Economic Perspectives

Asian banks in trouble

Print edition : January 09, 2015

Many South-East Asian countries were forced to undergo painful reforms following the 1997 economic crisis. Here a May 1, 1998, photograph shows Thai workers carrying a banner in a procession taken out as part of the National Labour Day celebrations in Bangkok. Photo: PORNCHAI KITTIWONGSAKUL/AFP

Although China and India have not taken a hit of the kind the South-East Asian countries did in 1997, the two countries have been registering rapid increases in their private credit to GDP ratios over different periods since 2000. (Above) The headquarters of the People's Bank of China in Beijing. Photo: PETAR KUJUNDZIC/REUTERS

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