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Bullion

Keywords

Malaysian, Banking reforms, Bank consolidation.

Abstract

This paper examines banking sector reform with particular reference to the Malaysian banking sector. The Malaysian banking sector which resulted from the Asian financial crises of the 1990s is the subject of the study. The paper is divided into four sections: following the introduction, section II covers conceptual issues in banking sector reform and bank consolidation. The Malaysian experience in banking sector reforms and bank consolidation is discussed in section III, while lessons for Nigeria and concluding remarks are presented in section IV. The paper highlights the response of the Malaysian authorities to the Asian financial crisis and identified the strength of the Malaysian financial and economic system as well as robust policy response as key factors which enabled the country to minimize the negative impact of the Asian financial crisis of the late 1990s. The paper concludes that the Malaysian experience in responding to financial crisis and implementing banking sector reform and bank consolidation provides an enduring legacy for Nigeria to emulate.

Author Bio

The author is a staff of Central Bank of Nigeria.

Publication Title

CBN Bullion

Issue

2

Volume

29

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