Managing Financial Crises: The Experience in East Asia

Author/Editor:

Timothy D. Lane ; A. J Hamann ; Marianne Schulze-Gattas ; Ales Bulir ; Steven T Phillips ; Atish R. Ghosh ; Alex Mourmouras ; Jack Boorman

Publication Date:

June 1, 2000

Electronic Access:

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Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary:

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.

Series:

Working Paper No. 2000/107

Subject:

Credit Currencies Exchange rates Financial crises Foreign exchange Monetary policy Monetary tightening Money

English

Publication Date:

June 1, 2000

ISBN/ISSN:

9781451852974/1018-5941

Stock No:

WPIEA1072000

Pages:

66

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