Professional Documents
Culture Documents
• Disadvantaged groups
such as the poor,
women, children and
the elderly were the
worse hit by the crisis.
• India could have a more difficult time than the rest of the
region.
• Taiwan will have to fight its way through a recession that has
already begun.
• Korea has a lot of household debt which could slow the economy
further.
• Increased international
surveillance to detect possible
future financial crises have been
considered but not implemented.
Agenda for Reform
• Basle accords used to strengthen supervision and
regulation of banking systems.
• y = h + a/ ls
• Investment
• TFP (a)
Supplementary Resources
• The Asian Crisis Four Years On by IMF
• The Asian Crisis: Cause & Cures by IMF