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Title: 20 Years After the Asian Financial Crisis: Lessons Learned and Future Challenges
Authors: ADB; Park, Cyn-Young; Lee, Junkyu; Villafuerte, James; Rosenkranz, Peter
Issue Date: Sep-2017
Description: This brief revisits lessons from the Asian financial crisis, examines the emerging challenges that could undermine future financial stability, and concludes with some policy considerations. The Asian financial crisis that took the world by surprise 20 years ago was a major turning point for many of the region’s economies. The crisis exposed structural weaknesses and policy distortions in crisis-affected countries, along with poorly planned financial liberalization and premature capital account opening. Going forward, Asia needs to pursue broad-based reforms to address new and remaining vulnerabilities and safeguard financial stability.
ISBN: 9789292579517
ISSN: 20717202 
Country: Regional - Asia and the Pacific
Appears in Collections:ADB Collections

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