Workshop on Banking Supervision

Publication | November 1998

If there is one good upshot of the current crisis, it is that it highlighted the urgent need for strong financial systems in Asia.

If there is one good upshot of the current crisis, it is that it highlighted the urgent need for strong financial systems in Asia. Indeed, it had been argued that the Asian crisis fundamentally stemmed from policies that encouraged imprudent lending and excessive risk-taking that made East Asian financial sectors susceptible to adverse shocks. The post-crisis era will see the emergence of a new Asian financial structure that mitigates financial systems' vulnerability.

Additional Details

Type
Series
Subjects
  • Finance sector development

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