TY - BOOK TI - Rising to the challenging in Asia: : a study of financial markets SN - 9715612326 U1 - 338.950 PY - 1999/// CY - Philippines PB - Asian Devlopment Bank KW - Asian Development Bank KW - International finance KW - Money market. Capital market N1 - Volume 1 An overview. Volume 2 Special issues. Volume 3 Sound practices. Volume 4 People's Republic of China. Volume 7 Republic of Korea. Volume 12 Socialist Republic of Viet Nam; Includes acronyms and abbreviations; INTRODUCTION MACROECONOMIC POLICY MANAGEMENT PRIOR AND DURING THE 1991 CRISIS, AND IMPLICATIONS The Crisis of 1990/91 Causes of the Crisis Policy Response and Implications for India's Approach Toward Further Liberalization in the 1990s OVERVIEW OF MACROECONOMIC MANAGEMENT AND THE LIBERALIZATION PROCESS Macroeconomic Management in the 1990s Overview of Timing and Sequencing of the Liberalization Process Since 1991 Assessment of Timing and Sequencing of Liberalization Process ASSESSMENT OF THE DEGREE OF GLOBALIZATION OF THE ECONOMY AND POLICY OF GRADUAL LIBERALIZATION Degree of Globalization Assessment of Gradualist Reform Policy Policy of Gradual Liberalization COORDINATION OF FISCAL AND MONETARY POLICIES POLICY RECOMMENDATIONS FOR MACROECONOMIC MANAGEME^JT The Role of the Government: Between Intervention and Free Markets Keeping the Economy Close to the Noninflationary Potential Growth Rate Boosting the Noninflationary Potential Growth Rate Dealing with the World ACTUAL POLICY RESPONSES TO THE FINANCIAL AND CURRENCY CRISIS IN ASIA Comparison of Key Macro Features Between India and Affected Asia Overall Impact of the Asian Financial Crisis on India Policy Response to the Asian Crisis APPENDIXES NOTES REFERENCES The Indian Banking Sector: On the Road to Progress G. H. Deolalkar OVERVIEW OF BANKING AND FINANCIAL INSTITUTIONS The Banking Sector Financial Structure Reserve Bank of India and Banking and Financial Institutions Magnitude and Complexity of the Banking Sector POLICY ISSUES IN THE BANKING SECTOR The Nonperforming Asset Problem Disclosure, Accounting Framework, and Supervision Regulatory Issues Asset Liability Management Function of Bank Capital Mergers and Recapitalization Restructuring Commission for Weak Banks Operational Efficiency Autonomy and Governance Bank Computerization Importance of Branches Credit Delivery System Human Resources Issues in Banking Priority Sectors Rural Banking Nonbanking Financial Companies Factoring Services POLICY RECOMMENDATIONS Nonperforming Asset Management Disclosure, Accounting Framework, and Supervision Regulation and Supervision Asset Liability Management Capital Adequacy Mergers and Recapitalization Bank Restructuring Operational Efficiency Autonomy and Governance Human Resources Development Reduction in the Priority Sector Loans Rural Banking Nonbanking Financial Cor ies Factoring Services External Sector Capital Account Convertibility vs. Banking Sector Vulnerability ' Universal Banking Money Market NOTES Indian Capital Market: Recent Developments and Policy Issues Yoon Je Cho INTRODUCTION CAPITAL MARKET REFORMS AND DEVELOPMENTS Reforms in the Capital Market Stock Market Risk Management System Stock Lending Introduction of Derivatives Trading Institutional Investors POLICY ISSUES Regulatory Framework Stock Market Transaction Costs in the Secondary Market Debt Market Investors POLICY RECOMMENDATIONS Market Infrastructure Improvement Improvement of Corporate Govemance Environment f Reduction of Cost of Capital Issue Activation of the Debt Market « Integration of Stock Exchanges and Consolidation of Intermediaries Risk Management Integration of the Capital Market with the Banking Sector APPENDIXES NOTES REFERENCES ER -