Description
Taiwan, the Republic of China, has been striving to reform its financial system, and in the process, become a financial power, both regionally within the Pacific Rim of Asia, and, globally, given the rapidly increasing economic and financial significance of this area. In a book, written from an interdisciplinary legal, financial and economics perspective that aims to be both theoretical and practical, Brian Semkow analyzes and discusses the scope and direction financial and capital market reform has taken in Taiwan, and its implications for existing and newly emerging financial institutions in Taiwan and elsewhere. Having introduced the problems underlying Taiwanese financial reform and their significance, the author provides a detailed overview of the spectrum of existing and newly-emerging domestic and international financial institutions within Taiwan, and the various financial regulators, including the Ministry of Finance and the Central Bank of China, and the regulatory framework through which both financial institutions and regulators operate. The author examines in detail the various financial markets, including the financial, money, offshore banking, foreign exchange and securities (equity, debt and derivative) markets, and the major recent and imminent legislative and regulatory initiatives undertaken to reform these markets and elevate Taiwan’s status as a regional, and by implication, a global financial centre. This book should serve as a useful legal and financial guide to the rapidly emerging and increasing significance of Taiwanese banking and finance in this decade and forward into the next century.
