Banking and Economic Rent in Asia

Name: Banking and Economic Rent in Asia
Brand: Taylor & Francis

Taylor & Francis

Banking and Economic Rent in AsiaRent Effects, Financial Fragility, and Economic Development\nAuthor(s): Yasushi Suzuki, Mohammad Dulal Miah, Manjula K. Wanniarachchige, S.M. Sohrab Uddin\nFormat: Hardback\nPublisher: Taylor & Francis Ltd, United Kingdom\nImprint: Routledge\nISBN-13: 9781138675322, 978-1138675322\nSynopsis\nA stable and sound financial system plays a critical role in mediating funds from surplus units to investors, making it a prerequisite for economic development. Financial intermediaries have been vulnerable to adverse changes in the local and global economy and experienced frequent bubble-and-bust episodes historically. Analyses of financial crises reveal that the incentive created by neo-liberal financial principles is inconsistent with stable financial systems, and viable solutions require structuring institutions in a way that incentives are well aligned with the fundamental principles of financial systems.\n\nBy drawing on the theoretical framework of the .