Are Banking Systems in East Asia Stronger?*

Philip Turner

Asian Economic Policy Review, 2007, vol. 2, issue 1, 75-95

Abstract: The Asian crisis was severe because local banking systems were weak. The major policy effort to improve supervision and strengthen banking systems that followed has achieved substantial results. But these achievements have been somewhat uneven across the region. The current favourable environment should not lull governments into complacency: new risks are arising and continued reforms are needed.

Date: 2007
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Asian Economic Policy Review is currently edited by Takatoshi Ito, Akira Kojima, Colin McKenzie and Shujiro Urata

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