The Political Economy of Taiwan’s Financial Supervisory System Reforms, 1949-2011
Date Issued
2011
Date
2011
Author(s)
Wu, Yun-Chen
Abstract
There are three different periods that can represent the state''s attitude to financial supervisory from 1949 to 2011. Those three periods are “regulation”, “de-regulation” and “re-regulation”. In the meantime, the state not only shows its attitude but also shapes the financial supervisory system. The reason for the state to establish and reform the financial supervisory system is that the state has to respond the shifting of structure.
After World War II, the attitude of the state was “regulation”. In this period, it was the first time that the state builds financial supervisory system. The financial supervisory system’s feature was multiple functional divisions.
Untill 1987, the cold war was over, financial globalization was beginning, and the power of the society rised, the state’s “regulation” attitude was challenged. The state put “management conception” in its attitude. Meanwhile, the state had to adjust the financial supervisory system. The state came up with unified reform idea, but this reform didn’t succeed.
After 2000, the state’s attitude became “re-regulation”. The state reformed financial supervisory system to a unified system in this period. This reform was caused by the change of the structure. The Financial Supervisory Commission was set up; however, the state also set up National Conference of Agricultural Finance. The establishment of those two agencies didn’t match the expectation of the unified reform. The financial supervisory system still has multiple functional divisions.
Subjects
the state
financial supervisory system
financial supervisory commision
Type
thesis
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