This fascinating and timely work explores in detail the changes
in the Indian banking sector over the last 20 years, and puts them
into a comparative perspective with the Chinese banking sector. For
this purpose, the author develops a detailed indicator-based
framework for assessing the liberalization of a banking sector
along various process steps based on financial liberalization and
transformation studies. The key finding is that while
liberalization has improved the sectoral performance, it has so far
had no effect on the macro level.
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