Managing Financial Crises: The Experience in East Asia

Timothy Lane, A. Javier Hamann (), Marianne Schulze-Gattas, Ales Bulir, Steven Phillips, Atish Ghosh (), Alex Mourmouras and Jack Boorman

No 2000/107, IMF Working Papers from International Monetary Fund

Abstract: The Asian financial crisis of 1997-98 was one of the most dramatic economic events of recent times, which raised many questions regarding the appropriate policy response to financial crises. This paper reviews the experience of this crisis, focusing on the overall strategy of crisis management and the way that strategy was implemented, including with regard to official and private financing, structural reforms, and monetary and fiscal policies.

Keywords: WP; economic activity; financial support; current account; short-term debt; credit crunch; East Asian financial crisis; IMF; broad money; funding crisis; nominal exchange rate; Exchange rates; Credit; Monetary tightening; Currencies; East Asia; Asia and Pacific (search for similar items in EconPapers)
Pages: 66
Date: 2000-06-01
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