The Financial Systems of Financially Less Developed Asian Economies: Key Features and Reform Priorities
Batten, Aaron; Doung, Poullang; Enkhbold, Enerelt; Estrada, Gemma; Hansen, Jan; Luarsabishvili, George; Mortaza, Md. Golam; Park, Donghyun | September 2015
Abstract
This paper examines the key features and reform priorities of the financial systems in Bangladesh, Cambodia,
Georgia, Mongolia, and Papua New Guinea. All are low-income and lower-middle-income economies that
have relatively underdeveloped systems heavily dominated by banks and with low levels of access, especially
for the poor. All five countries need good governance in financial institutions and markets. They also face a
difficult tradeoff between promoting economic growth and safeguarding financial stability.
Citation
Batten, Aaron; Doung, Poullang; Enkhbold, Enerelt; Estrada, Gemma; Hansen, Jan; Luarsabishvili, George; Mortaza, Md. Golam; Park, Donghyun. 2015. The Financial Systems of Financially Less Developed Asian Economies: Key Features and Reform Priorities. © Asian Development Bank. http://hdl.handle.net/11540/5145. License: CC BY 3.0 IGO.ISSN
2313-6537 (Print), 2313-6545 (e-ISSN)
Keywords
Economic Development
Regional Economic Development
Public Finance
Financial Stability
Financial Sector Regulation
Regional Economic Integration
Economies in transition
Banks
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