Asian Financial crises

Chapter 22 Banking Fragility, Effectiveness, and Regulation in Less-Developed Countries

International Monetary Fund
Published Date:
January 2001
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    Banks in less-developed countries can offer borrowers a stable source of loans, deposits secure from loss, and competitive provision of financial services. These objectives can be achieved by a regulatory system based on adequate required capital and structured early intervention and resolution that permits unrestrained entry and costless (to taxpayers) exit of domestic and foreign banks.

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