Financial System Stability, Regulation, and Financial Inclusion (eBook)

ADB Institute, Japan Financial Services Agency, International Monetary Fund Regiona (Herausgeber)

eBook Download: PDF

2015
XVII, 122 Seiten
Springer Japan (Verlag)
978-4-431-55254-3 (ISBN)

Infos

Financial authorities face a number of key challenges, including maintaining financial stability; ensuring long-term finance for stable economic growth; promoting greater access to financial services for both households and small and medium-sized enterprises (SMEs); and fostering a competitive financial industry. Access to finance for SMEs is particularly important, given their large shares in economic activity and employment in Asian economies. Striking the appropriate balance in achieving these objectives through financial supervision and regulation is an important policy issue for financial regulators. This book is the record of a joint conference in 2014 organized by the Asian Development Bank Institute; Financial Services Agency, Japan; and International Monetary Fund Regional Office for Asia and the Pacific on the topic of financial system stability, regulation, and financial inclusion. Participants included noted scholars, policymakers, and financial industrial participants from Asia.

 

ADB Institute

The ADB Institute, located in Tokyo, is the think tank of the Asian Development Bank. Its mission is to identify effective development strategies and improve development management in ADB's developing member countries.

 

Financial Services Agency, Japan

The Financial Services Agency, Japan is responsible for ensuring the stability of Japan's financial system, the protection of depositors, insurance policyholders and securities investors, and smooth finance through such measures as planning and policymaking.

 

International Monetary Fund Regional Office for Asia and the Pacific

The International Monetary Fund Regional Office for Asia and the Pacific contributes to economic surveillance and research, leads the IMF's involvement in regional cooperation, manages regional capacity building programs, and promotes the understanding and two-way dialogue of the IMF in the region.

Inhalt

Preface 6
Contents 8
About the Authors 9
Abbreviations 17
Welcoming Remarks 18
Session 1: Financial System Stability and Competition in the Financial Industry 21
Address by Session Chair 21
Financial System Stability and Competition: Do They Complement or Clash? 22
Motivation 22
Evidence 24
TBTF: Are Current Reforms Sufficient? 26
Where Should Competition Policy Head? 28
Conclusion 28
Navigating the Financial Regulator’s Impossible Trinity 29
Comments to Session 1 34
Competition and Stability Are Two Important Policy Objectives 34
Financial Deregulation and Financial System Crisis 35
Regulations Are Evolving 35
Supervision Is also Changing 36
What Is Most Important Is the Self-Discipline of Bank Managers 37
Deposit Guarantee Scheme and Resolution Fund as a Backstop 37
Shadow Banking Sector 37
Conclusion 37
Current Regulatory Environment 38
Strategies for Financial Institutions 39
Our Views on Our Competition 39
Open Floor Discussion 42
References 46
Keynote Speech: Current Situation, Challenges and Future of Regional Finance in Japan 47
Present Situation of Japan’s Regional Finance 47
Challenges for Regional Finance 50
Future of Regional Finance 53
Session 2: Finance to SMEs through Banks, Capital Markets and Other Financial Methods 57
Address by Session Chair 57
Is Finance a Binding Constraint for SME Participation in Trade? 58
Finance to Small and Medium-Sized Enterprises in Japan and Asia 65
Comments to Session 2 71
Open Floor Discussion 80
References 83
Session 3: Financial Inclusion and Financial Education 84
Address by Session Chair 84
Financial Education and Financial Inclusion 85
Developments of Financial Education in Japan 90
Financial Stability and Financial Inclusion 92
Financial Stability and Financial Inclusion (contd) 97
Comments to Session 3 99
Open Floor Discussion 107
References 109
Session 4: Panel Discussion: Finance to Ensure Asia’s Economic Growth 110
Address by Session Chair 110
Unlocking the Small and Medium-Sized Enterprises’ Potential to Promote Financial Inclusion and Susta 111
Presentations by Panelists 116
Asia Will Continue to Be the Growth Center in the Next Few Years 123
Asia Will Continue to Demand Resources to Sustain Its Growth Momentum and Investment Growth Will Remain Robust 125
Financing Asia’s Growth 125
The Middle-Income Trap 126
Strengthening the Financial System to Support Development Beyond the Middle-Income Trap 127
Financial Inclusion/Education 128
Impact of Basel III on Credit Growth of Banks Will Be Significant in Asia at a Time When Credit Is Vital 129
Open Floor Discussion 132
Closing Remarks 135

Produkt-Details

• Erscheint lt. Verlag: 14.1.2015
• Reihe/Serie: ADB Institute Series on Development Economics
• Reihe/Serie: ADB Institute Series on Development Economics
• Zusatzinfo: XVII, 122 p. 38 illus.
• Verlagsort: Tokyo
• Sprache: englisch
• Themenwelt: Wirtschaft ► Betriebswirtschaft / Management ► Finanzierung
• Themenwelt: Wirtschaft ► Betriebswirtschaft / Management ► Unternehmensführung / Management
• Themenwelt: Wirtschaft ► Volkswirtschaftslehre ► Finanzwissenschaft
• Themenwelt: Wirtschaft ► Volkswirtschaftslehre ► Makroökonomie
• Schlagworte: Financial Competition • Financial Education • Financial Inclusion • Financial stability • SMEs
• ISBN-10: 4-431-55254-5 / 4431552545
• ISBN-13: 978-4-431-55254-3 / 9784431552543