Strengthening Asia's Financial Safety Net

This report examines how financing arrangements have evolved in Asia to help safeguard the region from financial crises. The 19971998 Asian financial crisis and the 20072008 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.

• | Author: Asian Development Bank
• | Publisher: Asian Development Bank
• | Publication Date: Dec 30, 2019
• | Number of Pages: 44 pages
• | Language: English
• | Binding: Paperback
• | ISBN-10: 929261908X
• | ISBN-13: 9789292619084