Repeat of Asian crisis ‘unlikely’, say Singapore bank chiefs
Policy-makers responding more proactively to risks than in 1997
Despite recent foreign exchange volatility and a global commodity market downturn hitting commodity exporters in the Association of Southeast Asian Nations (Asean), a repeat of the 1997 Asian financial crisis is a low probability, according to the chief executives of two major Singapore banks.
The Malaysian ringgit and Indonesian rupiah have been two of the worst-performing currencies globally this year. Both have plumbed levels not seen since the Asian financial crisis, with the rupiah losing
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe
You are currently unable to print this content. Please contact [email protected] to find out more.
You are currently unable to copy this content. Please contact [email protected] to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
