Factors that led to worsening financial market conditions in East Asia in 1997-1998 included ________.
A)strong supervision by bank regulators
B)bankers' lack of expertise in screening and monitoring borrowers
C)improvement of banks' balance sheets because of decreasing loan losses
D)unanticipated increases in the price level

Question

Quizplus · Accepted Answer

The lack of expertise by bankers in screening and monitoring borrowers led to a high number of non-performing loans, which contributed to worsening financial market conditions in East Asia in 1997-1998.

Factors That Led to Worsening Financial Market Conditions in East