Despite the trend toward financial sector liberalization in recent years, state ownership of financial institutions remains widespread in the developing world.

An IMF paper reviewing the policy responses of Indonesia, Korea and Thailand to the 1997 Asian crisis, comparing the actions of these three countries with those

Research suggests that if the majority of a country's financial institutions are owned by the state, that country will experience slower financial development,

State-owned enterprises (SOEs) play significant roles in developing economies in Asia and SOE performance remains crucial for economy-wide productivity and grow