Description

The Asian financial crisis of 1997-98 was one of the most dramatic economic events of recent times, which raised many questions regarding the appropriate policy response to financial crises. This paper reviews the experience of this crisis, focusing on the overall strategy of crisis management and the way that strategy was implemented, including with regard to official and private financing, structural reforms, and monetary and fiscal policies.

Taxonomy

Financial crisis , International financial system

More publications in this series: Working Papers

More publications by: Timothy D Lane ; A Javier Hamann ; Marianne Schulze-Gattas ; Ales Bulir ; Steven Phillips ; Atish R Ghosh ; Alex Mourmouras ; Jack Boorman