European Parliament Library

The Asia Crisis :, Causes, Policy Responses, and Outcomes, Andrew Berg

Label
The Asia Crisis :, Causes, Policy Responses, and Outcomes, Andrew Berg
Language
eng
Abstract
This paper tells the story of the Asian financial crisis by addressing four questions: What were the causes of the crisis, how did the crisis unfold, what were the policy responses, and what have been the outcomes? The paper takes the view that none of these questions can be understood without appreciating the fundamental vulnerabilities that left authorities without effective tools to counter sudden capital outflows. The pattern of output decline suggests that these vulnerabilities, particularly weaknesses in domestic financial systems, played a larger role than tight monetary policy in determining outcomes
resource.governmentPublication
international or intergovernmental publication
Literary Form
non fiction
Main title
The Asia Crisis :
Nature of contents
dictionaries
Responsibility statement
Andrew Berg
Series statement
IMF Working Papers
Sub title
Causes, Policy Responses, and Outcomes
Content
Other version