This paper reviews the policy responses of Indonesia, Korea, and Thailand to the Asian crisis that erupted in 1997 and compares the actions of these three countries with those of Malaysia and the Philippines, which were buffeted by the crisis. Although work is still under way in all the affected...

This paper reviews the policy responses of Indonesia, Korea, and Thailand to the Asian crisis that erupted in 1997 and compares the actions of these three countries with those of Malaysia and the Philippines, which were buffeted by the crisis. Although work is still under way in all the affected...

Since the mid-1990s, economic observers have kept a watchful eye on the financial sector because of its potential to spark economic crises. Banks in particular have come under close scrutiny. Building Strong Banks through Surveillance and Resolution offers guidance on setting up regulatory and...

Intro -- Contents -- Foreword -- Acknowledgments -- 1. Introduction -- PART I: ISSUES IN SURVEILLANCE -- 2. Loan Review, Provisioning, and Macroeconomic Linkages -- 3. Domestic Lending in Foreign Currency -- 4. Toward a Framework for Systemic Liquidity Policy -- 5. Emergency Liquidity Support...