Financial Sector Crisis and Restructuring:Lessons from Asia
( Occasional Papers )
Publication series ： Occasional Papers
Author： Mr. Leslie Teo Mr. Charles Enoch Mr. Carl-Johan Lindgren Mr. Tomás J. T. Baliño Ms. Anne Marie Gulde Mr. Marc Quintyn
Publisher： INTERNATIONAL MONETARY FUND
Publication year： 2000
E-ISBN: 9781452765150
P-ISBN(Paperback): 9781557758712
Subject： F0 Economics;F8 Finances
Language： ENG
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Description
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 countries, and thus any judgements are necessarily tentative, important lessons can be learned from the various experience of the last two years.