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ADB Working Paper Series on Regional Economic Integration The Financial Crisis and Money Markets in Emerging Asia Robert Rigg and Lotte Schou-Zibell No. 38 | November 2009 ADB Working Paper Series on Regional Economic Integration * The Financial Crisis and Money Markets in Emerging Asia Robert Rigg+ and Lotte Schou-Zibell++ *The authors would like to thank Iloila Lacson Tan for research assistance and Kevin Donahue for editorial No. 38 November 2009 assistance. +Robert Rigg, 9/88 Lagoon St, Narrabeen NSW 2101, Australia. Tel +614 1627 1247 or +6129 9131124, robertrigg@ozemcoamil.a.u ++Lotte Schou-Zibell is Senior Economist, the Office of Regional Economic Integration, Asian Development Bank, 6 ADB Avenue, Mandaluyong City, 1550 Metro Manila, Philippines. Tel +63 2 632 5245, Fax +63 2 636 2342, lschouzibell@adb.org The ADB Working Paper Series on Regional Economic Integration focuses on topics relating to regional cooperation and integration in the areas of infrastructure and software, trade and investment, money and finance, and regional public goods. The Series is a quick-disseminating, informal publication that seeks to provide information, generate discussion, and elicit comments. Working papers published under this Series may subsequently be published elsewhere. Disclaimer: The views expressed in this paper are those of the author(s) and do not necessarily reflect the views and policies of the Asian Development Bank or its Board of Governors or the governments they represent. The Asian Development Bank does not guarantee the accuracy of the data included in this publication and accepts no responsibility for any consequence of their use. By making any designation of or reference to a particular territory or geographic area, or by using the term "country" in this document, the Asian Development Bank does not intend to make any judgments as to the legal or other status of any territory or area. © 2009 by Asian Development Bank November 2009 Publication Stock No.
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