The Financial Crisis in Asia

Estrada,Gemma; Park,Donghyun; Ramayandi,Arief | April 1999
Abstract
How has the Asian financial crisis developed over the last 12 months? What caused the crisis? Did it result from basic structural weaknesses in the affected countries or was it merely the result of investors panicking? Did the policy response by the International Monetary Fund (IMF) ameliorate or exacerbate the situation? This chapter closely analyzes these important questions. It concludes by showing that whatever the answers, a fundamental need is to strengthen the international financial architecture and proposes a necessary, minimum set of reforms within the existing institutional setting.
Citation
Estrada,Gemma; Park,Donghyun; Ramayandi,Arief. 1999. The Financial Crisis in Asia. © Asian Development Bank. http://hdl.handle.net/11540/1577.
ISSN
0117-0481
Keywords
Economic Development
Economic Infrastructure
Economic Policies
Regional Economic Development
Microfinance Programs
Public Finance
Local Financing
Financial Stability
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Citable URI
http://hdl.handle.net/11540/1577
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