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From Monobank to Commercial Banking - Financial Sector Reforms in Vietnam (Hardcover)
Loot Price: R1,159
Discovery Miles 11 590
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From Monobank to Commercial Banking - Financial Sector Reforms in Vietnam (Hardcover)
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This comprehensive, detailed and up-to-date descriptive analysis of
financial sector reforms in Vietnam since 1998 critically analyses
key problems and obstacles facing the efforts to transform the
Vietnamese economy, particularly the financial sector, from one
subordinate to government objectives and goals to an autonomous
sector guided by market forces and competitive pressures. Here, the
history of financial sector liberalization is traced and close
attention paid to the activities and autonomy of the State Bank of
Vietnam, the institution responsible for the supervision and
regulation of the financial sector in Vietnam. Overall, the authors
argue that ensuring a timely, fair and transparent supervision and
regulation of the financial sector is of central importance to
financial sector development and stability. Liberalizing financial
markets is not solely a question of limiting and/or restricting
government influence but may in fact involve the opposite, the
influence and power of supervisory and regulatory institutions in
many cases needing to be strengthened.
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