Emerging Science, Emerging Democracy: Stem Cell Research and Policy in Taiwan
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Integration of International Financial Regulatory Standards for the Chinese Economic Area: the Challenge for China, Hong Kong, and Taiwan Lawrence L.C
Northwestern Journal of International Law & Business Volume 20 Issue 1 Fall Fall 1999 Integration of International Financial Regulatory Standards for the Chinese Economic Area: The Challenge for China, Hong Kong, and Taiwan Lawrence L.C. Lee Follow this and additional works at: http://scholarlycommons.law.northwestern.edu/njilb Part of the International Law Commons, International Trade Commons, Law and Economics Commons, and the Securities Law Commons Recommended Citation Lawrence L.C. Lee, Integration of International Financial Regulatory Standards for the Chinese Economic Area: The hC allenge for China, Hong Kong, and Taiwan, 20 Nw. J. Int'l L. & Bus. 1 (1999-2000) This Article is brought to you for free and open access by Northwestern University School of Law Scholarly Commons. It has been accepted for inclusion in Northwestern Journal of International Law & Business by an authorized administrator of Northwestern University School of Law Scholarly Commons. ARTICLES Integration of International Financial Regulatory Standards for the Chinese Economic Area: The Challenge for China, Hong Kong, and Taiwan Lawrence L. C. Lee* I. INTRODUCTION ................................................................................... 2 II. ORIGINS OF THE CURRENT FINANCIAL AND BANKING SYSTEMS IN THE CHINESE ECONOMIC AREA ............................................................ 11 * Lawrence L. C. Lee is Assistant Professor at Ming Chung University School of Law (Taiwan) and Research Fellow at Columbia University School of Law. S.J.D. 1998, Univer- sity of Wisconsin-Madison Law School; LL.M. 1996, American University Washington College of Law; LL.M. 1993, Boston University School of Law; and LL.B. 1991, Soochow University School of Law (Taiwan). Portions of this article were presented at the 1999 Con- ference of American Association of Chinese Studies and the 1997 University of Wisconsin Law School Symposium in Legal Regulation of Cross-Straits Commercial Activities among Taiwan, Hong Kong, and China. -
Lessons for Emergent Post-Modern Democrats by Ken White
Extreme Democracy 90 8 The dead hand of modern democracy: Lessons for emergent post-modern democrats By Ken White et us not be too hasty to bury the present; it’s not dead yet, and a pre- mortem might provide some useful information. Those of us moving L ahead ought to remember Santayana’s famous dictum, and meditate— deeply—on what, and whom, we might leave behind. Emergent democracy can augment and, perhaps, even gradually supplant outmoded forms of self-governance, but only if we appreciate why those forms were once “moded”—suited to their times and uses. After all, Democracy 2.0 (if we consider Athens “1.0”) has enjoyed a pretty good 220- year run, even with all its failings. Considering which critical functions of modern democracy deserve preservation in intent, if not in form, offers the opportunity to appreciate the rich complexity of democratic self-governance and its astonishingly diverse modes of participation and action. By attending to what made modern democracy successful we might learn a few lessons; extract some insights from the old model; and identify a few pitfalls we ought to avoid, even as we cheerfully acknowledge the inevitability of creating a new set of pitfalls. I draw on personal experience in arriving at this conclusion. Working in the United States on democratic reforms (including campaign financing) for many years, I came to appreciate the difference between “reform” and “redesign.” Although the former may occur more often in some limited way, the promise of the latter drives truly significant change. As Extreme Democracy 91 Buckminster Fuller said: “You never change things by fighting against the existing reality. -
First Financial Restructuring and Operating Efficiency: Evidence from Taiwanese Commercial Banks
Journal of Banking & Finance 34 (2010) 1461–1471 Contents lists available at ScienceDirect Journal of Banking & Finance journal homepage: www.elsevier.com/locate/jbf First financial restructuring and operating efficiency: Evidence from Taiwanese commercial banks Hsing-Chin Hsiao a, Hsihui Chang b, Anna M. Cianci b,*, Li-Hua Huang a a Department of Accounting Information, National Taipei College of Business, Taipei City 100, Taiwan b Department of Accounting, LeBow College of Business, Drexel University, PA 19104, USA article info abstract Article history: This paper investigates the effect of the ‘‘First Financial Restructuring” (FFR) on the operating efficiency of Received 30 April 2008 commercial banks in Taiwan. Applying data envelopment analysis (DEA) to operations data for 40 com- Accepted 24 January 2010 mercial banks over the 6-year period 2000–2005, we find that while the banks have lower operating effi- Available online 1 February 2010 ciency on average during the reform period (2002–2003) compared to the pre-reform period (2000– 2001), improved operating efficiency is reflected in the post-reform period (2004–2005). Our results JEL classification: remain unchanged even after controlling for the non-performing loan ratio, capital adequacy ratio, bank G21 ownership, size, and GDP growth rate. These results suggest that the improved efficiency in the post- G28 reform period is possibly due to enhanced banking and risk management practices and benefits obtained Keywords: from compliance with the FFR. First Financial Restructuring (FFR) Ó 2010 Elsevier B.V. All rights reserved. Operating efficiency Commercial banks Data envelopment analysis (DEA) 1. Introduction an effort to foster banking efficiency (Denizer et al., 2007; Isik and Hassan, 2003; Zhao et al., 2010). -
South Korea: Legal and Political Overtones of Defensive Democracy in a Divided Country South Korea Has Already Passed Samuel
South Korea: Legal and Political Overtones of Defensive Democracy in a Divided Country KWANGSUP KIM South Korea has already passed Samuel Huntington’s two-turnover test for democratic consolidation, which occurred with the peaceful transitions of power in 1992 and 1996. This occurred despite the enduring military tension on the divided Korean peninsula. Huntington said that when a nation transitions from an “emergent democracy” to a “stable democracy,” its ruling parties must undergo two democratic and peaceful turnovers.1 However, there still exists heated controversy over whether the executive power violates democratic rule and human rights in the name of national security. This is despite the fact that the military authoritarian regime perished in 1987 and subsequent civilian governments have accomplished democratic reform. On November 6, 2013, the Ministry of Justice in South Korea petitioned to the Constitutional Court to rule on dissolving the minor Unified Progressive Party (UPP) for violating the “basic rules of democracy.”2 The ministry’s filing comes after the prosecution of indicted lawmaker, Lee Seok-ki of the UPP on September 5, 2013, on charges of conspiracy to stage a rebellion, incitement and sympathizing with North Korea, and infringement of the Kwangsup Kim is a Ph.D. Fellow at Center for Constitutional Democracy of Indiana University Maurer School of Law, an academic director and vice chairperson of the Committee of Women’s Rights at the Human Rights & Welfare Institution of Korea., and a Member of the Board of Directors at The Correction Welfare Society of Korea. 1 Samuel P. Huntington, “The Third Wave: Democratization in the Late Twentieth Century.” Norman: University of Oklahoma Press 14 (1991): 26. -
A Cost Efficiency Analysis of Local Commercial Banks in Taiwan by Elaine Yiling Lin a Thesis Submitted in Partial Fulfillment Of
A Cost Efficiency Analysis of Local Commercial Banks in Taiwan By Elaine Yiling Lin A Thesis Submitted in Partial Fulfillment of the Requirements for the Degree of Master of Science Applied Economics At The University of Wisconsin-Whitewater Table of Contents Title Page ....................................................................................................................... i. Approval Page ............................................................................................................... ii. Table of Contents ........................................................................................................ iii. List of Tables & Figures .............................................................................................. iv. Abstract ......................................................................................................................... v. 1. Introduction ............................................................................................................. 1 2. Literature Review .................................................................................................... 2 3. Model Specification ................................................................................................ 5 4. Data Description ..................................................................................................... 7 5. Empirical Results .................................................................................................... 8 6. Conclusion ........................................................................................................... -
World Development Studies 9 the Elusive Miracle
UNU World Institute for Development Economics Research (UNUAVIDER) World Development Studies 9 The elusive miracle Latin America in the 1990s Hernando Gomez Buendia This study has been prepared within the UNUAVIDER project on the Challenges of Globalization, Regionalization and Fragmentation under the 1994-95 research programme. Professor Hernando Gomez Buendia was holder of the UNU/WIDER-Sasakawa Chair in Development Policy in 1994-95. UNUAVIDER gratefully acknowledges the financial support of the Sasakawa Foundation. UNU World Institute for Development Economics Research (UNU/WIDER) A research and training centre of the United Nations University The Board of UNU/WIDER Sylvia Ostry Maria de Lourdes Pintasilgo, Chairperson Antti Tanskanen George Vassiliou Ruben Yevstigneyev Masaru Yoshitomi Ex Officio Heitor Gurgulino de Souza, Rector of UNU Giovanni Andrea Cornia, Director of UNU/WIDER UNU World Institute for Development Economics Research (UNU/WIDER) was established by the United Nations University as its first research and training centre and started work in Helsinki, Finland in 1985. The purpose of the Institute is to undertake applied research and policy analysis on structural changes affecting the developing and transitional economies, to provide a forum for the advocacy of policies leading to robust, equitable and environmentally sustainable growth, and to promote capacity strengthening and training in the field of economic and social policy making. Its work is carried out by staff researchers and visiting scholars in Helsinki and through networks of collaborating scholars and institutions around the world. UNU World Institute for Development Economics Research (UNU/WIDER) Katajanokanlaituri 6 B 00160 Helsinki, Finland Copyright © UNU World Institute for Development Economics Research (UNU/WIDER) Cover illustration prepared by Juha-Pekka Virtanen at Forssa Printing House Ltd Camera-ready typescript prepared by Liisa Roponen at UNU/WIDER Printed at Forssa Printing House Ltd, 1996 The views expressed in this publication are those of the author(s). -
Internationalization of the Taiwan Banking Industry, 1990-2001
International Journal of Social Science and Humanity, Vol. 5, No. 3, March 2015 Internationalization of the Taiwan Banking Industry, 1990-2001 Hsien-Jui Chung operational procedures. Regulation, prior to 1991, had the Abstract—This article depicts and analyses the effect of limiting the number of financial institutions and so internationalization of the banking industry in Taiwan during the industry expanded as banks established new branches the period 1999 to 2001. We draw on the perspective of across the country. As a result incumbent banks earned capabilities to describe and explain how banks’ domestic significant profits in a closed and stable financial operations experience prior to internationalization both restrained and contributed to overseas expansion. As a bank environment characterized by a low degree of competition has an initial internationalization experience, domestic Government policy focused on creating a stable platform experience did not prejudice the subsequent for economic development and this came at the expensive of internationalization. considering internationalization. The Government’s approach, initiated in 1970, was conservative and directed Index Terms—Banking, industry internationalization, towards newly-established financial institutions including overseas expansion, capability development. two overseas Chinese-funded banks (OCBC Bank and United Bank), two City-controlled Banks, an Export-Import I. INTRODUCTION Bank, a few private banks and a number of credit cooperatives. In other countries, such as South Africa and International expansion is an accumulative process in New Zealand, deregulation of the industry was having which firms developed their international operation significant effects on the internationalization of banks [2]. capabilities in a long period that are necessary for effective The Government in Taiwan, similarly, faced increasing calls management of international businesses [1]. -
Legal Aspects of Offshore Banking in Taiwan Ya-Huei Chen
Maryland Journal of International Law Volume 8 | Issue 2 Article 4 Legal Aspects of Offshore Banking in Taiwan Ya-Huei Chen Follow this and additional works at: http://digitalcommons.law.umaryland.edu/mjil Part of the International Law Commons, and the International Trade Commons Recommended Citation Ya-Huei Chen, Legal Aspects of Offshore Banking in Taiwan, 8 Md. J. Int'l L. 237 (1984). Available at: http://digitalcommons.law.umaryland.edu/mjil/vol8/iss2/4 This Article is brought to you for free and open access by DigitalCommons@UM Carey Law. It has been accepted for inclusion in Maryland Journal of International Law by an authorized administrator of DigitalCommons@UM Carey Law. For more information, please contact [email protected]. LEGAL ASPECTS OF OFFSHORE BANKING IN TAIWAN YA-HUEI CHEN* I. INTRODUCTION Taiwan has enjoyed uniformly high growth rates since the early 1950's, except during the 1974-75 oil crisis.' It is expected that the gains already achieved will be held and that economic development will con- tinue.' The demand for capitakis increasing because of this economic and industrial development, but the financial market in Taiwan is still poorly developed and generally unresponsive to market demand.' Financial ser- vices in Taiwan have been criticized as being inadequate, inefficient, disor- derly and too conservative. The liberalization, reorganization, moderniza- tion and internationalization of Taiwan's financial system is necessary and imminent.' The expansion and internationalization of the capital market is a prior- ity of Taiwan's government. Progress has already been made toward en- hancing Taiwan's economic position by making the country an international financial center. -
Online Banking Information
Information Management and Business Review Vol. 4, No. 11, pp. 570-582, Nov 2012 (ISSN 2220-3796) Customer Adoption of Internet Banking: An Empirical Investigation in Taiwanese Banking Context *Chao Chao Chuang, Fu-Ling Hu Hsing Wu University, Taiwan *[email protected] Abstract: In these days, banks work hard to attract consumers and keep their market share by providing them with more innovative services through Internet banking. Banking services are now just at the distance of one click from the mouse. The purpose of this paper is to explore how and why specific factors affect adoption of Internet banking in Taiwan context. The findings suggest six identified factors are significant in respect of customers’ adoption of Internet banking services. Convenience, accessibility and feature availability are the main motivators for consumers to use Internet banking service. Results also reveal that security and privacy play important roles in discouraging the customers to use Internet banking services. Conclusions and managerial suggestions are proposed to provide a practical contribution for bank managers to better understand customers’ perception of e-banking service quality and enhance customers’ adoption rates. Keywords: Internet banking, banking services, customer adoption 1. Introduction In recent years, Internet banking has experienced amazing growth and has changed conventional banking practice. Internet banking users can access their accounts very easily through logging in to the bank’s website with their personal identification numbers and passwords. Internet banking services include checking accounts balance, paying bills, transferring money between bank accounts, investing, trading foreign currency, etc. By providing Internet banking services, conventional financial institutions hope to lower operational costs, enhance banking service quality, and make customer relationship management more effective to further increase market share. -
E-Democracy and the Emergence of Civic Life in the Cyberspace
Cairo University Economics and Political Science Faculty Social Science Computing Department E-Democracy and the Emergence of Civic Life in the Cyberspace الديمقراطية اﻻلكترونية ونشوء الحياة المدنية فى الفضاء المحكامى Proposed by “Howieda Nabil Mohamed” Supervised by Prof. Dr. Hazem Ahmed Hosni H.E. Dr. Mohamed Abdel Kader Salem Social Science Computing Department The Former Minister of Ministry of Communications and Information Technology The Thesis is introduced to Social Science Computing Department Economics and Political Science Faculty to have master degree August 2012 Acknowledgments This thesis would not have been possible without the help of H.E. Dr. Mohamed Salem and Dr. Hazem Ahmed Hosni. I would like to offer my deepest gratitude to H.E. Dr. Mohamed Salem for providing me with the opportunity to extend and integrate my theoretical study with real data of the latest technology. I would like to acknowledge the immeasurable contributions of Dr. Hazem Ahmed Hosni, for his continuous support and encouragement that he provided. I would like to express sincere thanks to Dr. Ahmed Darwish and Dr. Amal Soliman for their time and efforts they extracted to read and fine tuning the thesis. I would like to offer my warm gratitude to whole my family who deserve special mention for the numerous hours they spent concerning with my kids while I was studying, searching and writing my ideas. I would like to express my thanks and gratitude to all those who helped me throughout my studies and contributed in any manner to this thesis. ii Abstract The aim of the thesis is to explore the issue of the emergence of civic life in the cyberspace in the light of the fact that with the rapid development of ICT our living space has been transformed from physical space into a space shared by physical space and cyberspace. -
The Prolonged Reform of Taiwan's State-Owned Banks (1989-2005)
China Perspectives 2007/1 | 2007 Climate change: the China Challenge The Prolonged Reform of Taiwan's State-owned Banks (1989-2005) Chia-Feng Leou Édition électronique URL : http://journals.openedition.org/chinaperspectives/1343 DOI : 10.4000/chinaperspectives.1343 ISSN : 1996-4617 Éditeur Centre d'étude français sur la Chine contemporaine Édition imprimée Date de publication : 15 janvier 2007 ISSN : 2070-3449 Référence électronique Chia-Feng Leou, « The Prolonged Reform of Taiwan's State-owned Banks (1989-2005) », China Perspectives [En ligne], 2007/1 | 2007, mis en ligne le 08 avril 2008, consulté le 28 octobre 2019. URL : http://journals.openedition.org/chinaperspectives/1343 ; DOI : 10.4000/chinaperspectives.1343 © All rights reserved Economy s e Financial Liberalisation and v i a t c n i Democratisation: e h p s c The Prolonged Reform of Taiwan’s State-Owned Banks (1989-2005) r e p CHIA-FENG LEOU Following the global trend of financial liberalisation, Taiwan’s government has dedicated itself to its own financial “Big Bang” since the late 1980s. An essential part of this financial overhaul has been the reform of the state-owned banks (SOBs). It was believed that privatisation and deregulation of the SOBs could effectively enhance the efficiency of Taiwan’s financial sector. After almost two decades, however, the reform is still not complete. Given its importance, the question arises: why is it taking so long? This article argues that the state has been unable to implement its planned reform policies as its ability to carry out the SOB reform has been significantly constrained by the newly rising political forces resulting from Taiwan’s democratisation. -
Ten Years of Supporting Democracy Worldwide © International Institute for Democracy and Electoral Assistance 2005
International Institute for Democracy and Electoral Assistance Ten Years of Supporting Democracy Worldwide © International Institute for Democracy and Electoral Assistance 2005 International IDEA publications are independent of specifi c national or political interests. Views expressed in this publication do not necessarily represent the views of International IDEA, its Board or its Council members. Applications for permission to reproduce or translate all or any part of this publication should be made to: Publications Offi ce International IDEA SE -103 34 Stockholm Sweden International IDEA encourages dissemination of its work and will promptly respond to requests for permission to reproduce or translate its publications. Graphic design by: Magnus Alkmar Front cover illustrations by: Anoli Perera, Sri Lanka Printed by: Trydells Tryckeri AB, Sweden ISBN 91-85391-43-3 A number of individuals (and organizations) have contributed to the development of this book. Our thanks go, fi rst and foremost, to Bernd Halling, External Relations Offi cer, who coordinated the content development of this book and for all his hard work and support to the book through its many phases. We also thank Ozias Tungwarara, Senior Programme Offi cer, who developed the concept from the beginning and helped in the initial phase of writing and collection of material, as well as IDEA’s Publications Manager, Nadia Handal Zander for her help in the production of this book. Foreword International IDEA was born in 1995 in a world tions—hence the notion of local ownership of the which was optimistic about democratic change. process of reform and development. For signifi - The end of the Cold War had ushered in a period cant political reforms and public policy decisions, of opportunity and innovation with democracy as there needs to be the space and time for knowl- well as more self-critical analysis of the quality and edge to be shared, for information to be circulated, achievements of democracies, old and new.