Given the extraordinary problems and pressing nature of the needs in the crisis countries of Asia, it is not sensible to see the answer being to slow growth. So whatever system and changes are put forward to address the problems of the last couple of years, they should pass the test of being compatible with a good pace of growth.
"The Interaction between Macroprudential Policy and Monetary Policy: Overview" Review of International Economics 29: 1-19, February. Cerutti, Eugenio, Ricardo Correa, Elisabetta Fiorentino, and Esther Segalla, 2017. "Changes in Prudential Policy Instruments - A New Cross-Country Database", International Journal of Central Banking 48: 477-503, March. Cantú, Carlos, Leonardo Gambacorta, and Ilhyock Shim, 2020, "How Effective are Macroprudential Policies in AsiaPacific?