Introduction Most observed issues The crisis should not be viewed as a problem. Lesson should be learned from experince.

No international institution is equipped to bail out any country in a financial crisis.The failure of the International Monetary Fund (IMF).

Asia set up its own regional fund.- Asian countries could have a greater economic interdependence.

Financial Institution-Asian Development Bank (ADB)-Asia Investment Infrastructure Fund (AIIF)-Asian Bond Markets Initiatives and the Asian Bond Funds