This series contains documents within the YPFS Resource Library. Audio and video resources are also available.
Documents from 1999
Ecuador's President Addresses Nation on Economic Crisis, British Broadcasting Corporation (BBC)
Ecuador: Government drafting emergency economic bail-out plan, British Broadcasting Corporation (BBC)
Ecuador said to consider Currency Board, Thomas Catan and Mercedes Alvaro
Ecuador crisis grows as banks stay closed, Justine Newsome and Richard Lapper
Ecuador Extends Closure of Banks To Four Days, Declares Emergency, Dow Jones
The Americas–Ecuador mulls switch to currency board, Justine Newsome and Richard Lapper
Ecuador declares emergency, calls out military - March 9, 1999, CNN
Latin America and the Caribbean – Ecuador Fails to Halt Slide in Sucre, Justine Newsome
The Committee to Save the World, Time Magazine
Federal Reserve Bulletin February 1999, Federal Reserve System: Board of Governors
Annual Report 1998 Bank of Latvia, Latvijas Banka/Central Bank of Latvia
Banquiers, Negociants et Manufacturiers Parisiens Du Directoire a l'Empire, Louis Bergeron
Chapter 6: The Mexican Peso Crisis of 1995 and its Aftermath, C. Randall Henning
Economic Reforms in Kazakhstan, Kyrgyz Republic,Tajikistan, Turkmenistan, and Uzbekistan, Emine Gürgen, Harry Snoek, Jon Craig, Jimmy McHugh, Ivailo Izvorski, and Ron van Rooden
Korea to Sell Control of Bank to US Investors, Stephanie Strom
Documents from 1998
Regional briefing, Far Eastern Economic Review
Statement by Prime Minister Keizo Obuchi on the Temporary Nationalization of the Nippon Credit Bank, Limited, Japan: Prime Minister's Office
Statement by the Governor concerning the temporary nationalization of the Nippon Credit Bank, Bank of Japan
Transcript of Minutes (11/17/1998), Federal Reserve System: Board of Governors: Federal Open Market Committee (FOMC)
Ecuador's Govt/Aid Plan -3: Temporarily Suspends Income Tax, Dow Jones
With all good intentions: the collapse of Jamaica's financial sector, Paul Chen-Young
Storm in a teacup or Crisis in Jamaica's financial sector, Gladstone Bonnick
Ecuadorean bank says funds okay after deposits run, Mario Naranjo
Political Constitution of the Republic of Ecuador, National Congress of Ecuador
Promotion of revision of 'Depositor Protection Act', South Korea: Ministry of Economy and Finance
Confirmation of amendment to the Enforcement Decree of the Depositor Protection Act, South Korea: Ministry of Economy and Finance
Law on Deposit Guarantees for Individuals, Latvia: Saeima
Risk and Returns of Financial-Industrial Interactions: The Korean Experience, Sung-hee Jwa and Chan Guk Huh
Republic of Korea: Letter of Intent of the Government of Korea, May 2, 1998, Chol-Hwan Chon and Kyu-Sung Lee
Ecuador Liquidates Bank Solbanco SA For Insolvency, Dow Jones
Implementation of the government's payment guarantee for the extension of maturity of short-term external debt of financial institutions, South Korea: Ministry of Economy and Finance
Bank of Japan Law, National Diet of Japan
Bank of Japan Law, National Diet of Japan
Analysis and evaluation on facts behind Thailand's economic crisis, Commission Tasked with Making Recommendations to Improve the Efficiency and Management of Thailand's Financial System (Nukul Commission)
Plans for Privatization of KFB and SB, South Korea: Ministry of Economy and Finance
Signing Contract with the Advisory for Privatization of KFB and SB, South Korea: Ministry of Economy and Finance
Plans for Business Normalization, Bank of Korea
BOK purchases KDIC bonds, Bank of Korea
Agreement on basic principles of negotiations on extension of maturity of short-term foreign debts of financial institutions in Korea, South Korea: Ministry of Economy and Finance
South Korea, Creditors Agree To Restructuring of Loans, Stephen E. Frank
Submission of national guarantee agreement for foreign currency debts of financial institutions, South Korea: Ministry of Economy and Finance
Details of Capital Injection to KFB and SB, South Korea: Ministry of Economy and Finance
Documents from 1997
Act on the Establishment of Financial Supervisory Organizations, Act No.5490, Republic of Korea
Act on the Structural Improvement of the Financial Industry, South Korean Government
Depositor Protection Act. 5492, South Korean Government
Depositor Protection Act, Act No. 5492, Republic of Korea
金融監督機構의設置등에관한法律 ( 약칭: 금융위원회법 ), South Korean Government
Republic of Korea: Letter of Intent of the Government of Korea, December 24, 1997, Kyung-shik Lee and Chang-Yuel Lim
Submission of national guarantee agreement for repayment of principal and interest of overseas borrowings by domestic banks, South Korea: Ministry of Economy and Finance
<주식시황>주가 4백선 재붕괴, Yonhap News Agency
Announcement on Capital Injection for KFB and SB, South Korea: Ministry of Economy and Finance
IMF says S.Korea response to crisis was 'piecemeal.', Robin Bulman
If desired, it is possible to convert to CMA, The Korea Economic Daily
IMF negotiations concluded: No damage to depositors . . . what happens to deposits at merchant banks, The Korea Economic Daily
Moody's downgrades Korea Development Bank's commercial paper, Agence France Presse (AFP)
S.Korea extends commercial paper insurance., Reuters Staff
S. Korea turmoil eases, IMF-led bailout may expand, Robin Bulman
Strengthening the depositor protection system, South Korea: Ministry of Economy and Finance
S. Korea announces steps to overcome financial crisis, Asian Economic News
South Korean trust funds swamped with panic withdrawals, Agence France Presse (AFP)
UPDATES with minister's press conference, Zeno Park
A New Framework for Enhanced Asian Regional Cooperation to Promote Financial Stability, Japan: Ministry of Finance
FOCUS-Seoul financial stability package detailed., Reuters Staff
Policy action for financial stability and financial restructuring, South Korea: Ministry of Economy and Finance
Korean assembly panel passes four reform bills., Reuters Staff
New corporate failures hit Korean won, Louis Beckerling
NCB and Bankers Trust reach cross-shareholding arrangement, The Japan Times
Press Release: IMF Board of Governors Approves SDR Amendment, International Monetary Fund (IMF)
Special Loan to KFB, Bank of Korea
<焦點> 제일은행 정부출자의 의미와 영향, Yonhap News Agency
Ratings of S.Korea banks won't improve immediately., Jean Yoon
NCB moves to reshuffle two top executive posts, The Japan Times
Statement by the Governor on the Restructuring of Nippon Credit Bank, Bank of Japan
Six Ex-Nippon Credit Officials Are Arrested Over Coverup, Jathon Sapsford
NCB to press ahead with stock issue plan, The Japan Times
Nippon Life Insurance to boost NCB's capital, The Japan Times
Treasury and Federal Reserve Foreign Exchange Operations (January 1997- March 1997), Federal Reserve System: Federal Reserve Bank of New York
Eighty-third Annual Report of the Board of Governors of the Federal Reserve System 1996, Federal Reserve Board of Governors (FRB)
Financial Crisis Management - Four Financial Crisis in the 1980s, United States: General Accounting Office
BT and Nippon to act on securitisation tie-up, Dow Jones
Ministry probes NCB plan for reform, financial woes, The Japan Times
NCB tieup does not preface buyout, The Japan Times
Ailing Nippon Credit Turns to Bankers Trust for Help, Jathon Sapsford and Robert Steiner
NCB plans tieup with Bankers Trust, The Japan Times
Reforms show momentum: S&P, The Japan Times
Tie with Bankers Trust to help NCB restructure - BOJ., Reuters
Ailing NCB asks banks for 291 billion in capital, The Japan Times
Liquidation rocks trust banks, The Japan Times
Ministry leans on financial firms in NCB bailout, The Japan Times
Moody's Lowers Nippon Credit Bank's Senior Debt Rating to Ba1, Moody's
Banks shocked by NCB move to pass on units' losses, The Japan Times
Japan Forced Restructuring of 2 Big Banks, David Holley
NCB restructuring plan aims to win back trust, The Japan Times
The 140th Diet, House of Representatives, House of Representatives of Japan
A Major Japanese Bank Reported in Crisis, Andrew Pollack
Japan Comes to Aid of Troubled Bank, Sandra Sugawara
Bank Industry Must Rebuild, Not Expect Bailout, Official Says, Japan Times Staff
Nippon Credit says it is not in trouble, The Japan Times
Hanbo Steel Goes Bankrupt With Debt of $5.85 Billion, The Wall Street Journal