1945
Asia-Pacific Development Journal Vol. 9, No. 2, December 2002
  • E-ISSN: 24119873

Abstract

The Asian economic and financial crisis of 1997 has spawned a considerable body of analysis as to its origin, causes and resolution. It is generally recognized that structural weaknesses of the financial systems of the affected countries were at the core of the problem. It follows from this that monitoring the stability of financial markets, including asset markets, and devising early warning systems for problems in these markets would enable the authorities to deal better with potential crises and to develop more effective policy interventions to that end. The Asian Development Bank has undertaken the development of a system of MPIs macroprudential indicators (MPIs) to facilitate cross-country comparisons of economic and financial vulnerability in the Asian and Pacific region. This paper evaluates the significance of the MPIs chosen for this purpose and highlights the need for a core set of leading indicators for giving early warning of financial vulnerability.

Related Subject(s): Economic and Social Development

You do not have access to article level metrics. Please click here to request access

http://instance.metastore.ingenta.com/content/journals/24119873/9/2/2
Loading
This is a required field
Please enter a valid email address
Approval was a Success
Invalid data
An Error Occurred
Approval was partially successful, following selected items could not be processed due to error