Managing Financial Crises: The Experience in East Asia
IMF Working Papers, June 1, 2000
Source details
- Canonical URL
- Managing Financial Crises: The Experience in East Asia
Other formats
Bibliographic details
- Authors: Timothy D. Lane, A. J Hamann, Marianne Schulze-Gattas, Steven T Phillips, Atish R. Ghosh, Alex Mourmouras, Jack Boorman
- Published: June 1, 2000
- Series: IMF Working Papers
- DOI: https://doi.org/10.5089/9781451852974.001
Overview / Main focus
- Reviews the Asian financial crisis of 1997-98, described as "one of the most dramatic economic events of recent times."
- Focuses on:
- the overall strategy of crisis management;
- implementation of that strategy with regard to official and private financing;
- structural reforms; and
- monetary and fiscal policies.
Key themes and analytical focus
- Crisis management strategy:
- Assessment of the overall strategy used during the 1997-98 crisis.
- Examination of how that strategy was implemented in practice.
- Financing during crises:
- Role of official financing.
- Role of private financing.
- Structural reforms:
- Review of structural reform measures undertaken in affected economies.
- Monetary and fiscal policy responses:
- Analysis of monetary tightening and monetary policy actions.
- Analysis of fiscal policy measures.
Findings (as presented in source summary)
- The Asian financial crisis of 1997-98 raised many questions regarding the appropriate policy response to financial crises.
- The paper reviews the experience of the crisis with a focus on strategy and implementation across financing, structural reforms, and monetary and fiscal policies.
Content in this bundle
- Managing Financial Crisis: The Experience in East Asia - WP/00/107