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    • Volume 30, Issue 1
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    • Institute of Development Studies Research Repository
    • IDS Bulletin
    • 1990 - 1999
    • Volumes 21 - 30
    • Volume 30, Issue 1
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    Strengthening the Architecture of the Global Financial System:

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    IDSB_30_1_10.1111-j.1759-5436.1999.mp30001005.x.pdf (138.6Kb)
    Date
    01/01/1999
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    Abstract
    Summary More timely and accurate information on countries' economic situations – in particular on foreign reserves – is required for proper risk assessment. Capital account liberalisation can bring benefits but needs to be carefully managed. Shortcomings in national prudential regulation and supervision made Asian economies vulnerable. Private entities need to participate in burden sharing to provide incentives for adequate risk evaluation. Bail?outs should only take place to avoid systemic risks and orderly workout procedures are needed in cases of bankruptcy. The IMF and other multilateral institutions played a crucial role managing the crisis. However, they need to improve transparency and should become more involved in international prudential supervision.
    URI
    https://opendocs.ids.ac.uk/opendocs/handle/20.500.12413/9137
    Citation
    (1999) Strengthening the Architecture of the Global Financial System:. IDS Bulletin 30(1): 50-55
    DOI
    10.1111/j.1759-5436.1999.mp30001005.x
    Is part of series
    IDS Bulletin Vol. 30 Nos. 1
    Rights holder
    © 1999 Institue of Development Studies
    Rights details
    http://www.ids.ac.uk/files/dmfile/IDSOpenDocsStandardTermsOfUse.pdf
    Collections
    • Volume 30, Issue 1 [13]

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