The Study Of Foreign Banks' Participation In ASEAN-4

Economic globalization and financial integration is the world's main trend today, whose features include the deregulation of laws and rules for finance, the internalization of companies and non-financial institutes' penetration into the domain of banks. This imposes challenge to traditional banking and compels them to internationalized and operate universally.Since the 1990's, international expansion of banks, sometimes called "third wave", has happened all over the world. Emerging Market Economies (EMEs) has been the main destination of banks expansion instead of developed countries. At the same time, foreign banks participated in Emerging Market Economies in Southeast Asia. Recently, foreign banks' market share in EMEs in Southeast Asia has increased significantly and foreign banks have played a greater role in the financial sector of the host countries. This dissertation, taking ASEAN-4 (including Malaysia, Indonesia, Thailand and Philippine) as the study object, reviews the development of foreign banks in ASEAN-4, analyses the motivation and the changes of the policies of the ASEAN-4, and also discusses the impacts of foreign banks' participation.This dissertation is structured as follows. Chapter 1 reviews the abroad and domestic researches concerning foreign banks' participation in ASEAN-4. Chapter 2 introduces some theories of multinational banks, and discusses the theories about foreign banks' participation in ASEAN-4. Chapter 3 analyzes the motivation of foreign banks' entry in ASEAN-4. Chapter 4 describes the development and characteristics of foreign banks' participation in ASEAN-4 in Southeast Asia. Chapter 5 discusses the impacts of foreign banks' participation in ASEAN-4. Finally, the conclusions are drawn.