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
Financial Sector Regulation
Enterprises
Financial aid
Economies in transition
Local Finance
Local Government
Insurance Companies
Banks
Social Equity
Social responsibility of business
Accounting
Personal budgets
Cost and standard of living
Bank accounts
Credit control
Regulatory reform
Banks and banking
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Citable URI
http://hdl.handle.net/11540/1577Metadata
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