000			00853nam a2200109Ia 4500
100			_aBird, Graham
245			_aBanks financial liberalisation and financial crises in emerging markets
260			_c2001
520			_aProvides a framework to explore the role of banks, bank inefficiencies and financial liberalisation in explaining the sustained interest rate premium offered in a number of emerging economies in East Asia despite evidence of fairly credible ex ante pegged exchange rates. Sees, within this framework, international financial liberalisation as fuelling a boom in domestic credit, which leads to acute balance sheet problems for domestic banks, and exposes the country concerned to currency crisis in the event of a sudden reversal of capital inflows, which banking weakness may itself trigger.
583			_c10/25/01 _kJOY_D
942			_cA
999			_c23853 _d23853