South Korea's financial crisis in 1997: what have we learned?

Article Abstract:

South Korea suffered an economic crisis in 1997, and there was little warning that this would happen from macroeconomic indicators. The causes of the crisis can be located in both external factors, such as shocks in terms of trade, and the Asian financial crisis, and domestic factors such as poor management of foreign debt. The contagion effect could be tackled through effective global coordination and better integration of developing economies in the world economy. Liquidity, sustainability, and an improvement in corporate government are among improvements needed in the domestic front.

South Korea

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Malaysia's International Offshore Financial Centre: an examination of Labuan's development and operations

Article Abstract:

Malaysia needs to invest more resources and money into its regional financial center on the island of Labuan in the eastern part of the country to make it more competitive with similar centers in the Asia-Pacific region. To its credit, however, the competitiveness of the center has already improved considerably despite being in operation for only four years. Correcting deficiencies in the center's facilities, infrastructure and staff can contribute immensely to making it more attractive to investors.

Malaysia, Buildings and facilities, Enterprise zones, Labuan

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The crisis and financial sector reform

Article Abstract:

The Asian financial crisis has provoked the need to re-evaluate the performance of standard models for financial sector reform. It includes a re-examining of risks associated with the strategy of liberalization and globalization. Meanwhile, there are several options available for planning financial systems development. These include reinforcing capital asset needs with solvency reserve requirements, limiting bank secrecy regulations and improving the management of international prudential guidelines.

Analysis, Economics, Asia, Depressions, Economic depressions

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