Series: IMF Working Papers
Author(s): Phakawa Jeasakul , Cheng Lim , and Erik Lundback
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 26 February 2014
Keywords: Global financial crisis, resilience, financial and external vulnerabilities, banking, banking crisis, banking system, bank capital, loan classification, Financial Markets and the Macroeconomy, Asia including Middle East,
Asia proved to be remarkably resilient in the face of the global financial crisis, but why was its output performance stronger than that of other regions? The paper shows that better initial conditions-in the form...