Corporate financial restructuring in Asia: implications for financial stability

BIS Quarterly Review  |  September 2007  | 
03 September 2007
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 |  12 pages

Corporate financial fragility preceding the Asian financial crisis heightened vulnerabilities. Many countries in the region undertook significant corporate financial restructuring after the crisis, with some countries bouncing back much faster than others. These sounder corporate financial practices bode well for financial stability.

JEL classification: G32, G38.