Nonperforming Loans and Purchase of Loans by Public Asset Management Companies in Malaysia and Thailand
Nonperforming Loans and Purchase of Loans by Public Asset Management Companies in Malaysia and Thailand
复制标题
DOI：
10.1111/1468-0106.12197
复制
发表时间：
2016-12
期刊：
影响因子：
--
通讯作者：
Masahiro Inoguchi
中科院分区：
文献类型：
--
作者：
Masahiro Inoguchi
本文探讨了1997年亚洲金融危机后马来西亚和泰国消除不良贷款问题的因素。在危机后扩大的不良贷款数量在大多数东南亚国家已经下降。虽然以前的研究探讨了不良贷款数量增加的原因，但很少有人分析导致亚洲不良贷款数量减少的因素。在马来西亚和泰国，当局采取了若干措施来管理不良贷款。作为从银行收购不良贷款的工具，马来西亚于1998年成立了Pengurusan Danaharta Nasional Berhad（Danaharta），而泰国于2001年成立了泰国资产管理公司（TAMC）。我们分析了银行的特征、宏观经济状况的改善以及购买贷款的便利是否导致马来西亚和泰国不良贷款数量的减少。结果表明，出售贷款的公共资产管理公司是有效的，在泰国减少不良贷款的数量。泰国的不良贷款率下降受宏观经济条件影响，而马来西亚在危机期间和危机后，业绩良好的商业银行以及大型商业和投资银行的不良贷款率普遍较低。
This paper explores the factors which eliminated the nonperforming loan (NPL) problem in Malaysia and Thailand following the 1997 Asian financial crisis. The number of NPL, which expanded in the aftermath of the crisis, has since declined in most South‐East Asian countries. Although previous studies have explored the causes of the increase in NPL numbers, few have analysed the factors that contributed to the reduction in their number in Asia. In Malaysia and Thailand, authorities put in place several measures to manage NPL. As a vehicle to acquire NPL from banks, Malaysia established the Pengurusan Danaharta Nasional Berhad (Danaharta) in 1998, while Thailand established the Thai Asset Management Corporation (TAMC) in 2001. We analyse whether the characteristic features of banks, improvements in macroeconomic conditions, and facilities for purchasing loans caused a reduction in the number of NPL in Malaysia and Thailand. The results suggest that selling loans to a public asset management company was effective in reducing the number of NPL in Thailand. While macroeconomic conditions influenced the decline in NPL ratios in Thailand, in Malaysia, well performing commercial banks and large commercial and investment banks generally had smaller NPL ratios throughout and following the crisis.