Banking in Taiwan

[1] In the 1980s the Taiwan Miracle caused foreign cash to flow into Taiwanese banks which created major issues for the sector.

This led the government to liberalize capital controls and allow businesses and individuals to habitually move money outside of the country.

[2] Liberalization following the cash oversupply crisis allowed an independent Taiwanese financial industry to emerge and existing banks to internationalize.

[3] The Central Bank of the Republic of China (Taiwan) has very little independence as it is primarily adherent to current government policy.

[3] Its primary concern is the stability of the New Taiwanese Dollar as instability could upset Taiwan's export dominated economy.