While the motives for these buildups were not all economic, they may have helped these economies to weather recent financial turbulence at less cost than other emerging market economies in the region. The Asian crisis has focused attention on the adequacy of information about official reserves.
BIS central bankers’ speeches  1  Do you think the new refinancing operations (TLTROs) will be welcomed by the banking sector? We believe that the new TLTROs will be even more favourable than the previous series and will be successful in helping to ease financing conditions.