Experience of crisis-hit Asian Countries : do asset management companies increase moral hazard? / Akiko Terada-Hagiwara and Gloria Pasadilla

By:

Terada-Hagiwara, Akiko

Contributor(s):

Pasadilla, Gloria

Material type: Text

TextMakati City : Philippine Institute for Development Studies, 2006Description: v, 41 pages : illustrations ; 23 cmContent type:

text

Media type:

unmediated

Carrier type:

volume

ISBN:

9715640842

Subject(s):

LOC classification:

HC 411 .T27 2006

Summary: This paper examines the performances of Asian asset management companies (AMCs). The analysis reveals that the AMCs vary significantly in their design and performances. The authors claim that AMCs can trigger moral hazard-inspired bank lending, especially when the mode of transfer of nonperforming loans (NPLs) from banks to AMCs entails little cost to banks. The new centralized AMC, the Thai Asset Management Company (TAMC), on the other hand, decreased the new NPL ratio, suggesting that TAMC provokes no adverse moral hazard effect on financial institutions. In addition, they find that the same institutional consideration significantly decreases new NPL in foreign banks and finance companies.

Tags from this library: No tags from this library for this title. Log in to add tags.

Average rating: 0.0 (0 votes)

Holdings
Item type	Current library	Call number	Status	Barcode
Philippine Institute for Development Studies	Aklatang Emilio Aguinaldo-Information Resource Center	HC 411 .T27 2006 (Browse shelf(Opens below))	Available	3PIDS000000129
Philippine Institute for Development Studies	Aklatang Emilio Aguinaldo-Information Resource Center	HC 411 .T27 2006 (Browse shelf(Opens below))	Available	3PIDS000000130
Philippine Institute for Development Studies	Aklatang Emilio Aguinaldo-Information Resource Center	HC 411 .T27 2006 (Browse shelf(Opens below))	Available	3PIDS000000131

Browsing Aklatang Emilio Aguinaldo-Information Resource Center shelves Close shelf browser (Hides shelf browser)

Previous								Next
Previous	HC 79.I52 .P27 2001 A review of the components of the Medium-term National Action Agenda for Productivity (MNAAP) 2000-2004 /	HC 411 .T27 2006 Experience of crisis-hit Asian Countries : do asset management companies increase moral hazard? /	HC 411 .T27 2006 Experience of crisis-hit Asian Countries : do asset management companies increase moral hazard? /	HC 411 .T27 2006 Experience of crisis-hit Asian Countries : do asset management companies increase moral hazard? /	HC 430.5 .Au79 2003 The Philippines in the global trading environment : looking back and the challenges ahead /	HC 430.5 .Au79 2003 The Philippines in the global trading environment : looking back and the challenges ahead /	HC 437.I5 .L770 2004 Infrastructure development : experience and policy options for the future /	Next

This paper examines the performances of Asian asset management companies (AMCs). The analysis reveals that the AMCs vary significantly in their design and performances. The authors claim that AMCs can trigger moral hazard-inspired bank lending, especially when the mode of transfer of nonperforming loans (NPLs) from banks to AMCs entails little cost to banks. The new centralized AMC, the Thai Asset Management Company (TAMC), on the other hand, decreased the new NPL ratio, suggesting that TAMC provokes no adverse moral hazard effect on financial institutions. In addition, they find that the same institutional consideration significantly decreases new NPL in foreign banks and finance companies.

There are no comments on this title.

to post a comment.

	DBB-B, City of Dasmariñas, Cavite, Philippines 4115
	Manila: +63 (02) 8779.5180 loc 3308
	Library Direct Cavite Line: +63 (046) 481.1932 loc 3308
	hslrc@dlsud.edu.ph
	https://hslrc.dlsud.edu.ph

	Online Resources
	De La Salle University-Dasmariñas
	Aklatang Emilio Aguinaldo - IRC
	Aklatang Emilio Aguinaldo - IRC (Main Website)
	Senior High School