PolyU Library
Journal Call no.HC411.A76
AuthorReyes, Alejandro.
Article TitleIn search of a tougher cop : the BIS could get wider monitoring role / Alejandro Reyes.
Is Part OfAsiaweek ; v.24, no.11, 20 Mar 1998, p.54, illus.
AbstractAmong the lessons to be learned from East Asia's financial turmoil, one stands out: the need for more monitoring. The rapid and unfettered accumulation of short-term debt was one major factor that contributed to the meltdown in 1997. This has prompted calls for heightened surveillance, including a wider role for the Bank for International Settlements (BIS), the Swiss-based central banks' central bank.