no comparable political and legal integration. Nevertheless, Asia can draw useful lessons from European experiences in …

I analyze the risks in the banking systems in East Asia using the standard supervisory framework, which assesses … tests indicate that the largest banking systems in East Asia have a total of almost US$1.2 trillion in Tier 1 capital and a …

As Asia considers greater harmonization and integration of its financial systems, it would be well-advised to consider … formally as a lender of last resort in a financial crisis. Europe's experiences should not dissuade Asia from seeking … appropriate further harmonization and integration. However, they do argue strongly for Asia to take the kind of careful, step …

Northeast Asia - the People's Republic of China (PRC), the Republic of Korea, and Japan ‒ in responding to financial crises. The … difficulties revealed in the crisis, while Northeast Asia (and in fact ASEAN+3) is a model of nonintegration with a limited set of …

The COVID-19 pandemic is imposing economic and broader development challenges as never before. Policy lessons from Asia … inequality and environmental challenges increased the region's vulnerabilities. The post-pandemic recovery in Asia and the …

based mainly on the Korean experience during the 1997 Asian financial crisis. Crises in emerging market and developing …

The People's Republic of China (PRC) is beginning a new wave of financial liberalization, which is necessary to support …

China's (PRC's) small and medium enterprises (SMEs). It also provides relevant policy suggestions at the end. First, this … paper reviews the impacts of the 1997 Asian financial crisis on the PRC's SMEs, evaluating the policy measures for coping …

China (PRC), the United States (US), and the other large Asian economies have changed over the past 20 years with the …