Proceeding the Asian crisis,

Multiple Choice

none of the options

the history of managed growth in the East Asian region at least suggested that the economic and financial system, as an integral unit, could be managed in an economic downturn.

it may have been implicitly assumed that the governments would come to the rescue of their private banks should financial problems develop.

it may have been implicitly assumed that the governments would come to the rescue of their private banks should financial problems develop, and the history of managed growth in the East Asian region at least suggested that the economic and financial system, as an integral unit, could be managed in an economic downturn.