 Increasing Legal Cooperation in Bank Crisis Management—Implications for the Public Assistance and Fiscal Backstops in ASEANWassamon Kun-amornpong ()
Chapter Chapter 5 in The Financial Trilemma and Cross-border Bank Crisis Management in ASEAN, 2025, pp 177-227 from Springer Abstract: Abstract Chapter 5 examines the roles of public assistance and fiscal backstops in managing systemic banking crises in ASEAN. It discusses various measures—namely, lender of last resort, guarantees, recapitalisation, and troubled asset relief—and notes how they can exacerbate the financial trilemma when national authorities prioritise domestic interests. The chapter also considers the role of the rule of law, highlighting tensions between IMF-style institutional reforms and local societal priorities, as illustrated by Thailand's experience after the Asian financial crisis. It further evaluates government networks, focusing on the CMIM and AMRO as mechanisms to enhance coordination, ensure equal access to financial support, and facilitate information sharing. Finally, the chapter provides recommendations, including strengthening the CMIM’s capacity, expanding its tools for regional SIFI recapitalisation, and increasing the IMF-delinked portion of the CMIM funds to reduce stigma. Date: 2025 There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-981-95-0512-8_5 Ordering information: This item can be ordered from DOI: 10.1007/978-981-95-0512-8_5 Access Statistics for this chapter More chapters in Springer Books from Springer |
Is your work missing from RePEc? Here is how to contribute.
Questions or problems? Check the EconPapers FAQ or send mail to .
EconPapers is hosted by the
School of Business at Örebro University.