Chapter 13

Comparative Financial Development in Asia-Pacific Since the Asia Crisis

Kym Brown, Jonathan A. Batten, Michael Skully and Yen N. Nguyen,    Department of Banking and Finance, 900 Dandenong Road, Caulfield East, Victoria 3145, Australia    E-mail:


Since the 1997 financial crisis many East Asian economies attempted to realign their financial systems to prevent future crises and establish financial mechanisms to better sustain long-term development. This chapter examines the financial system development of select Asia-Pacific countries from before the Asian financial crisis to the present. We highlight the growth of the Chinese financial ...

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