Responding to uncertainty : readings and cases / edited by Felixberto U. Bustos, Jr.

Spine title: AIM responding to uncertainty.

In 1997, the financial crisis that struck Asia spawned considerable anxiety, financial upbeavals and extreme economic uncertainties. But even as economies reeled in the wake of the crisis, opportunities presented themselves to both individuals and institutions in the financial services sector, for them to undertake a restructing and a reshaping of the region's financial architecture. Four years hence, these very oppotunities remain available along with the chance to increase transparency, rebuild integrity, and create a fair and effective governance system. It is around this premise that the third JBF Lecture Series entitled "Responding to Uncertainty" revolved. This volume is a compilation of lectures delivered during the series that came at the heels of two others before it, namely: Who's Afraid of Financing? How to Overcome Fear of Financial Risks and Building the Infrastructure of Effective Governance. Responding to Uncertainty presents a motley of ideas on how various entities cope in these unsettling times. Mechanisms presented range from the seemingly more erudite or sophisticated ones (e.g.the setting up of asset management companies) to those seemingly less so, but creative, nonetheless (e.g. the Indian and Pinoy 5-6). The volume also contains prescriptions on how best to cushion the impact of various local, regional and global uncertainties, even as it states how the domestic banking system and small depositors could be shielded from the impact of threats to the financial environment.