The Asian financial crisis, which developed in late 1997, suggested that bank-dominated money markets could yield more easily to political pressure than securities-dominated ones.

Question

Quizplus · Accepted Answer

The Asian financial crisis highlighted vulnerabilities in bank-dominated financial systems, where political influence could affect lending and financial stability more than in securities markets, which are typically more transparent and market-driven.

The Asian Financial Crisis, Which Developed in Late 1997, Suggested