Comparing Chinese and Indian Banks and their Socialist versus Capitalist Reforms

Chinese and Indian banks have developed unique characteristics due to their distinctive reform paths and political regimes, yet they share attributes in common with banks of other emerging nations. After decades of reforms, banking systems in both countries remain relatively isolated and protected d...

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Main Author: Priscilla Liang
Format: Article
Language:English
Published: EconJournals 2016-09-01
Series:International Journal of Economics and Financial Issues
Subjects:
Online Access:https://dergipark.org.tr/tr/pub/ijefi/issue/32045/354644?publisher=http-www-cag-edu-tr-ilhan-ozturk
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spelling doaj-bfd7630e9bba446498286655114b5a232020-11-25T01:54:27ZengEconJournalsInternational Journal of Economics and Financial Issues2146-41382016-09-0164131013201032Comparing Chinese and Indian Banks and their Socialist versus Capitalist ReformsPriscilla LiangChinese and Indian banks have developed unique characteristics due to their distinctive reform paths and political regimes, yet they share attributes in common with banks of other emerging nations. After decades of reforms, banking systems in both countries remain relatively isolated and protected due to severe governmental interventions and strict policy directives. These limitations and drawbacks are in sharp contrast to China and India’s present economic status, trade openness, and growth trajectories. This article describes the current status, strengths and weaknesses of Chinese and Indian banks; compares their commonalities and differences side-by-side; and traces banking developments and financial reforms to their particular socialist vs. capitalist political roots. Currently financial reforms are advancing in both countries with an aim to stimulate economic growth, yet their banks are burdened with rising bad debt and nonperforming loans. These article further addresses challenges of these banks and their policy implications.https://dergipark.org.tr/tr/pub/ijefi/issue/32045/354644?publisher=http-www-cag-edu-tr-ilhan-ozturksocialist market economy bank reforms non-performing loans
collection DOAJ
language English
format Article
sources DOAJ
author Priscilla Liang
spellingShingle Priscilla Liang
Comparing Chinese and Indian Banks and their Socialist versus Capitalist Reforms
International Journal of Economics and Financial Issues
socialist market economy
bank reforms
non-performing loans
author_facet Priscilla Liang
author_sort Priscilla Liang
title Comparing Chinese and Indian Banks and their Socialist versus Capitalist Reforms
title_short Comparing Chinese and Indian Banks and their Socialist versus Capitalist Reforms
title_full Comparing Chinese and Indian Banks and their Socialist versus Capitalist Reforms
title_fullStr Comparing Chinese and Indian Banks and their Socialist versus Capitalist Reforms
title_full_unstemmed Comparing Chinese and Indian Banks and their Socialist versus Capitalist Reforms
title_sort comparing chinese and indian banks and their socialist versus capitalist reforms
publisher EconJournals
series International Journal of Economics and Financial Issues
issn 2146-4138
publishDate 2016-09-01
description Chinese and Indian banks have developed unique characteristics due to their distinctive reform paths and political regimes, yet they share attributes in common with banks of other emerging nations. After decades of reforms, banking systems in both countries remain relatively isolated and protected due to severe governmental interventions and strict policy directives. These limitations and drawbacks are in sharp contrast to China and India’s present economic status, trade openness, and growth trajectories. This article describes the current status, strengths and weaknesses of Chinese and Indian banks; compares their commonalities and differences side-by-side; and traces banking developments and financial reforms to their particular socialist vs. capitalist political roots. Currently financial reforms are advancing in both countries with an aim to stimulate economic growth, yet their banks are burdened with rising bad debt and nonperforming loans. These article further addresses challenges of these banks and their policy implications.
topic socialist market economy
bank reforms
non-performing loans
url https://dergipark.org.tr/tr/pub/ijefi/issue/32045/354644?publisher=http-www-cag-edu-tr-ilhan-ozturk
work_keys_str_mv AT priscillaliang comparingchineseandindianbanksandtheirsocialistversuscapitalistreforms
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