Workshop on Economic Monitoring of Financial Systems in East and Southeast Asia

Publication | July 1998

As articulated in the Manila Framework, setting up a regional surveillance process is deemed essential in minimizing the risk of crisis recurrence. The ASEAN Finance Ministers requested ADB to draw up a blueprint for its implementation.

As articulated in the Manila Framework, setting up a regional surveillance process is deemed essential in minimizing the risk of crisis recurrence. The ASEAN Finance Ministers endorsed the idea and requested the Asian Development Bank (ADB) to draw up a blueprint for its implementation. While there appears no disagreement over the principles, there is as yet little consensus on how such a process could be carried out. Clearly, the call for effective monitoring by the ASEAN Finance Ministers and the Manila Framework has to be substantiated and operationalized.

Additional Details

Type
Series
Subjects
  • Finance sector development

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