On 16th November 2009, SUERF, CEPS and the Belgian Financial Forum coorganized a conference "Crisis management at cross-roads" in Brussels. All papers in the present volume are based on contributions at the conference and the SUERF Annual Lecture which followed the event.

This paper discusses some of the lessons learnt from the use of the ‘bail‐out’ technique in the financial crises in Thailand, Korea and Indonesia in 1997–8. While the solution to debt crises in the past relied upon debt restructuring techniques which involved directly creditors and...

On 16th November 2009, SUERF, CEPS and the Belgian Financial Forum coorganized a conference "Crisis management at cross-roads" in Brussels. All papers in the present volume are based on contributions at the conference and the SUERF Annual Lecture which followed the event.