By Sheng-Yi Lee
The books during this sequence goal to mirror the big fiscal and political adjustments that small and medium-sized countries in East and South-East Asia were present process within the Seventies and Nineteen Eighties and to teach the impression of those adjustments at the international economy.
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Additional info for Money and Finance in the Economic Development of Taiwan
They are authorised to accept deposits from, and extend loans to, members; to handle remittances, and to serve as agent for the Land Bank of Taiwan, the Cooperative Bank of Taiwan, the Farmers' Bank of China and other government agencies in the provision of agricultural credit. They frequently make collections, keep custody and account for the township treasury. They have some distinct characteristics. First, they differ from commercial bank credit in the sense that in order to facilitate small borrowers, collateral requirements are not so strictly enforced.
1 per cent in 1987. 4 is that loans of banks grew less than those of non-banks which is in fact a common phenomenon in many countries. 7 per cent in 1980-7. The world recession in the early 1980s had an effect on the provision of credit.
Banking operations are related mainly to the overseas markets, and secondarily to the domestic market, as shown in the offshore banking systems of Singapore, Hong Kong, London, Frankfurt and Luxembourg. Lending and depositing are denominated in foreign currencies such as US dollars, Deutschmark, Japanese yen, pound sterling, Swiss franc, and French franc. But the US dollar is the most predominant currency used - about 80-90 per cent, because the US dollar - in spite of its depreciation - is still the most marketable currency in the world.
Money and Finance in the Economic Development of Taiwan by Sheng-Yi Lee