Taiwan News  
Date: 2018/02/23
By: Taiwan Today,Agencies

During his 20 years at the helm of the Central Bank, “Gov. Perng adopted flexible monetary and foreign exchange policies and advanced forward-looking reforms to the nation’s financial system,” Lai said.

According to the premier, under Perng’s leadership the Central Bank responded swiftly and decisively to the myriad challenges Taiwan has faced over the past two decades, including the Asian financial crisis in 1997, massive earthquake that struck Sept. 21, 1999, and U.S. subprime mortgage collapse and subsequent global financial meltdown.

During the two financial crises, the bank adopted effective monetary measures to inject liquidity and soothe the foreign exchange market, Lai said, adding that these actions helped soften the blow on Taiwan and accelerate the country’s economic recovery.
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