Governing Finance: East Asia's Adoption of International Standards (Cornell Studies in Money) by Andrew Walter
English | Jan 17, 2008 | ISBN: 0801446457 | 256 Pages | PDF | 19 MB
The international financial community blamed the Asian crisis of 1997–1998 on deep failures of domestic financial governance. To avoid similar crises in the future, this community adopted and promoted a set of international "best practice" standards of financial governance. The G7 asked specialized public and private sector bodies to set international standards, and tasked the International Monetary Fund and the World Bank with their global dissemination.