Occasional Papers

Financial Sector Crisis and Restructuring: Lessons from Asia: Lessons from Asia

Author/Editor:

Leslie E Teo ; Charles Enoch ; Carl-Johan Lindgren ; Tomás J. T. Baliño ; Anne Marie Gulde ; Marc G Quintyn

Publication Date:

January 21, 2000

Electronic Access:

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Summary:

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 judgements are necessarily tentative, important lessons can be learned from the various experience of the last two years.

Series:

Occasional Paper No. 2000/003

Subject:

Asset and liability management Asset management companies Bank resolution Banking Blanket guarantee Commercial banks Credit Economic sectors Financial crises Financial institutions Financial sector