Strengthening Asia’s Financial Safety Net

Asian Development Bank

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English

Asian Development Bank
30 December 2019

Development studies; Economic theory & philosophy; Development economics; Financial crises & disasters; Public finance

Summary
Details

This report examines how financing arrangements have evolved in Asia to help safeguard the region from financial crises.

The 1997–1998 Asian financial crisis and the 2007–2008 global financial crisis highlighted the need for global and regional financial safety nets to safeguard financial stability and enhance resilience to future crises. Over the past decade, Asian economies have made progress in establishing financing arrangements to strengthen the region’s financial safety net. These arrangements have enhanced regional macroeconomic and financial surveillance, strengthened crisis management, and bolstered cooperation for financial stability and resilience. The report examines the evolution and the toolkits of regional financing arrangements and assesses the Asian Development Bank’s role in providing crisis response mechanisms through its policy-based lending facilities.

By: Asian Development Bank
Imprint: Asian Development Bank
Dimensions: Height: 279mm, Width: 216mm,
ISBN: 9789292619084
ISBN 10: 929261908X
Pages: 44
Publication Date: 30 December 2019
Audience: Professional and scholarly , Undergraduate
Format: Paperback
Publisher's Status: Active