Political Economy of Distress in East Asian Financial Institutions / Giovanni Ferri Bongini, Paola

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Bongini, Paola
Financial institutions - East Asia.; Financial crises - East Asia.; Bankruptcy - East Asia.
"In the East Asian crisis, "connections" - with industrial groups or influential families - increased the probability of distress for financial institutions. Connections also made closure more, not less, likely, suggesting that the closure processes themselves were transparent. But larger institutions, although more likely to be distressed, were less likely to be closed, suggesting a "too big to fail" policy"--Cover.
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