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_aAEA _cAEA _erda |
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_aHC 411 _b.T27 2006 |
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100 |
_aTerada-Hagiwara, Akiko _998313 |
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245 | 0 |
_aExperience of crisis-hit Asian Countries : _bdo asset management companies increase moral hazard? / _cAkiko Terada-Hagiwara and Gloria Pasadilla |
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264 |
_aMakati City : _bPhilippine Institute for Development Studies, _c2006 |
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300 |
_av, 41 pages : _billustrations ; _c23 cm. |
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336 |
_atext _2rdacontent |
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337 |
_aunmediated _2rdamedia |
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_avolume _2rdacarrier |
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520 | _aThis 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. | ||
650 |
_aBank loans _zAsia _2sears _998314 |
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650 |
_aBank management _zAsia. _2sears _998315 |
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650 |
_aFinancial crises _zAsia _2sears _998218 |
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700 |
_aPasadilla, Gloria. _998316 |
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942 | _cPIDS | ||
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_c67751 _d67751 |