Asia-Pacific perspectives on the global financial crisis 2007-2009

Jonathan Andrew Batten, Warren Hogan, Peter Szilagyi

Research output: Chapter in Book/Report/Conference proceedingChapter (Book)Researchpeer-review

1 Citation (Scopus)


We consider recent events in financial markets and the subsequent responses by monetary and fiscal authorities, which are impressive for their scale, innovation and flexibility in the face of sharply deteriorating circumstances. Internationally, the economic malaise brought perverse responses not least being the apparent quest for higher capital adequacy requirements than was thought necessary before the downturn. Where possible the uniqueness of the responses by authorities in the Asia-Pacific region is highlighted. Other features impeding recovery cannot be dealt with immediately. Among these, the most important is the valuation procedures associated with accounting rules.
Original languageEnglish
Title of host publicationInternational Banking in the New Era: Post-Crisis Challenges and Opportunities
EditorsSuk-Joong Kim, Michael D Mckenzie
Place of PublicationBingley UK
PublisherEmerald Group Publishing Limited
Pages87 - 117
Number of pages31
ISBN (Print)9781849509121
Publication statusPublished - 2010
Externally publishedYes

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