sound, but that the short-term outlook is negative. Second, I review the measures introduced in Asian countries to support … they need to be handled carefully to prevent long-term distortions. It remains to be seen whether Asian policymakers will … explore the implications of the crisis for credit formation, assessing whether nonbank financial institutions in the region …

It has taken two crises - the Asian financial crisis of 1997-1998 and the global financial crisis of 2007-2009 - for … financial architecture could complement and strengthen the international financial architecture. East Asian authorities should … the international community to seriously focus on the reform of the international financial architecture for crisis …

in policy discussions. Since many emerging Asian economies presently have large current account surpluses, the issue of … rebalancing has special significance for Asia. While India, like other Asian economies, suffered only an indirect impact from the … financial crisis, its current policy challenges appear to be different from those facing the People's Republic of China (PRC …

financial crisis on Asian economies and the implications of post-crisis adjustment in emerging East Asia (EEA) for the world … economy. The analysis suggests that EEA is unlikely to be severely damaged permanently by the global financial crisis, and a …

This paper reviews recent state interventions in financial crises and draws lessons for crisis management. A number of … and the associated moral hazard), to allow for the orderly resolution of systemically important financial firms (to make …

based mainly on the Korean experience during the 1997 Asian financial crisis. Crises in emerging market and developing …This paper discusses the role of state intervention for prevention, containment, and resolution of financial crises … economies tend to be more complicated than those faced by advanced economies because they are twin crises: financial and …

How much can regional monitoring of financial markets and coordination of financial sector policies contribute to … preventing and mitigating financial crises? This paper reviews and compares the experiences of Europe and Asia, which have taken … different routes and have achieved different levels of regional financial integration. The analysis suggests that the …

paper reviews the impacts of the 1997 Asian financial crisis on the PRC's SMEs, evaluating the policy measures for coping …This paper conducts an in-depth analysis of the impacts of the global financial crisis on the People's Republic of … global financial crisis on the PRC's SMEs, focusing the discussion on the causes of and resulting problems from SME …

markets. The analysis demonstrates that Asian local currency bond markets made substantial gains as a region going into the … current global financial crisis. However, we argue that the current financial crisis requires a reassessment of the merits of …, the degree to which success in the development of these markets will be sustained remains unknown until global financial …