Banking and Economic Rent in Asia: Rent Effects, Financial Fragility, and Economic Development (Routledge International Studies in Money and Banking) - Softcover

Softcover

ISBN 10: 0367350564 ISBN 13: 9780367350567

Publisher: Routledge, 2019

Synopsis

A 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.

By drawing on the theoretical framework of the financial restraint model, this book analyses financial sectors’ rents or bank rents and their effects on banks’ performance and stability, and presents evidence on the relationship between rent and incentive through case studies of both developed and developing countries.

About this title

About the Author

Yasushi Suzuki is Professor at Ritsumeikan Asia Pacific University, Japan.

Mohammad Dulal Miah is Assistant Professor at the University of Nizwa, Oman.

Manjula K. Wanniarachchige is a Senior Lecturer at the University of Ruhuna, Sri Lanka.

S. M. Sohrab Uddin is Professor at the University of Chittagong, Bangladesh.

Edition details

• Publisher: Routledge
• Publication date: 2019
• Language: English
• ISBN 10: 0367350564
• ISBN 13: 9780367350567
• Binding: Paperback
• Edition number: 1
• Number of pages: 216
• Editor: Suzuki Yasushi