In an integrated world financial market, a financial crisis in a country can be quickly transmitted to other countries, causing a global crisis. What kind of measures would you propose to prevent the recurrence of a Asia-type crisis.
There should be an international safety net to precautionary the global financial systems from the Asia-type crisis. The process ought to include an increase in capital requirements for gumshoe banks and bank foundations while making countercyclical. Second, eliminate liquidity requirements while improving consumer literacy and limiting consumer debt.
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