Banks and public sector authorities: the international financial crisis and policy challenges in Asia-Pacific
نویسنده
چکیده
The aim of this paper is to view the current financial crisis through the prism of conceptual models of the basic relationships between the commercial banking sector on the one hand and the public sector authorities, comprising the government, especially the ministry of finance, central bank and specialist regulatory/supervisory authorities, on the other. In Section II, I set out my interpretation of the Anglo-Saxon model of this relationship, as it stood in June 1997 before the crisis, and contrast this with a less clearly defined Asian model; the European (Rhineland) model being an uncomfortable mixture of the two.
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