Loading...
Please wait, while we are loading the content...
Similar Documents
Taipei,China's Banking Problems: Lessons from the Japanese Experience
| Content Provider | Asian Development Bank |
|---|---|
| Author | Montgomery, Heather |
| Spatial Coverage | People's Republic of China |
| Description | The economy of Taipei,China weathered the Asian financial crisis of 1997 remarkably well. While many other Asian economies slipped into recession in 1998, Taipei,China maintained a moderate growth rate of 4.83%1 (Ding and Yeh 2001). The current account balance remained positive and the central bank maintained ample foreign reserves. Although the NT dollar has lost some strength since 1999, the currency faced nothing like the devaluations experienced in crisis-hit Asian countries. Neither financial institutions nor firms in Taipei,China face the maturity and currency .double mismatch. |
| File Format | |
| Language | English |
| Publisher | Asian Development Bank |
| Publisher Date | 2002-09-01 |
| Access Restriction | Open |
| Subject Keyword | Finance sector development Economics Finance Financial crisis Asian financial crisis Growth rate Currency Financial institutions Financial firms Banking Banking systems Banking sector Prc China Papers and Briefs |
| Content Type | Text |
| Resource Type | Article |
