-998-2625 (Fax)

Lalita Ramesh (Contact Author)

Milken Institute ( email )

1250 Fourth Street
Santa Monica, CA 90401
United States
310-998-2647 (Phone)
310-998-2625 (Fax)

Glenn Yago

Milken Institute ( email )

1250 Fourth Street
Santa Monica, CA 90401
United States
310-998-2640 (Phone)
310-998-2625 (Fax)

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