The Great Financial Crisis and its Aftermath: A Perspective from Asia

Hans Genberg

Chapter 25 in Achieving Financial Stability:Challenges to Prudential Regulation, 2017, pp 353-360 from World Scientific Publishing Co. Pte. Ltd.

Abstract: Compared to advance economies in the West, Asian emerging market have recovered relatively well from the Great Recession of 2008–2009. A contributory factor was lessons learned from the Asian Financial Crisis (AFC) of 1997–1998 which led to changes in governance frameworks and policy strategies that rendered economies in the more resilient. This note also suggests that an element of good fortune may have been present…

Keywords: Money and Banking; International Banking; Financial Instititions; Banks; Regulations; Compliance; Financial Crisis; Great Financial Crisis 2008; Microprudential; Macroprudential; Financial Stability (search for similar items in EconPapers)
JEL-codes: E50 (search for similar items in EconPapers)
Date: 2017
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