Financial Sector Blueprint for 2001-2010

Financial Sector Blueprint for 2001-2010
Author: Byoung-Jo Chun
Publisher: Asian Development Bank
Total Pages: 106
Release: 2001
Genre: Business & Economics
ISBN:

This blueprint, which was developed with the assistance of ADB's Cambodia financial sector team, includes a long-term vision and development strategy for the financial sector over the next 10 years and detailed sector development strategy and policy reform agenda.

Financial Sector Development Strategy 2011-2020 [Cambodia]

Financial Sector Development Strategy 2011-2020 [Cambodia]
Author: Asian Development Bank
Publisher: Asian Development Bank
Total Pages: 238
Release: 2012-08-01
Genre: Business & Economics
ISBN: 9290926899

With a rapidly growing commercial economy that requires a sound financial system to sustain growth, Cambodia is committed to the long-term development of the financial sector, channeling financial resources to productive investments, and managing the inherent risks to achieve sustainable economic growth over the long term and contribute to poverty reduction. Financial Sector Development Strategy 2011–2020 reflects Cambodia’s achievements to date, provides an assessment of current challenges and constraints to financial sector development, the long-term goals, and a prioritized set of action plans for the next decade. Said strategy will enable Cambodia’s financial sector to integrate into the regional financial system and support her long-term economic development agenda.

When There Was No Money

When There Was No Money
Author: Heather A. Clark
Publisher: Springer Science & Business Media
Total Pages: 263
Release: 2006-03-14
Genre: Business & Economics
ISBN: 3540288775

The challenges in development often seem insurmountable. They overwhelm - tions and the builders of their most basic institutions. I am often asked how dev- opment finance agencies can work together to meet this challenge. In reply I invite you to read a story about cooperation in re-building one of the most basic insti- tions of any society –– the banking system. KfW Bankengruppe places great emphasis on financial sector development. Our experience in our own country, and beyond our borders, shows that one of the first steps is building a banking system that fuels growth through investment in enterprises. Micro, small and medium enterprises are the backbone of many economies; they are also the wealth of the people and generate their hope in the future. We believe that the depth of the financial sector is related to economic growth; the growth and safety of deposits, the facility of payments, and the in- vation to develop new products and services that strengthen markets and promote investment. A strong banking system supports economic growth by attracting unproductive capital and injecting it into the economy, increasing the productivity of the country’s capital base and leveraging it by attracting outside capital.

Risks and Returns

Risks and Returns
Author: David Michael Gould
Publisher: World Bank Publications
Total Pages: 427
Release: 2017-01-27
Genre: Business & Economics
ISBN: 1464809682

During the 1990s, Emerging Europe and Central Asia (ECA) opted for a model of rapid financial development focused on bank credit expansion often funded by foreign capital. This model helped boost the financial inclusion of firms and households, but was also accompanied by lower financial efficiency and increased vulnerability to banking crises. The need for financial sector reforms has become more urgent as stagnating income growth, particularly of middle- to lower-income earners, is leading to increased dissatisfaction with the status quo of low productivity growth and limited access to opportunities. This demand for change can be the impetus for rebalancing financial policies to support higher and more inclusive growth. A healthy and balanced financial sector is needed to support structural adjustment in the oil dependent economies of the eastern side ECA and greater innovation in the countries of the western part of ECA. This report argues that financial development must reach beyond increasing access to credit. ECA countries should strive to build balanced financial systems integrating both bank and non-bank markets, enabling prudent financial inclusion. Most importantly, ECA falls significantly behind other world regions in the use of saving products. Striking the right balance across all dimensions of financial development (stability, efficiency, inclusion, and overall depth) is crucial for achieving and sustaining inclusive growth.

The Political Economy of Financial Development in Malaysia

The Political Economy of Financial Development in Malaysia
Author: Lena Rethel
Publisher: Routledge
Total Pages: 99
Release: 2020-12-20
Genre: Business & Economics
ISBN: 0429647387

Current inquiries into the political economy of financial policymaking in Malaysia tend to focus on the high-level drama of crisis politics or simply point to the limited impact of post-crisis financial reforms, given that politico-business relations have remained close. In so doing, pundits ignore a number of intriguing questions: what is the relationship between financial development and financialisation and how has it played out in the Malaysian context? And more generally: how can a country like Malaysia become significantly more financially developed, yet fail to emancipate the financial system from political control; a core element of the financial development discourse? To unravel the complexities of this puzzle, this book subjects the history and contemporary practices of financial policymaking in Malaysia to scrutiny. It argues that to understand financial development in Malaysia, its progress and reversals, it is important to conceptualise it as a political, rather than a merely technical process. In so doing, the book echoes a more profound concern in the political economy literature, namely the evolving relationship between states and markets, and the supposed retreat or reassertion of the state at a time of increasing (financial) globalisation. The book can generate further insights into the evolving role of the state with regard to broader processes of development and marketisation, as they relate specifically to finance.

Money And Banking

Money And Banking
Author: Wong Hock Tsen
Publisher: Universiti Malaysia Sabah Press
Total Pages: 241
Release: 2019-11-18
Genre: Business & Economics
ISBN: 9672962797

Money and banking are about money, payment systems, banking and the central bank in an economy. The information on money and banking enables economic agents to make a better financial decision in the economy. Money is an exchange for goods and services and to settle debts. There is a link between the money supply and the monetary base. The money supply will increase or decrease when the monetary base or the money multiplier increases or decreases. The value of money will deteriorate fast when inflation is high. A payment system is an arrangement for exchange, which can be categorised into store-of-value systems and account-based systems. Asymmetric information can lead to adverse selection and moral hazard problems and thus, the asymmetric information problem can trigger the financial crisis problem. Banks can be commercial banks, investment banks and Islamic banks. Banks pool savings, provide safekeeping, accounting services and the payment systems, provide liquidity, diversify risk and provide financial information. Banking development is said to have a vital role in economic growth. Balance sheet management is important for the smooth running of the business of banks. Theory of term structure of interest rate attempts to explain the shape of the yield curve over time. Interest rate risk is a significant risk in the bank as a change in interest rate can affect both sides of the balance sheet of the bank. Financial innovation and bank consolidation are important issues in money and banking. The central bank manages monetary policy and oversees the financial system in an economy. The independence of the central bank can be a goal and operational independence. There are pro and con for the independence of the central bank and for the central bank to prick asset price bubble. This book can be divided into three main parts, namely money and the payment systems, banking and central bank. Chapter 1 to Chapter 2 explains money and the payment systems. Chapter 3 to Chapter 7 are banking. Chapter 8 is the central bank. Chapter 9 is concluding remarks. This book provides some fundamentals in money and banking for the economic agents, namely households, firms, governments and foreigners.

Cambodia

Cambodia
Author: International Monetary Fund
Publisher: International Monetary Fund
Total Pages: 122
Release: 2006-07-20
Genre: Business & Economics
ISBN: 1451969244

Cambodians have displayed tremendous resilience. The National Strategic Development Plan (NSDP) has been formulated using the comprehensive Rectangular Strategy of the Royal Government of Cambodia and synthesizes the Cambodia Millennium Development Goals (CMDG), the National Poverty Reduction Strategy (NPRS), etc. It provides the framework for growth, employment, equity, and efficiency to reach CMDGs. It lays out the vision, goals, strategies, and priority actions. Its implementation will be regularly monitored to make annual adjustments. NSDP could be successfully implemented to attain intended goals and reduce poverty.

Surviving the Global Financial and Economic Downturn

Surviving the Global Financial and Economic Downturn
Author: Hossein Jalilian
Publisher: Flipside Digital Content Company Inc.
Total Pages: 218
Release: 2014-11-11
Genre: Business & Economics
ISBN: 9814519669

In terms of magnitude of impact, the global financial and economic downturn was the worst of the three crises. That it caused the first ever growth contraction in the post-conflict period was sufficient rationale for the series of studies that substantiate this book. Like the two shocks that preceded it however, the way it impacted on Cambodia cannot be understood in isolation from the overall post-conflict milieu. The thesis here is not that endogenous factors caused the crisis. It is simply that endogenous factors shaped the impact of the crisis and a historical, as opposed to a static, analysis better illuminates the nature of the impact. This book is an in-depth comprehensive examination of the impact of the global financial and economic crisis on Cambodia. It probes into the effects of the shock at macro, sectoral and micro levels using qualitative and quantitative techniques.

Financial Sector Crisis and Restructuring

Financial Sector Crisis and Restructuring
Author: Carl-Johan Lindgren
Publisher:
Total Pages: 103
Release: 1999
Genre: Business & Economics
ISBN: 9781557758712

An IMF paper reviewing the policy responses of Indonesia, Korea and Thailand to the 1997 Asian crisis, comparing the actions of these three countries with those of Malaysia and the Philippines. Although all judgements are still tentative, important lessons can be learned from the experiences of the last two years.