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Interpreting the Asian Financial Crisis: Open Issues in Theory and Policy
Asian Financial Crisis Theory Policy
2009/9/1
This paper discusses the theoretical and policy debate on the crisis in
Southeast Asia. After contrasting competing interpretations of the crisis, the paper
presents stylized facts about fundamental...
Lessons of the Asian Financial Crisis: What Can an Early Warning System Model Tell Us?
Asian Financial Crisis System
2009/9/1
Using an early warning system model, this paper provides empirical evidence on the causes of the 1997 Asian financial crisis, with a view to shedding light on policy lessons. The model shows that ther...