20 Years After the Asian Financial Crisis: Lessons Learned and Future Challenges

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dc.contributor.authorADB; Park, Cyn-Young; Lee, Junkyu; Villafuerte, James; Rosenkranz, Peter
dc.date.accessioned2021-10-05T15:02:04Z
dc.date.available2021-10-05T15:02:04Z
dc.date.issued2017-09
dc.descriptionThis 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.
dc.format.extent8
dc.identifier.isbn9789292579517
dc.identifier.isbn9789292579524
dc.identifier.issn20717202 
dc.identifier.issn22182675
dc.identifier.urihttps://www.adb.org/publications/20-years-after-asian-financial-crisis-future-challenges
dc.identifier.urihttps://hdl.handle.net/20.500.14540/5145
dc.subject.otherEconomics
dc.subject.otherFinance sector development
dc.subject.otherFinance sector reform
dc.title20 Years After the Asian Financial Crisis: Lessons Learned and Future Challenges
local.publication.countryRegional - Asia and the Pacific
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