Once confidence began to recover and market conditions stabilized, the East Asian economies shifted their monetary and fiscal policies toward expansion and embraced large-scale exchange-rate depreciation – efforts that enhanced their export competitiveness. Structural reforms, including the immediate closing of financial institutions and the elimination of non-performing loans, also helped to bolster recovery.
无论在哪个国家，行动都是暂时性的。一旦信心开始恢复、市场环境企稳，东亚经济体便开始了货币和财政政策扩张和大规模汇率贬值——这些措施e增强了它们的出口竞争力。结构改革，包括立刻关闭金融机构和勾销不良贷款也有助于提振复苏。