And we can do so while still insisting on everyone’s freedom to choose” (Thaler and Sunstein, 2008, p. 8). It is useful to provide a default option of financial products for those large sections of society that have neither the inclination nor the tools to make those choices.
To confront the turmoil in the Asian financial markets which started in summer 1997, various measures have been taken -- each country BIS Review 12/1998  -5has been adjusting its macroeconomic policy and setting out measures to stabilize the financial system, and international assistance has been provided under the leadership of the International Monetary Fund (IMF).