based mainly on the Korean experience during the 1997 Asian financial crisis. Crises in emerging market and developing … effective crisis management team of experts given a clear mandate with well defined power; strong political support; effective …

This paper reviews recent state interventions in financial crises and draws lessons for crisis management. A number of … areas are identified where crisis management could be strengthened, including with regard to the tools and instruments used … to involve the private sector in crisis resolution (with a view to reducing the recent enhanced role of official bailouts …

architecture (GFA) after the East Asian crisis, and assesses factors that can improve the chances of real reform this time. A … factual assessment of various causes advanced for the global crisis, puts the main responsibility on lax regulation. Liquidity …

financial crisis in Asia are not high today, there are new risks of financial turbulence originating from sub-prime crisis in …. In order to respond to the current crisis, the major players in the region should develop a consensus on the outline of a …

economic implications, have become more evident in the global economic crisis. The euro has served as a shield during the … crisis, and arguments that the crisis would lead to a breakup of the monetary union are neither new nor convincing. But there … framework for the supervision of financial markets strengthened, and external representation streamlined. The crisis has also …

The paper investigates the labor market and social impacts of the global financial and economic crisis in Asia and the … Pacific as well as national policy responses to the crisis. It draws on recent macroeconomic, trade, production, investment …, and remittances data to assess the employment and social consequences of the crisis, including falling demand for labor …

investigate how trilemma policy configurations affect the output performance of the economies under severe crisis situations … openness while holding a massive amount of IR. We also find that the crisis economies could end up with smaller output losses … if they entered the crisis situation with more stable exchange rates or if they continue to hold a high level of IR and …

country to fall into a recession from the current global economic crisis in July 2008. It was projected that the Singapore … several policy considerations as the City-State adjusts to the current global economic crisis. The paper also discusses the … role of ASEAN in the current global economic crisis. The paper highlights that the ability of Singapore to ride the current …

constitute an important step toward mitigating the risk of crisis. However, regional monitoring and coordination will remain … this background, the crisis is a wake-up call for further progress on monetary integration in Asia along the lines of the … reformed Chiang Mai Initiative. In Europe, the crisis reveals the need to establish a sustainable regulatory and supervisory …