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Are Banking Systems in East Asia Stronger? *
Author(s) -
TURNER Philip
Publication year - 2007
Publication title -
asian economic policy review
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.58
H-Index - 20
eISSN - 1748-3131
pISSN - 1832-8105
DOI - 10.1111/j.1748-3131.2007.00052.x
Subject(s) - east asia , financial system , economics , business , economic system , development economics , economic policy , international economics , political science , china , law
The Asian crisis was severe because local banking systems were weak. The major policy effort to improve supervision and strengthen banking systems that followed has achieved substantial results. But these achievements have been somewhat uneven across the region. The current favourable environment should not lull governments into complacency: new risks are arising and continued reforms are needed.