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Author:
Mr. Leslie E Teo
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Mr. Charles Enoch
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Mr. Carl-Johan Lindgren
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Mr. Tomás J. T. Baliño https://isni.org/isni/0000000404811396 International Monetary Fund

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Ms. Anne Marie Gulde
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Mr. Marc G Quintyn
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Language:
English
Print Publication Date:
21 Jan 2000
Keywords:
OP; bank; country; loan; government; asset; bank restructuring strategy; government ownership; restructuring strategy; government-private sector recapitalization; bank resolution package

Abstract

Financial and corporate sector weaknesses played a major role in the Asian crisis in 1997. These weaknesses increased the exposure of financial institutions to a variety of external threats, including declines in asset values, market contagion, speculative attacks, exchange rate devaluations, and a reversal of capital flows.1 In turn, problems in financial institutions and corporations worsened capital flight and disrupted credit allocation, thereby deepening the crisis.

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Cover Financial Sector Crisis and Restructuring
Financial Sector Crisis and Restructuring
Lessons from Asia: Lessons from Asia
ISBN:
9781557758712
ISSN:
0251-6365
Publication Date:
21 Jan 2000
Publisher:
International Monetary Fund
DOI:
https://doi.org/10.5089/9781557758712.084
Pages:
112