Asian Financial crises : Origins, implications and solutions

Author/Editor:

International Monetary Fund

Publication Date:

January 16, 2001

Summary:

This paper analyzes the origins, implications, and solutions for the Asian financial crisis. From the perspective of a member of the Executive Board of the IMF, as Asian problems were building, the IMF overlooked weaknesses in bank and corporate balance sheets in much of Asia: the IMF was unaware of the extraordinary leverage of Korean companies, which in some cases reached a ratio of 600/1 debt to equity. The IMF did not focus on the weak accounting and disclosure practices of banks and nonbanks or generous rollovers of banks to their key clients.

Series:

Books

Subject:

English

Publication Date:

January 16, 2001

ISBN/ISSN:

9781451965476/

Stock No:

AFCOEA0000000

Price:

$75.00 (Academic Rate:$75.00)

Format:

Paper

Pages:

542

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