Factors that led to worsening financial market conditions in East Asia in 1997-1998 included ________.
A)weak supervision by bank regulators
B)a rise in interest rates abroad
C)unanticipated increases in the price level
D)a decrease in interest rates

Question

Quizplus · Accepted Answer

Weak supervision by bank regulators contributed to the financial crisis in East Asia by allowing risky lending practices and inadequate risk management, which led to financial instability.

Factors That Led to Worsening Financial Market Conditions in East