This book is a comprehensive, balanced and realistic assessment of China's financial reform program and future direction. Covering not only the banking sector but also non-bank financial institutions, stock market development and external financial liberalization, the authors examine the impact...

It appears to be common wisdom that the basic cause of Thailand's crisis is its extraordinarily weak financial institutions. The paper questions this proposition from an empirical viewpoint. It is well established that the long-term performance of Thailand's financial system is favorable. The...