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Please use this identifier to cite or link to this item: http://hdl.handle.net/2344/111

タイトル: Democratization and Financial Reform in Taiwan: The Political Economy of Bad-Loan Creation
著者: Sato, Yukihito
佐藤, 幸人
キーワード: Taiwan
Issue Date: Sep-2002
出版者: Institute of Developing Economies, JETRO
引用: The Developing Economies 40.3 (2002.9): 226-251
抄録: This study shows that many bad loans now burdening Taiwan's financial institutions are interrelated with the society's democratization which started in the late 1980s. Democratization made the local factions and business groups more independent from the Kuomintang government. They acquired more political influence than under the authoritarian regime. These changes induced them to manage their owned financial institutions more arbitrarily and to intervene more frequently in the state-affiliated financial institutions. Moreover they interfered in financial reform and compelled the government to allow many more new banks than it had originally planned. As a result the financial system became more competitive and the qualities of loans deteriorated. Some local factions and business groups exacerbated the situation by establishing banks in order to funnel funds to themselves, sometimes illegally. Thus many bad loans were created as the side effect of democratization.
URI: http://hdl.handle.net/2344/111
Appears in Collections:01.経済、産業(Economy and Industry)/東アジア(East Asian Studies)
03.The Developing Economies

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