While the financial crisis in East Asia could be said to be on the wane in some countries, the reconstruction process in the aftermath and the debate about the financial policies best suited to the region still rages on. This book examines both of these processes in authoritative detail.
It includes critical assessment of:
* the post-crisis state of financial markets
* the banking and corporate restructuring process, with special focus on Indonesia
* the policy debates currently going on in East Asia, including monetary policy; exchange rate systems and the scope for financial cooperation
* East Asia's debt and equity markets
The well-respected contributors including Claudio Borio, Hae Wang Chung, Guy Debelle, Reuven Glick, Robert McCauley and Eisuke Sakakibara, have produced a book that will be influential around the world.
'This excellent volume moves beyond providing the now familliar story of the origins and impact of the crisis …valuable and timely' - Progress in Development Studies