Financial Stability Review
International Finance Articles
1998
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Issues
for Policy Makers Arising from the International Financial Crisis
(138k)
(Issue 5, Autumn 1998)
John Drage, Fiona Mann and Ian Michael
While many possible causes of the Asian crisis - and the more recent Russian default and the subsequent virtual closing of international capital markets to many developing countries - have been advanced and widely discussed by policy makers, in academic literature and press reports, the crisis is still evolving and it is unwise to think that all the lessons that may need to be learned have already been identified.
Key Resources
|
Memorandum of Understanding between HM Treasury,
the Bank of England and the Financial Services Authority
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