ISAS Working Papers

Over the last decade, many emerging Asian economies have been liberalising their financial sectors, including opening up their banking systems to foreign competition. This paper examines the extent of de jure and de facto changes in policies in selected emerging Asian economies on the introduction of greater foreign competition. For reasons of data availability, the focus of this paper is limited to selected emerging Asian economies, viz. India, China, Indonesia, South Korea, Malaysia, Thailand and the Philippines.