Financial Intermediation in East Asia : What Has Changed?

• Enya, Masahiro

Bibliographic Information

Other Title

• 東アジアの金融仲介 : 何が変わったか?
• ヒガシアジア　ノ　キンユウ　チュウカイ　ナニガ　カワッタカ

Abstract

The purposes of this paper are to detect changes in the pattern of financial intermediation through the flow of funds data in Korea, Taiwan and Thailand, and to examine how these changes influence the finance-real linkages. The patterns of financial intermediation have changed since 2000 in East Asia. In the 1990s, they had two aspects: bank centred financial system and corporate focused lending. However, since the 2000s, banks have changed from corporate focused lending to household focused lending. We find financial disintermediation in the business sector and financial diversification in the individual and business sectors. We also find that the process of these changes vary among economies. While these changes might weaker financial-real linkage through the bank lending channel, they might enhance the linkage through the interest rate channel.

Journal

• International Public Policy Studies

  International Public Policy Studies 16 (1), 53-69, 2011-09

  大阪大学大学院国際公共政策研究科

Keywords

• 金融仲介
• 東アジア
• 資金循環
• 家計向け貸出
• 家計負債
• Financial Intermediation
• East Asia
• Flow of Funds
• Household Credit
• Household Debt

Details

• CRID: 1050581168905021184
• NII Article ID: 40019025386
• NII Article ID: 120004853155
• NII Book ID: AA1115271X
• HANDLE: 11094/23033
• NDL BIB ID: 11265622
• ISSN: 13428101
• Web Site: https://ndlsearch.ndl.go.jp/books/R000000004-I11265622
• Text Lang: ja
• Article Type: departmental bulletin paper
• Data Source:
  • IRDB
  • NDL
  • CiNii Articles
  • KAKEN