This is of course true during normal times, but perhaps more so during a crisis when market participants and governments are sometimes trying to determine where problems lie and how severe they might be. Lack of information can present additional problems during a crisis, and incorrect or incomplete information provided by firms, governments, and other institutions can severely undermine their credibility, worsening the problem.
Conclusion These conferences on the Asian crisis serve as excellent forums to analyze the events of ten years ago and share views on ways to prevent and mitigate future crises. They also allow market participants to offer feedback on past policy steps, including which past policies helped and which ones hindered.