Asia weathered crisis better thanks to lessons of the '90s
Lessons learned in the Asian financial crisis of the late 1990s stood the region in good stead to weather the global crisis of the late 2000s, according to a new research paper from the International Monetary Fund.
The paper, Why Was Asia Resilient? Lessons from the Past and for the Future, by Phakawa Jeasakul, Cheng Hoon Lim and Erik Lundbäck, shows that the Asian crisis in the 1990s "helped reshape both public policies and private sector behaviour" to make the region "remarkably resilient in
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com
More on Financial Stability
Fed research investigates supply chain resilience
Stiglitz and co-authors look at firms’ investment in production capacity
Bank of Mexico lowers GDP growth estimate
Slow economic activity from last year continues into the first quarter
Chinese cities ease home-buying rules as housing slump continues
Analysts say real estate sector unlikely to turn around this year despite recent interventions
Sri Lanka keeps interest rates flat
Country introduces new governance reforms to state-owned banks
RBNZ will activate debt-to-income tool
New Zealand central bank to bring in new macro-prudential tool in July
Getting Chiang Mai right
Asia’s emergency infrastructure is on the right track, but there is still room for improvement
Use machine learning to protect payment systems – research
Tool could also be used to warn of money laundering and bank runs, researchers say
Egypt holds policy rates
Central bank says improved external financing after IMF loan will help price stability
Most read
- Artificial intelligence: key questions for financial supervisors
- Risks facing central banks: action and inaction
- Central bank of the year: Central Bank of Brazil