Asian Financial crises

Chapter 45 An Analysis of Financial Crisis

Author(s):
International Monetary Fund
Published Date:
January 2001
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    Abstract:

    Adverse shift in investors’ confidence in Asia was associated with weak fundamentals, particularly those pertaining to the external and financial sectors. Lessons from the crisis include strengthening those fundamentals, creating a large liquidity fund, and designing loss-sharing arrangements involving private lenders and borrowers.

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