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ID: 101086

Bank-specific, industry-specific and macroeconomic determinants: empirical evidence from the Thai banking sector / Sufian, Fadzlan; Habibullah, Muzafar Shah

Habibullah, Muzafar Shah	Journal Article
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2010.

Summary/Abstract

This paper examines the efficiency of the Thai banking sector from 1999 to 2008 by using the data envelopment analysis (DEA) method. The results indicate that inefficiency in the sector stems mainly from scale rather than pure technical efficiencies. The findings suggest that small banks are most efficient, while medium-sized banks have been the least efficient banking group. Domestic banks have been relatively more efficient than their foreign bank peers, which can be attributed largely to a higher pure technical efficiency (PTE) level. The results from the multivariate regression analysis suggest that banks with higher loans intensity and which are relatively better capitalised tend to exhibit higher efficiency levels. On the other hand, credit risk is negatively related to bank efficiency. The empirical findings suggest that the recent global financial crisis exerts a negative impact on the efficiency of Thai banks.

Key Words

Thailand ; Banks ; Efficiency ; Data Envelopment Analysis ; Panel Regression Analysis

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ID: 065763

Exchange rate volatility and exports for selected East Asian Co / Poon, Wai-Ching; Choong, Chee-keong; Habibullah, Muzafar Shah

Choong, Chee-Keong	Journal Article
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Publication

2005.

Key Words

Economy ; IMF ; East Asia ; Exchange Rate

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ID: 130540

Rising China, anxious Asia: a Bayesian new Keynesian view / Wong, Chin-Yoong; Eng, Yoke-Kee; Habibullah, Muzafar Shah

Habibullah, Muzafar Shah	Journal Article
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Publication

2014.

Summary/Abstract

Should Asia feel anxious about China's expansion? We look for the answer through the Bayesian estimation of a two-country New Keynesian model of production fragmentation covering ten Asian economies, including China. The estimates show that vis-à-vis China, the developed Asia has a more fragmented production structure with higher domestic value-added embodied in intermediates traded with China whereas the developing Asian production chains are equally if not less fragmented with more foreign value-added. We also find that China's expansion made possible by favorable demand and price shocks benefits all Asian neighbors. Expansion driven by total factor productivity improvement, however, lifts the aggregate value-added in the developing Asia but not in the developed Asia, unless the shocks symmetrically originate in both China and the developed Asia. Fixing the regional currencies irrevocably to the U.S. dollar amplifies the effect of China's productivity improvements, although it is nearly irrelevant for responses to other types of shocks. We conclude that production fragmentation and symmetry in shock are the keys to the answers of this question.

Key Words

China ; Rising Power ; Chinese Economy ; Rising China ; Keynesian Model ; Developing Asia ;
Global Currencies ; Regional Currencies ; Anxious Asia ; Bayesian Model

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