This paper addresses the questions related to the cost of China＇s bank restructuring and how it has been financed. We first propose a framework for recognizing losses. Then, we examine the recent major moves by the C...This paper addresses the questions related to the cost of China＇s bank restructuring and how it has been financed. We first propose a framework for recognizing losses. Then, we examine the recent major moves by the Chinese Government to repair the country. ＇s bank balance sheets. Finally, we explore the implications of the Chinese Government＇s methods offunding bank restructuring. We find that the Chinese Government has been decisive in confronting the costly task of bank restructuring. So far, Chinese taxpayers have paid most of the bill for bank restructuring.展开更多
After the 2001 economic crisis, the banking sector restructuring program （BSRP） has been designed for the establishment of a stronger financial framework and the improvement of competition in the Turkish banking sec...After the 2001 economic crisis, the banking sector restructuring program （BSRP） has been designed for the establishment of a stronger financial framework and the improvement of competition in the Turkish banking sector. The program constitutes the policies for solving specific problems such as the mismanaged assets of some banks and the recovery of regulating and supervising of the sector. This study aims to analyze the efficiency and productivity changes in the Turkish banking sector during 2002-2009. During this period the Banking Sector Restructuring Program has been applied. The data envolepment analysis （DEA） is conducted for the efficiency measurement under the production and intermediation approaches and it is observed that the efficiency of banks increased for both approaches. The mean efficiency values for the intermediation approach are higher than the values for the production approach, indicating a better functioning in financial intermediation as compared to their operational performance. The Malmquist index based on the intermediation approach is calculated to determine the productivity of the banking sector. It is observed that the productivity of banks increased during the period and the increase resulted mainly from investments in technology.展开更多
New private banks are being established, according to Shang Fulin, Chairman of the China Banking Regulatory Commission （CBRC）. Speaking at an annual conference of city commercial banks held in Nanchang, Jiangxi Prov...New private banks are being established, according to Shang Fulin, Chairman of the China Banking Regulatory Commission （CBRC）. Speaking at an annual conference of city commercial banks held in Nanchang, Jiangxi Province, on September 22-23. Shang said that this year, the CBRC has completed feasibility studies of 14 prospective banks-three have been approved so far.展开更多
文摘This paper addresses the questions related to the cost of China＇s bank restructuring and how it has been financed. We first propose a framework for recognizing losses. Then, we examine the recent major moves by the Chinese Government to repair the country. ＇s bank balance sheets. Finally, we explore the implications of the Chinese Government＇s methods offunding bank restructuring. We find that the Chinese Government has been decisive in confronting the costly task of bank restructuring. So far, Chinese taxpayers have paid most of the bill for bank restructuring.
文摘After the 2001 economic crisis, the banking sector restructuring program （BSRP） has been designed for the establishment of a stronger financial framework and the improvement of competition in the Turkish banking sector. The program constitutes the policies for solving specific problems such as the mismanaged assets of some banks and the recovery of regulating and supervising of the sector. This study aims to analyze the efficiency and productivity changes in the Turkish banking sector during 2002-2009. During this period the Banking Sector Restructuring Program has been applied. The data envolepment analysis （DEA） is conducted for the efficiency measurement under the production and intermediation approaches and it is observed that the efficiency of banks increased for both approaches. The mean efficiency values for the intermediation approach are higher than the values for the production approach, indicating a better functioning in financial intermediation as compared to their operational performance. The Malmquist index based on the intermediation approach is calculated to determine the productivity of the banking sector. It is observed that the productivity of banks increased during the period and the increase resulted mainly from investments in technology.
文摘New private banks are being established, according to Shang Fulin, Chairman of the China Banking Regulatory Commission （CBRC）. Speaking at an annual conference of city commercial banks held in Nanchang, Jiangxi Province, on September 22-23. Shang said that this year, the CBRC has completed feasibility studies of 14 prospective banks-three have been approved so far.
