Financial development, efficiency, and competition of ASEAN banking market

• Main Authors: Subramaniam, Vimal Prakash Rao, Ab-Rahim, Rossazana, Selvarajan, Sonia Kumari
• Format: Article
• Published: De La Salle University, Manila, Philippines 2019
• Subjects: HG Finance
• Online Access: http://eprints.um.edu.my/23383/; http://apssr.com/wp-content/uploads/2019/09/RA-14.pdf
• Institution: Universiti Malaya

Theoretically, the financial sector fosters economic development of a nation. Weak institutions, poor contract enforcement, and macroeconomic instability are negatively correlated with an underdeveloped financial sector. The global trends have revived the need for the ASEAN to continue to work for f...