The Reserve Bank also instituted an Off-site Monitoring and Surveillance (OSMOS) system for banks in 1995, which provides for Early Warning System (EWS) as also a trigger for on-site inspections of the vulnerable institutions. The scope and coverage of off-site surveillance has since been widened to capture various facets of efficiency and risk management of banks.
But it seems likely that the very rapid growth achieved by the Asian Tiger economies, and by China, can be explained very readily in conventional terms, by looking at growth in the inputs of labour and capital, and at productivity improvements. Thus demographics and migration trends are obviously important in determining how fast a labour force will grow.