Banking Sector Liberalization in India
Evaluation of Reforms and Comparative Perspectives on China
  

Author
Dr. Christian Roland（罗兰）

推荐理由：现在中国银行业正在发生什么事情？中国和印度的银行业在自由化过程中有什么相同和不同吗？转型过程中的管理有什么问题？转型构架如何？如何评价中印银行业的自由化转型？这一些列问题在2008新出版的本书中有详细论述。Roland相信大家并不陌生，人大出版社出过他的转型经济书籍，他现在是世界上研究经济转型的头号大师。本书是他研究转型经济的最新力作。

推荐对象：本书对转型经济学、中国经济改革、转型国际比较、中国银行业改革感兴趣的学者有价值。

PDF格式，高清晰可拷贝的那种；无缺页善本收藏版

ISSN 1431-1933
学科 Economics/Management Science, Macroeconomics/Monetary Economics, Development Economics, Economic Policy and International Economics
出版社 Physica-Verlag HD
版权 2008
ISBN 978-3-7908-1981-6

Table of contents
Abbreviations…………………………………………………………..XV
1 Introduction……………….……………….……………….………..... 1
1.1 Original problem and objectives……………….………………….. 1
1.2 Methodology……………….……………….…………………....... 6
1.3 Categorization of topic……………….……………….………........8
1.4 Definition of key terms……………….……………….…………... 9
1.4.1 Liberalization……………….……………….…………..... 10
1.4.2 Banking sector and financial sector………….…………… 10
1.5 Structure of the thesis………….………….………….………….. 13
2 The Indian banking sector………….………….………….………… 17
2.1 Development of the Indian banking sector………….…………… 17
2.1.1 Development from 1947 to 1991………….……………… 17
2.1.2 Development from 1991 to 2005………….……………… 20
2.1.2.1 Background and goals of reforms……………….. 20
2.1.2.2 Reform areas………….………….……………… 23
2.2 Current structure of the banking system………….……………… 37
2.3 Political, economic and institutional environment of the
banking sector………….………….………….………………….. 42
2.3.1 Political environment………….………….………………. 42
2.3.2 Economic environment………….………….…………….. 43
2.3.3 Institutional environment ………….………….………….. 46
2.4 Conclusion ………….………….………….………….…………. 48
3 The Chinese banking sector………….………….………….………. 51
3.1 Development and structure of the banking sector………….……. 51
3.1.1 Development of the banking sector………….…………… 51
3.1.2 Structure of the banking sector………….………………... 56
3.2 Major reform areas and status of the sector………….………….. 58
3.3 Similarities and differences to the Indian banking sector……….. 64
3.4 Conclusion………….………….………….………….………….. 67

4 Banking sector functions and coordination ………….……………. 69
4.1 Functions of the banking sector………….………….…………… 69
4.1.1 Mobilization of resources………….………….………….. 70
4.1.2 Allocation of resources………….………….…………….. 71
4.1.3 Fostering economic growth………….………….………... 72
4.2 State involvement in the banking sector………….……………... 74
4.2.1 Reasons for state involvement………….………….……... 75
4.2.1.1 Economic goals………….………….…………... 75
4.2.1.2 Developmental goals………….………………… 78
4.2.1.3 Political goals………….………….…………….. 79
4.2.2 Instruments of state involvement………….……………… 81
4.3 The financial liberalization hypothesis………….……………….. 84
4.4 Evaluation of financial liberalization………….………………… 88
4.4.1 Financial liberalization, savings and capital formation…... 88
4.4.2 Financial liberalization, financial development and
growth………….………….………….………….……….. 91
4.4.3 Financial liberalization and banking sector performance… 96
4.4.4 Financial liberalization and financial crisis………………. 98
4.5 Conclusion………….……..………….………….……………... 101
5 Management of transformation processes………….…………….. 103
5.1 Classification of transformatory changes and applicability
to India………….………….………….………….…………….. 103
5.1.1 Definition of transformatory changes………….………... 104
5.1.2 Applicability to the banking sector and India…………… 107
5.2 Initial policy recommendations for transition countries ……….. 109
5.3 Elements of transformation processes ………….……………… 111
5.3.1 Liberalization………….………….………….………….. 111
5.3.2 Stabilization………….………….………….…………… 113
5.3.3 Privatization………….………….………….…………… 115
5.3.4 Institution building………….………….………….…….. 118
5.3.5 Structural change………….………….………….……... 122
5.4 Management of transition processes………….………….…….. 124
5.4.1 Speed of reforms………….………….………….………. 124
5.4.2 Sequencing and timing of reforms………….…………... 127
5.5 Differences in transformation processes in India and China…… 129
5.6 Conclusion………….………….………….………….………… 134
6 Framework for banking sector liberalization………….………… 137
6.1 Overview and special considerations………….……………….. 137
6.2 Transformation of the banking sector………….………………. 140
6.2.1 Basic requirements for banking sector liberalization…… 140

6.2.2 Process elements for banking sector liberalization……… 141
6.2.2.1 Liberalization of price and volume restrictions... 142
6.2.2.2 Stabilization of banks………….………………. 144
6.2.2.3 Bank privatization………….………….….…… 146
6.2.2.4 Institutional infrastructure of the banking sector. 148
6.2.2.5 Structural change of the banking sector……….. 152
6.2.3 Speed, sequencing and timing of banking sector reforms..154
6.2.3.1 Speed of reforms………….………….………… 154
6.2.3.2 Sequencing and timing of reforms……………... 155
6.2.4 Political-economy considerations for banking sector
liberalization………….………….………….………….... 156
6.3 Measurement of process and results of banking sector
liberalization………….………….………….………………….. 159
6.3.1 Identification of process and result indicators…………... 159
6.3.2 Construction of a liberalization index………….………... 169
6.3.3 Effects of market failure on indicators ………….………. 171
6.4 Macroeconomic effects of banking sector liberalization……….. 180
6.5 Conclusion………….………….………….………….………… 183
7 Evaluation of banking sector liberalization in India and China… 185
7.1 Qualitative evaluation………….………….………….………… 185
7.2 Quantitative evaluation………….………….………….……….. 195
7.2.1 Sector level………….………….………….…………….. 195
7.2.2 Macroeconomic level………….………….………….….. 217
7.2.2.1 Econometric specification and data description.. 217
7.2.2.2 Results of statistical tests………….…………… 222
7.3 Conclusion………….………….………….………….………… 240
8 Policy recommendations and implications of research findings…243
8.1 Summary of goals and results………….………….……………. 243
8.2 Policy recommendations………….………….………….……… 248
8.3 Limitations of research approach………….………….………… 253
8.4 Perspectives for future research………….………….………….. 254
Appendix………….………….………….………….………….……... 257
References………….………….………….………….……………….. 275

[此贴子已经被作者于2008-6-25 22:32:59编辑过]