Bank and corporate restructuring in crisis-affected East Asia: from systemic collapse to reconstruction
The East Asian crisis was the result of interactions between massive capital flows and weak domestic institutions. This paper examines the weaknesses in the financial and corporate sectors that were at the heart of the crisis, reviews the economic consequences of these weaknesses and outlines the progress in financial and corporate sector restructuring. Significant progress has been made in reforming East Asian financial sectors. Governments have committed themselves to improving the regulation...[Show more]
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