## 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](https://www.imf.org/en/publications/wp/issues/2016/12/30/managing-financial-crises-the-experience-in-east-asia-3635)

## Other formats

- [Markdown version](/en/publications/wp/issues/2016/12/30/managing-financial-crises-the-experience-in-east-asia-3635/index.md)
- [Structured JSON version](/en/publications/wp/issues/2016/12/30/managing-financial-crises-the-experience-in-east-asia-3635/index.json)
- [Bundle manifest](/en/publications/wp/issues/2016/12/30/managing-financial-crises-the-experience-in-east-asia-3635/bundle-manifest.json)

## 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

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### 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.

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## Content in this bundle

- **Managing Financial Crisis: The Experience in East Asia - WP/00/107**
  - [Managing Financial Crisis: The Experience in East Asia - WP/00/107 (Markdown version)](/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/wp/2000/_wp00107.pdf.md){rel="alternate" type="text/markdown"}
  - [Managing Financial Crisis: The Experience in East Asia - WP/00/107 (PDF)](/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/wp/2000/_wp00107.pdf){rel="external" type="application/pdf"}

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_Source: https://www.imf.org/en/publications/wp/issues/2016/12/30/managing-financial-crises-the-experience-in-east-asia-3635_