The existing Chinese banking system was born out of a state-planning framework focussed on the funding of state-owned enterprises. Despite the development of a modern banking system, numerous studies of Chinese banking point to its high level of average inefficiency. Much of this inefficiency relates to the high level of non-performing loans held on the banks books. This study argues that a sig...

The purpose of the chapter is to discuss the evolution of the Indian banking industry and the role of innovation within the industry. It explores the motivations for innovation, types, actors involved, investments made and protection issues of banking innovations. The study showcases the current situation while also instigating future possibilities of research for the topic. To meet the objecti...

In recent decades there has been significant deregulation in many industries. A sector that remains heavily regulated is banking. Why is this? In this article we argue that current banking regulation is the result of a sequence of reactions to historical events. Given that it is not designed to solve any particular problem, it is not clear that it is very effective. In what follows, we identify...

Good Morning. It is indeed my privilege to be addressing you today in this Conference in which officials from industry and banking sector are participating. Today, I want to reflect on some of the challenges and dilemmas that we face as regulators of the banking system. A few of these challenges and dilemmas are in the context of the rapidly evolving regulatory landscape in the aftermath of the...

Over the last three decades the role of banking in the process of financial intermediation has been undergoing a profound transformation, owing to changes in the global financial system. India’s banking system has seen some major financial innovations in the past decade as well as steps to promote financial inclusion, schemes that aim to take banking services to yet-to-be-banked areas. The vari...

In this paper, we present the advantages of Maximum overlapping Discrete Wavelet Transform (MODWT) in improving the forecasting accuracy financial time series data. Amman stock market (ASE) in Jordan was selected as a tool to show the ability of MODWT in forecasting financial time series, using Banking sector. Experimentally, this article suggests a novel technique for forecasting the banking d...

Gatton Professor of International Banking and Financial Economics, University of Kentucky; and Vice President and Economist, Federal Reserve Bank of Boston. Valuable research assistance was provided by Zarmeen Katchi, Steven Fay, Carmen Corral-Solines, and Raquel Chmielewski. The views expressed are those of the authors and do not necessarily reflect official positions of the Federal Reserve Ba...

The purpose of this paper is to determine whether foreign bank presence has had a stabilizing or destabilizing effect on the Latin American banking sector. Our results suggest that, while "brick and mortar" operations of foreign banks in Latin American countries contribute to the reduction of the probability of a banking crisis, there is no significant effect of direct foreign lending initiated...

Web technology is transforming all businesses into information-based activities and the rate of technological change is so high that emerging electronic commerce is already making fundamental changes in the economic landscape, affecting every aspect of how business is and will be conducted. There is substantial evidence to suggest that e-banking is being embraced by financial institutions in de...