Zeti: EM central banks aided by development role
Zeti Akhtar Aziz, the governor of Bank Negara Malaysia, on Thursday said a central banks' mandates in emerging markets to develop financial markets aided their ability to respond to credit conditions during the crisis.
Speaking at Svein Gjedrem Colloquium in Oslo, Zeti said: "The decade of financial reforms and financial sector development that followed the Asian financial crisis have resulted in more developed and resilient financial systems that are now better able to intermediate the more
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