Cookies Policy
X

This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies.

I accept this policy

Find out more here

Crises as Opportunities to Consolidate Reforms: The 1997 Financial Crisis and Banking Policy Reform in Malaysia and the Philippines

No metrics data to plot.
The attempt to load metrics for this article has failed.
The attempt to plot a graph for these metrics has failed.
The full text of this article is not currently available.

Brill’s MyBook program is exclusively available on BrillOnline Books and Journals. Students and scholars affiliated with an institution that has purchased a Brill E-Book on the BrillOnline platform automatically have access to the MyBook option for the title(s) acquired by the Library. Brill MyBook is a print-on-demand paperback copy which is sold at a favorably uniform low price.

Access this article

+ Tax (if applicable)
Add to Favorites
You must be logged in to use this functionality

image of Asian Journal of Social Science

Looking at crisis responses in the Philippines and Malaysia, this paper will analyse how state-based banking policy elites in both states used the 1997–2000 crisis to radically accelerate pre-crisis policy directions that were opposed by local banking institutions and their peak associations. Drawing on empirical evidence and policy reform theory, the paper will detail how these elites used both their ability to define the nature of the 1997–2000 crisis and the appropriate responses, and their control of the executive to accelerate these directions and minimize the voice of local banking players. In the case of Malaysia, the banking policy direction to be analyzed will be banking sector consolidation, while for the Philippines it will be foreign entry and equity participation in the local banking sector. Moving away from the singular domestic focus of much policy reform literature, this paper will attempt to develop a two-level model for these crisis-driven policy accelerations. To do this, it will look at the use by these state elites of their relationships with the IMF and their banking policy obligations of the GATS as the rationale for acceleration and as the rationale for their overriding of local banking interests. This incorporation of external actors and changes to the international political economy should allow for a more nuanced and well-rounded understanding of these specific elements of the 1997–2000 crisis response, as well as the political economy of policy reform in general for both Malaysia and the Philippines.

Loading

Full text loading...

/content/journals/10.1163/156853103322318216
Loading

Data & Media loading...

http://brill.metastore.ingenta.com/content/journals/10.1163/156853103322318216
Loading

Article metrics loading...

/content/journals/10.1163/156853103322318216
2003-06-01
2016-12-03

Sign-in

Can't access your account?
  • Tools

  • Add to Favorites
  • Printable version
  • Email this page
  • Subscribe to ToC alert
  • Get permissions
  • Recommend to your library

    You must fill out fields marked with: *

    Librarian details
    Your details
    Why are you recommending this title?
    Select reason:
     
    Asian Journal of Social Science — Recommend this title to your library
  • Export citations
  • Key

  • Full access
  • Open Access
  • Partial/No accessInformation