By Richard Lung
Methodology List of included countries
Prior to the onset of the crisis, Asian banks raised substantial amounts of capital and, in addition, accumulated savings from their healthy earnings which has provided an additional cushion. These buffers remain largely in place as their relatively low exposure to structured credit products led to, if not limited, the manageable depletion of capital over the past year. While global cross-border capital markets may be closed, a number of banks have continued to raise additional capital locally, although at higher costs.
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