Description

Journal of Economic Cooperation 26, 4 (2005) 1-26.

The banking sector in Indonesia, Malaysia, Turkey and Kazakhstan was
severely affected by the financial crises that those countries experienced in the last decade. The macroeconomic instability caused by the said crises
showed that a sound banking sector is a prerequisite for a stable financial system and a pivotal factor for sustainable economic growth and development. The reforms undertaken by those countries since the crises
have focused on rehabilitating the banking sector, which led to a significant improvement in its performance. The reforms in those countries increased prudential regulations aimed at finding lasting solutions to the reoccurrence of such crises. This paper discusses the recent banking reforms in each country and investigates that sector’s performance by analysing some relevant indicators.