Effects of the policies and the reforms of financial system on bond markets and banking sector in Asia

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This research shows which factors eliminated the nonperforming loans of banks. Nonperforming loan problem needed to be solved for governments of 1997 crisis-affected Asian countries. This research also suggests that external shocks had a larger impact East Asian banking sector during the 2000s than during the 1990s before the Asian financial crisis, although the damage from global financial crisis was less serious in Asian banking system than in European banks.