Financial Sector Crisis and Restructuring: Lessons from Asia (International Monetary Fund Occasional Paper) - Softcover

 
9781557758712: Financial Sector Crisis and Restructuring: Lessons from Asia (International Monetary Fund Occasional Paper)

Synopsis

This paper reviews the policy responses of Indonesia, Korea, and Thailand to the Asian crisis that erupted in 1997 and compares the actions of these three countries with those of Malaysia and the Philippines, which were buffeted by the crisis. Although work is still under way in all the affected countries, and thus any judgments are necessarily tentative, important lessons can be learned from the various experiences of the last two years.

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