Financial Sector Crisis and Restructuring – Lessons from Asia

This paper reviews the policy responses of Indonesia, Korea, and Thailand to the 1997 Asian crisis 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 judgments are necessarily tentative, important lessons can be learned from the various experiences of the last two years.

View Publication