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The Global Financial Crisis and Macroeconomic Policy Issues in Asia


  • Takagi, Shinji

    (Asian Development Bank Institute)


Responding to the severe negative impact of the recent global financial crisis, many Asian economies resorted to substantial easing of macroeconomic policies. This policy brief reviews the principal policy measures implemented, examines the issues that have emerged from this extraordinary experience, and concludes with a forward-looking discussion of medium- to longer-term measures to improve the effectiveness of macroeconomic policies and to make the world and the region a safer place.

Suggested Citation

  • Takagi, Shinji, 2009. "The Global Financial Crisis and Macroeconomic Policy Issues in Asia," ADBI Policy Briefs 32, Asian Development Bank Institute.
  • Handle: RePEc:ris:adbipb:0032

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    Cited by:

    1. Dilip K. Das, 2012. "How did the Asian economy cope with the global financial crisis and recession? A revaluation and review," Asia Pacific Business Review, Taylor & Francis Journals, vol. 18(1), pages 7-25, January.

    More about this item


    asian eased macroeconomic polices; global financial crisis; macroeconomic policy issues;

    JEL classification:

    • F00 - International Economics - - General - - - General

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