If the origins of the Asian crisis lay in the private sector, what of the solutions? I think one important conclusion that flows very readily from the Asian experience is that raising large scale public funding for rescue packages, as occurred in Thailand and Indonesia, and was done more in “virtual” form for Korea, will be difficult to repeat in the future.
The Agreement will thus further strengthen the economic relations between our two countries and specifically our two Central Banks. Ladies and gentlemen,  BIS central bankers’ speeches  1  This is indeed a first step in that the conversion of the currencies under this Agreement will be applicable only to the border towns of Oshikango and Santa Clara.